LONDON, April 26, 2018 /PRNewswire/ --
RSN Entertainment Ltd announces the launch of its ICO for
CryptoMillionsLotto. The new, global lotto will offer the highest
crypto jackpots available and remove current barriers afflicting
players' access to international lotteries. The business model is
proven and the company licensed.
(Photo:
https://mma.prnewswire.com/media/682538/RSN_CryptoMillionsLotto.jpg
)
The winning numbers are taken from the German National Lottery,
ensuring total transparency. Jackpots will start at the equivalent
of US$ 20 million rising to
US$ 40 million and will be fully
insured with Lloyd's of London.
With an already operational platform, the ICO has an extremely
short roadmap amounting to days rather than months or years.
25,000,000 CML Tokens will be up for sale, each priced at the
equivalent of US$ 2.50. A further
5,000,000 will be distributed through Reward programmes. Investors
in the crowdsale will receive free, publicly listed shares of RSN
Entertainment's parent company, Ofertas365 Limited, in the ratio
of one share for every 2 to 2.6 CML Tokens purchased.
The ERC-20 tokens are securities, entitling holders to quarterly
dividends representing 15% of gross revenues and verifiable on the
blockchain. They will be listed on crypto exchanges and, like
stocks, will appreciate in value based on the business'
performance. The ICO has been filed with the Securities &
Exchange Commission under Regulation D, so US Accredited Investors
are able to participate.
Unlike every other ICO, CryptoMillionsLotto's team will not
receive any tokens, having already been incentivised with
Ofertas365 shares. Funds raised will be devoted almost entirely to
marketing and rollout of the new lotto.
James Leppard of RSN
Entertainment, stated: "We believe the outdated lotto market is
ready for fundamental change. CryptoMillionsLotto is a
democratising factor. Using a familiar lotto format, it has
potential for borderless, mass appeal, encouraging lotto players to
embrace crypto and play for life changing jackpots.
Our ICO presents cryptocurrency holders with an opportunity to
diversify into a real business with regular dividends as well as a
direct stake in the parent company, which benefits from the profits
of the entire Group."
About RSN Entertainment Ltd
RSN Entertainment Ltd is incorporated in the UK and is a wholly
owned subsidiary of Ofertas365 Limited, also incorporated in the
UK, and listed on the Dutch Caribbean Securities Exchange. The
Group operates AfroMillionsLotto
(http://www.afromillionslotto.com).
For further information, please visit
https://www.cryptomillionslotto.io or contact us on
+44-75780-66616.