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Introduction
Introduction
Firelotto is a lottery game focused entirely on Ethereum Blockchain. So far, it has been known for bringing a huge change in the global lottery world. Today, the total share of the lottery world accounts to somewhere around 29% which is not at all a bad count for a lottery world.
Firelotto is a gaming system which operates totally on independence. All the information within it would be kept safe. However, all the data will be conserved and will be encrypted too. If we shift the focus on the previous lottery systems, this kind of an innovation is sure to take care of a lot of problems.
It would be really astonishing to take down a note on the present figure of the lottery industry. They have made a leap from $187.1 billion in the year 2004 to $294.3 billion for the year 2016. Not bad, is it?
Working
The lotto world has its own perks, which brings in transparency and a fully decentralized system. This will help in organizing and holding a lottery that will explicitly use blockchain technology and smart contracts. They will help in a lot of factors which will include:
- Gathering and dividing funds
- Trying your luck with random numbers
- Paying a small commission to the token holders
The prize of the fire lotto consists of around 70% funds. These are directly drained from the ticket sales. However, there are jackpots too. The minimum fixed jackpot amount is 1000 ETH. That is not all, as this amount will keep on growing.
The two different types of lotteries are Instant and Draw Lottery.
The two different types of lotteries are Instant and Draw Lottery.
There are also three different types of draw lotteries
- 4/20 - The price of the ticket in this lottery system is 0,003 ETH (~2.00 USD) and the pool price, which is guaranteed is 20 ETH (~7,000 USD)
- 5/36 -The price of this tickets will be the same as the previous one. However, the prize pool is definitely a major turn in accounting to 100 ETH (!100,000 USD)
- 6/45 – The ticket price remains the same. The prize pool ranges to 1000 ETH (~1,000,000 USD)
More different additions are welcomed and are soon going to join the existing list.
Features
Because of the lottery that it's offering: Firelotto continues to show its accomplishment. Today, the lottery system has already launched and is bringing a lot of participants in the field too. Some of its end products are already out in the open.
Transparent Algorithm: There is always a downside to the traditional lottery system. The fair play opportunities are always left to question.
As far as the online lottery console is concerned, the results show that most of the blockchain lotteries are in either way centralized or are built up in such a way that the creators get hold of the prize pool amount and they are the ultimate deciders.
This is not the case with Firelotto as it functions on Ethereum blockchain and used Bitcoin for another purpose. The program code is always available for inspection.
Convenient to use: Nowadays, the interfaces of most of the blockchain lotteries have a difficult user interface.
However, fire lotto is completely easy and flexible for one to use. You don't need some computer skills to run this. The design and interface are very basic for one to use.
The one-click mechanism used is also very fast, easy and secure for one to be a part of.
The Token Sale
Overall, a total of 100 million Fire Lotto tokens will be used in the token sale. During the ICO, the price of one token will account for USD 0.50. All the participants who participate in the bonus games can get their tokens for USD 0.40.
The price of one token will be equivalent to 0.35 USD.
The pre-ICO starts from 15th January 2018 and wraps up on 18th February 2018. As soon as the pre-ICO sale is over, the ICO launches in from 15th March 2018 and closes up on 15th April 2018.
The token distribution is as follows.
77% - Investors
20% - Team
3% - Bounty
20% - Team
3% - Bounty
The Final Verdict
Fire Lotto investment can definitely turn out to be in your favour. Well, if I am asked about my personal opinion, Fire Lotto is totally an investment to look for. This is not only a fun place to explore but it has finished products on its end to sell it off to the world.
Also, there sure is some advantage for the early birds as they can participate early and earn themselves a lot of bonus. Fire Lotto is not going to disappoint you and will prove to be one of the solid investments that you make.
Also, there sure is some advantage for the early birds as they can participate early and earn themselves a lot of bonus. Fire Lotto is not going to disappoint you and will prove to be one of the solid investments that you make.
Website: https://firelotto.io/
Whitepaper: https://firelotto.io/whitepaper_en.pdf
Username : Daplun
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=989442
Whitepaper: https://firelotto.io/whitepaper_en.pdf
Username : Daplun
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=989442
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