Lottery has been a part of us since time immemorial. And honestly 4 amongst 5 of us would most certainly have taken part in some form of lottery, and why not? It’s fun! So the folks at Fire Lotto have used this to their advantage and come up with an unbiased global lottery playing platform using blockchain technology. A traditional game with futuristic technology.
As mentioned, Fire Lotto will be an impartial lottery with a substantially big reward pool. Unlike most lottery systems, Fire Lotto aims to provide fast payments for winners. Their main objective is to uncomplicate online lottery playing by designing a platform that will feature a unique one-click buying system that will be fast and secure and it promises to be user friendly even for the complete novice. All it takes is the most basic computer knowledge.
The platform will be a decentralized Ethereum based ecosystem, with its transparent algorithm will enable the lottery to be fair to all participants. Fire Lotto, unlike most other ICO’s have a complete and fully functioning product using Ether smart contracts.
HOW THIS WORKS
Fire Lotto has four types of lottery game out of which three are like normal draws where one picks numbers : 4 of 20 will be one game, 5 of 36 the second game and 6 of 45, the third.
The player can pick any game of these three, buy a ticket which starts at $2, and choose the numbers. Every 6 hours lotteries are held and winning is based on the numbers one guesses and chooses correctly, for example in the game of 4 of 20, if all 4 chosen numbers are correct, the player will receive a jackpot, if 3 out of 4 are correct, 33% of the prize pool is awarded. The fourth type of game is an instant lottery called the Roger’s Wheel which is much like the wheel of fortune and will offer prizes based on where the pointer falls on the wheel.
TOKEN AND ICO
Fire Lotto have introduced FLOT tokens which will be available a month after the ICO is complete and what is paramount here is the fact that token holders will be provided with a commission from every ticket sold in every drawing. With the integration of smart contracts, the token holders are provided with a constant source of income, says Fire Lotto.
Token pre-sales are already open for those that want to get in early before the main token sale in February.
Token : FLOT
Price 1 FLOT : 0.35 USD
Platform : Ethereum
Accepts : ETH
Soft cap : 2,000,000 USD
Hard cap : 15,000,000 USD
Restricted areas : USA
A private presale started on December 15, 2017, and ended on January 15, 2018.
The pre-ICO began from January 15, 2018, and will last until February 15, 2018.
The ICO itself is set to be launched on March 15, 2018, and end on April 15, 2018.
100 million tokens are to be released by the developers. Of this, 77 million will be offered at the ICO.
AND THE WINNER IS..?
Behind Fire Lotto is a team is of fintech entrepreneurs with vast experience in blockchain and online gaming technologies. Fire Lotto has also promised several reward that promises to allow players to earn crypto commissions on lotto ticket sales.
For more information, visit :
Website : https://firelotto.io/
Whitepaper : https://ico.theworldnews.net/whitepaper_1_11_en.pdf
Facebook: https://facebook.com/firelotto
Twitter: https://twitter.com/FireLottery
Telegram: https://t.me/firelottery
Written by: Pooja Jur
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1217469
