Fire Lotto: Tech-based lottery body
Based on the above statement, today I will review about the Fire Lotto platform that uses Blockchain technology also for the lottery industry worldwide.
What is FIRELOTTO?
We managed to create something unique - a truly transparent and completely decentralized platform for organizations and lucky drawing, using ECH technology for blocking and smart contracts to collect, distribute funds and identify random number winners, and charge commissions to holders from token.
The lottery prize fund is generated with a 70% deduction from the funds earned from ticket sales. The minimum size of a guaranteed jackpot is fixed, for a lottery of 6 out of 45 it is 1000 ETH (about 1 million US dollars). If on the run, no player wins the main prize, then the amount increases and will be transferred to the next draw. The jackpot will grow until it finds the winner.
HOW WORKS LOCK BLOCKCHAIN
The Gift Lottery prize fund comprises 70% of the funds collected from ticket sales. The minimum guaranteed jackpot size is fixed-1000 ETH (~ USD 1,000,000) for the 6/45 draw. If no one wins the grand prize in the lottery, it will be moved to the next lottery and increased. The pot will continue to grow until it finds the winner.
There are pictures every six hours in each lottery. The numbers are disheveled with the help of RNG based on a block chain (four, five or six digits taken from the unique code of the last extracted bitcoin block). As soon as all series are withdrawn, the victory will be automatically transferred to the winning ticket owner through an algorithm incorporated in the smart contract.
There will be five prize categories with different prizes depending on the accuracy of the player predicting the lottery amount. All categories starting from 2 will be counted as a percentage of the total prize. If multiple winners win the pot in the lottery, it will be shared among them.
Roger Wheel sequel lobster is a blend of luck wheel and traditional slot machines. In this game, players can place bets ranging from 0.003 ETH (USD 2.00) to 1 ETH (USD 1,000.00) [*] and select a payment rate of 2 to 20, which will be used to multiply their winnings. Next, players spin the wheel divided into 21 sectors with different payment rates on them. If the wheel stops at the level the player chooses, he will immediately win (transferred to their crypto-heart purse). Players can change the number of unlimited wheels in the game, which reduces waiting times and increases the number of tickets purchased by players. The wheels are rotated for 20-30 seconds. The randomness of this game is confirmed by the block blocker RNG.
allows the addition of new types of lotteries in the future. Players enter the lottery site with a traditional and user friendly interface, where he can buy almost all unlimited lottery tickets and choose the number for each ticket. Tickets are purchased in one click via a crypto wallet that annoys users. Ethereal transactions go to the smart lottery of the selected lottery, contributing to the prize pool. 70% of all lottery ticket sales are allocated to prize pool.
- The initial prize pool is guaranteed over USD 1.1 million.
- The number of prize pools can grow up to tens of millions of rupiah.
- A record 70% of the funds collected from ticket sales will be allocated to the prize pool. § No winning numbers or lottery tickets can be falsified.
- Transparent distribution and payment procedures and supported by smart contracts.
- Sweepstakes are based on ETH blocking. All the lottery parameters are included in the program code, which will be open to anyone who will check it.
- This lottery can not be banned. You just need internet access and key crypto wallet to play it.
- The interface is comfortable and user-friendly. A game is played in one click. Mobile version available
- At the launch of a one-ticket platform costing USD 2.00, the number of millions of players worldwide is commonplace.
- There is no possibility of system abuse. Fire Lotto is anonymous.
- Victory of any size is paid almost instantaneously.
- Victory is not taxed.
- The fact that the raffle platform is decentralized means that the platform will operate independently and independently provided there are gambling, internet, and cryptocurrency enthusiasts.
- Sales commission payments are secured by smart contracts and provide token holders with an almost endless source of income.
- Fire Lotto token price will continue to increase.
ICO: 15.03.18-15.04.18
Token price at ICO: 1 token = 0,5 $
From each token Ticket sales holders are guaranteed to get 10% of that amount. Distribution of the accrual commissions in the framework of a smart contract after circulation and is not dependent on the results of the circulation. The token holder will receive a commission of 1.6 cents from each circulation that sold 16 million tickets, which is more than 20% per annum of the funds invested in the Fire Lotto token. Taking into account that over 150 billion lottery tickets worth US $ 2 are sold annually in the world, the profitability of the Fire Lotto token can exceed 50% per annum in the first year of the lottery.
- 32.000.000 - Revenue from 16 million tickets sold per year
- 3,200,000 - 10% - number of commissions held
- 0.032 - Revenue percent by one security key
Do not forget Roger's fast grinding wheels, which is basically a game process is a game slot device with a 10% retention of the number of bets made. Profitability gaming machine quickly and quickly won hard to be underestimated.
It is also worth considering the token value added exchange rate as promotion and promotion of Fire Lotto. After the expiration of the ICO and commencement of commission payments, the token fee is at least $ 1 US dollars for crypto exchange.
Team
Conclusion
According to an estimate, the global lottery industry is estimated to reach $ 294 billion by 2016. The advent of technology and digital tools has practically changed the look of the lottery industry. This has led to major changes in the nature and operation of the industry. The industry is ready to grow further in view of the increasing globalization, information and living standards. We expect sustainable growth in this sector.
Honesty and honesty in the game are their main goals and with the help of blockchain technology and smart contracts they can do this without a hitch. The same opportunity frame for everyone is their motto, which can be easily reduced by their game design.
I think the gambling market is ready for such a platform that will stimulate industry growth with the help of the latest technology. People need confidence in every kind of game and if it can be maintained consistently, their platform will grow quickly. There is no need to enter the lottery, except your crypto wallet and internet access. So, you are ready for the game of your life.
For more information :
Website: https://firelotto.io/
Whitepaper: https://firelotto.io/whitepaper_en.pdf
Facebook: https://facebook.com/firelotto
Twitter: https://twitter.com/FireLottery
Telegram: https://t.me/firelottery
Author: gelefals
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1573104
Eth: 0x4151B9b20befFCc4fa6594e5e71F3cd405E6CF1f
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