Honestly, I am not into lottery, betting, or any gambling online; but this time it's different. Of all the game based token sales that I know, this one is the only one that got the rating score of STABLE+ in ICO rating website (Might be that I just missed some of them lol!).
It's called TrueFlip (http://bit.ly/TruFlip), an online lottery based blockchain. All of their ticket sale, drawing, victory and the prizes accrual will be recorded in the blockchain. Participants of the TrueFlip lottery do not need to disclose their personal data, therefore making it really anonymous. Further developments of TrueFlip will make all transactions (purchasing tickets, distributing the revenues from selling them and replenishing the jackpot) open and available for everyone to analyze.
But the real big question is, why is it given the STABLE+ rating score?
According to ICO ratings website there are three things which they like about TrueFlip.
- The idea itself: genius in simplicity,
- Realistic forecasts and expectations of the project founders, and
- Multiple potential of the project scalability.
View full report here.
In terms of transparency, the lottery algorithm is posted on Github to be audited by the community.
Feel free to view their code on Github here.
Question: How can users be sure that the winning numbers are generated exactly by the code posted on Github?
Ans: If you want to make sure, it’s easy to do: just follow the link (https://trueflip.io/check-honesty?lang=en). There you can insert the hash of the block that has provided the winning numbers previously – at the moment of the draw we do not know what the exact block will look like. Thus you will see the same numbers, that have won in the draw connected to this block. Otherwise, just show our Github to your IT support:)
As i've said on top, "of all the TOKEN SALES TrueFlip is the only one that I know that got the STABLE+ rating", which means they currently (7/11/2017) have their ICO crowdsale and you are so lucky you read this and will be able to participate in their ICO. The Token Sale will last for 30 days (or until all the tokens are sold) with the bonus amount decrease according to acquried amount of BTC as shown on the above ICO progress bar. At the end of the Token Sale the remaining unsold tokens will be burned and share of all Token holders will be proportionally increased.
So one of the most important question is, if there are online lottery and are capable of producing sufficient funds for themselves, WHY DO THEY STILL NEED TO SELL TOKENS?
JackPot.
A lottery will be interesting only if there is a BIG Jackpot. That's why we want to raise 3,062.5 BTC for Jackpot via token sale campaign. Jackpot will be secured on cold wallets with the use of multi-signature escrow involving three community stakeholders, while the development team does not have any access to these funds. So when someone lucky hits the Jackpot, it will be transferred manually.
Transparency.
We want to prove to the blockchain community that our game is fair. At this very moment TrueFlip is not 100% decentralized. Our team is aware about it and has a plan on how to make TrueFlip as much decentralized as virtually possible. Our next goal is to make the lottery independent on any third party (including the team).
Development.
We plan to develop 3 more cool lotteries. We will describe them in the WP.
Marketing and PR.
We understand that the project can hardly attract millions of customers without marketing budget. For that reason we have created an efficient marketing strategy. The budget for our global marketing campaign will be accumulated from TFL token sale.
To make this story short, i'll just to give you a chance to make your own further research about TrueFlip.
If you want more info you can go HERE.
If you want to participate in their ICO you can follow these steps:
1. Register an account here >>>> http://bit.ly/TruFlip
2. Verify your account
3. Go to 'Investor profile' and follow instructions on how to participate in their ICO.
They support BTC, LTC, ETH, and DASH for investment.
That's all! I hope you also hit the JACKPOT! Oh yeah!
