CYPRUS, Turkey, Feb. 19,
2018 /PRNewswire/ -- FireLotto, the world's first
decentralised lottery built on the Ethereum blockchain brings
changes and transparency to the industry.
Fire Lotto launched on the 1st of January and has revolutionised
the lottery gaming by utilizing blockchain technology, in
particular, the Ethereum blockchain. As this blockchain is
decentralised it allows Fire Lotto to be completely transparent.
Until recently the thought of a decentralised lottery was
impossible; now it has become a reality. Blockchain technology
assists in solving the problem of single server online betting.
Fire Lotto is as simple to play as any traditional lottery,
either on, or offline. However, there has been a question of trust
raised by a number of companies. By utilising the Ethereum protocol
and smart contracts, it is impossible to alter the ticket
information thereby, bringing complete transparency to the
industry. The Fire Lotto team ensure this to be the case, by
allowing all players and potential users to view the backend code,
to prove beyond doubt that the system is fair.
FireLotto, much like any other lottery, works in a very
straightforward manner, with the prize fund created via the
completed ticket sales. Players then guess the number sequence and
wait for the draw. Players can play one of three lottery games at
FireLotto: – the 6/45, 5/36 and the 4/20. The fun doesn't stop
there; they also offer an instant lottery much like a wheel of
fortune. The wheel has 21 numbers. The player simply chooses a
number and places a bet, the minimum being 0.007ETH with a
multiplier of 2 to 20. If the player has chosen the correct
number/s, the return would be increased proportionally, allowing
the chance to win big. The token holder receives 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.
The 6/45 lottery has a minimum jackpot of 3000ETH which is the
equivalent of 1,000,000 USD. As with
the traditional lottery system, if nobody wins then the prize money
it is rolled over, and the next lottery jackpot increased
continuously until a player wins. Fire Lotto Lottery has already
launched in Ethereum test net. You can try and test it. It is as
simple and easy to understand as a traditional lottery.
The Firelotto team had this to say:
"80% of ICOs are not backed up by any product prototype. Fire
Lotto is a finished product that has already been
launched."
Fire Lotto Token Sale
The private pre-sale of tokens ended on the 15th of
January 2018. 77 million FLOT
tokens will be sold during the event to aid in the development of
the platform. The presale runs from the 15th of January 2018 until the 15th of
February 2018. The main sale of
FLOT tokens will run from the 15th of March 2018 until the 15th of April 2018. 100 million tokens are to be
released in total.
For more Information, visit the Fire Lotto website at:
https://firelotto.io
View Fire Lotto Videos:
https://www.youtube.com/channel/UCck2jqpe3MMNc5wRUebLL5A
Find Out About the Token Sale:
https://firelotto.io/agreement.pdf
Keep up to Date on Twitter:
https://twitter.com/FireLottery
Connect with the team: https://t.me/firelotto
Like on Facebook: https://www.facebook.com/firelotto
Fire Lotto is the source of this content. Virtual currency is
not legal tender, is not backed by the government, and accounts and
value balances are not subject to consumer protections. This press
release is for informational purposes only. The information does
not constitute investment advice or an offer to invest.
Related Links
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SOURCE Fire Lotto