FIRELOTTO-THE WORLD’S HOTTEST CRYPTO LOTTERY
WHAT IS FIRE LOTTO?
Fire Lotto, is the world’s leading decentralized lottery platform developed under the smartest Ethereum (ETH) contract, which is marked by total transparency. Decentralized and distributed blockchain offers many opportunities for advanced technological innovation and the modernization of the gaming industry.
GLOBAL LOTTERY INDUSTRY
Global Lottery Industry The global lottery industry grew from $187.1 billion in 2004 to $294.3 billion in 2016, representing a compound annual growth rate (CAGR) of 4.3% per year. In 12 years from 2004 to 2016, lottery sales have declined only once, evidencing the stability of the business. More than 64% of global lottery sales come from Europe and North America.
Concurrently, with growing penetration of the Internet and mobile phone adoption, online and mobile lotteries are growing everywhere. The total revenue of mobile lotteries in 2016 is estimated to be 43 billion, while 44% of the amount is generated in Europe and North America. The pace of technology adoption can be even faster in the developing markets.
Up until recently, most lottery operators were B2C. With the advent of online and mobile lotteries, there are now more B2B companies offering online lottery platforms.
A LOTTERY WITH HIGHER STANDARDS
- FIRE LOTTO HAS ALREADY BEEN LAUNCHED. 80% of ICOs are not backed up by any product prototype. Fire Lotto is a finished product that has already been launched.
- A TRULY TRANSPARENT ALGORITHM. It is questionable if traditional lotteries provide for fair play. Code audit show that most blockchain lotteries are either centralized or designed so that their creators hold the right to use the prize pool. Fire Lotto is built on the Ethereum blockchain and uses a secure Random Number Generator based on the Bitcoin decentralized protocol. The program code is available for inspection.
- EASY TO USE. Most blockchain lotteries have difficult interfaces. While designing Fire Lotto, we made sure that it would be easy to use even for those with only basic computer skills. We have developed an unique one-click buying mechanism which is fast, convenient and secure.
HOW IT WORKS
- 0.003 ETH (~2 USD) Player purchases a ticket.
- 1 120 ETH (more than 1 000 000 USD). The prize pool is funded by ticket sales and a guaranteed fund.
- Payouts. Winnings are automatically transferred to the winners’ cryptocurrency wallets.
- Q1-Q2 2017 ~Research and Development
- November 2017~ A closed round of sales
- 1st January 2018~ Fire Lotto LAUNCH
- Early January 2018~ Token pre-Sales
- Late January 2018~ Advertising Campaign Kick-Off
- March 2018~ Advertising Campaign Runs
- End of March 2018~ Token Sales
- May 2018~ FLOT listing on exchanges
- PRE-SALE~ At the pre-sale stage, Fire Lotto tokens (FLOT) will be sold at a fixed low price.
- INCOME FROM EACH DRAWING~ The token holder will receive a commission from each ticket sold in every drawing. Commission payouts are secured by smart contracts and provide token holders with an almost endless source of income.
- PRICE GROWTH~ The price of Fire Lotto tokens will constantly increase.
DISTRIBUTION OF TOKENS
77% – Investors
20% – Team
3% – Bounty
DISTRIBUTION OF THE PRIZE POOL
70% – Prizes for Players
12% – Advertising Fund
10% – Commission for Token Holders
5% – Technical Costs
3% – Legal
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