[FIRELOTTO.IO]

Modernization of the Game Industry

Lottrery Community, on this good occasion I will discuss about Project FireLotto and here is the Explanation:

Currently the Raffle Industry has a 29% share of global gambling revenue and faces challenges due to the growth of the digital economy.

The world's demand for more transparent and fairer services has evolved along with the technological advances that enabled such change.

Distributed and decentralized technology blockchain technology offers tremendous opportunities for financial technology innovation, and also, for the modernization of the gaming industry.

A game system built on the use of the Ethereal blockade will operate with a high degree of autonomy, and its data and records are stored cryptographically in a decentralized public blockchain. Available online and seamlessly, such systems can overcome some of the traditional lottery challenges.

The proposed lottery will use a random number (RNG) method, which is safe and fair and prevents manipulation and fraud. This project applies a completely safe RNG method based on the current version of the Bitcoin decentralization protocol.

There are pictures every six hours in each lottery. The numbers are drawn randomly with the help of blockchain-based RNGs (four, five, or six digits drawn from the unique code of mined bitcoin blocks). After all the numbers in the lottery have been withdrawn, the win will automatically be transferred to the winning ticket owner via an algorithm built into the smart contract.

DISTRIBUTION AND PAYMENT OF SALES COMMISSIONS

FireLotto token holders are guaranteed to get 10% of the funds collected from ticket sales. Sales commissions are distributed after each and every image based on smart contracts, regardless of the volume of ticket sales. The perken result is 1.60 US cents from every 8 million tickets sold, which is more than 20% per annum of the amount invested in the Fire Lotto token. Given the fact that over 7 billion lottery tickets priced at USD 2.00 are sold globally annually, the profitability of Lotto tokens could exceed 50% per year in the first year.

FAQs

1. How many tokens will be sold and how will they be distributed?

A total of 100 million Fire Lotto tokens will be sold. The distribution of tokens is shown in the diagram below:

2. How much do tokens cost?

During ICO, one token will be sold for USD 0.50. For participants in the bonus program, the minimum price per token is USD 0.40. During pre-ICO, one token will be sold for USD 0.35.

3. How much does a single token cost during a private sales round?

Token FireLotto will be offered at a price of 0.35 USD per token. For special requirements, please contact info@firelotto.com

4. Why do you need a closed loop?

Funds accumulated in a closed round will be used to generate a minimum prize of USD 1,150,000 * and finance an advertising campaign for ICO. * Funding prize fund:

5. How will the project be launched?

Unlike other ICOs, our ICO will follow the launch of the lottery instead of preceding it. This product will be launched on 01 January 2018. A beta version is available for testing today! The lottery will be launched with a minimum prize of USD 1 million.

On the day when the draw was launched, we will publish its source code in Github for review. The lottery will be launched in the operating mode, which means the user will be able to enjoy all the features, games, and triumphs. When the draw is launched, the transfer will be made automatically in the smart contract to the wallet responsible for collecting the sales commission and paying it to the token holder.

§ Pre-ICO will open on January 15, 2018 and closed on February 15, 2018.

§ The ICO will open on March 15, 2018 and close on April 15, 2018.

This means that when the ICO is opened, investors will be surprised to see not only the finished product, but also the large prize pool available to win and the distribution of sales commissions among the token holders in real-time mode. This ICO roadmap will be implemented for the first time, and this will be the hallmark of this project.

6. How to get Fire Lotto token?

Within four days of closing the ICO, the token will be transferred to the participating investor's wallet in all rounds. Token will be transferred to investor accounts in private cabinet and will be available after ICO expires.

7. How will you pay sales commissions?

Since the launch, 10% of the funds collected in ticket sales will be transferred to a smart contract responsible for the distribution of sales commissions. The first distribution of sales commissions collected among holders of tokens will take place on the second day after the ICO is closed. Commission will be paid in ETH to all token holders. After that, the commission will be paid after each lottery.

8. When is the Loto Fire token listed on the cardiac crypto exchange?

Our evidence will be registered within one month from the end of the ICO period.

9. How much money can I invest during a private round?

Unlimited amount of money. Token will be sold at a price of 0.35 USD per token. Funds will be converted to ET by lucky organizers at the current exchange rate between ET and currency used by the participant to make a payment. This means that participants will not lose more than 7% when buying crypourrency or monitor the growing exchange rate for Ethereal.

10. What happens if all tokens are not sold out?

We will freeze the unsold amount for one year. After that, they will be available for investors to buy.