Fire Lotto (PreICO) ICO details
Start Date: 2018-1-15
End date: 2018-2-15
- Site: Fire Lotto (PreICO) site
- Twitter: https://twitter.com/FireLottery
- Facebook: https://www.facebook.com/firelotto
- Github: https://github.com/firelotto/firelotto
- Bitcointalk: https://bitcointalk.org/index.php?topic=2579275.msg26269840#msg26269840
- Medium: https://medium.com/@firelotto
- Telegram: https://t.me/firelotto
Fire Lotto – Innovating Truly Fair Play Powered by Blockchain
THE LOTTERY HAS ALREADY BEEN LAUNCHED
80% percent 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 offline lotteries provide for fair play.
As for online lotteries, code audit results show that most blockchain lotteries are either centralized or designed in such a way that their creators hold the right to use the prize pool.
Our lottery is built on the Ethereum blockchain and uses Bitcoin.
The program code is available for inspection.
EASY TO USE
Most blockchain lotteries have difficult interfaces.
While designing our product, we made sure that our lottery would be easy to use even for those with only basic computer skills.
We have developed a unique one-click buying mechanism which is fast, convenient, and secure.
How the block chain Fire Lotto works?
We have built a completely transparent and fully decentralized platform for organizing and conducting a lottery using the blockchain technology and ETH smart contracts for collecting and distributing funds, drawing winning numbers in a random fashion, and paying lottery tickets sales commission to token holders.
The prize pool of the Fire Lotto lottery is formed from 70% of the funds collected from ticket sales. The minimum size of a guaranteed jackpot is fixed—1000 ETH (~ USD 1,000,000) for the 6/45 lottery.[*] If nobody wins the main prize in a drawing, it will be rolled over to the next drawing and increased. The jackpot will keep growing until it finds its winner.
There will be five prize categories with a different prize depending on how accurately the player predicts lottery numbers. All categories starting from 2 will be calculated as percentages of the prize pool. If several winners win the jackpot in one drawing, it will be split between them.
We will offer two types of lotteries: instant lotteries and draw lotteries.
The Roger’s Wheel instant lottery is a mix between the traditional wheel of fortune and a slot machine. In this game, players can place bets ranging from 0,003 ETH (~USD 2.00) to 1 ETH (~USD 1,000.00) [*] and choose a payout rate from 2 to 20, which will be used to multiply their winnings. Next, the player spins the wheel divided into 21 sectors with different payout rates on them. If the wheel stops at the player’s chosen rate, he or she will instantly have the winnings (the bet multiplied by the payout rate) transferred to their cryptocurrency wallet. The player can turn an unlimited number of wheels in one game, which reduces the waiting time and increases the number of tickets bought by the player. The wheel rotates for 20–30 seconds. The randomness of the game is ensured by ETH blockchain-based RNG. Its description will be given later in the text.
On average, 5-6% of the value of bets made is kept by the system.