FireLotto ICO starts today. 100 million FLOT tokens will be available to users during the sale process. 20% of the tokens are reserved for the core development team, while bounty program participants will receive the remaining 3%.
What is FireLotto?
As the world’s first cryptocurrency lottery since its launch Operating FireLotto is built on the innovatively crafted Fair Play principle protected on the Blockchain.. The platform, which is expected to revolutionize the gambling industry, is different from most ICOs because it has a product already released.
Also, built on the Ethereum Blockchain, this platform uses Bitcoin’s decentralized protocol for fair play practice. Very easy to use lottery using a secure random number generator (RGN). With one click, you can play a fast and reliable game quickly.
At the same time, FireLotto has started SAFT (Simple Agreement for Future Tokens) settlement.. According to this agreement, FireLotto’s ICO documents are documented by the SEC. Thus, US investors’ 1. opens the door for them to participate in the pre-sale offer that will guarantee a 15% discount of the day. So, for the first time in almost 15 years, American investors will have the opportunity to become a part of the online gaming industry, thus becoming investors in FireLotto and eventually joining the prize pool of online lottery games.
How does the platform work
FireLotto will offer four types of lotteries; 4/20, 5/36, 6/45 and Roger’s Wheel. Collectively, these make up FireLotto, which will use Ethereum smart contracts to run the lottery, collect and distribute funds, randomly draw the winning ticket, and pay the sales commission on lottery ticket sales to token holders.
As the name suggests, 4/ Distributes 20 lottery prize pools to players who match up to 4 numbers. In this lottery, participants who manage to match between three and four lottery numbers get 66% of the total prize pool (33% for each group), while players on two numbers get 34% of the cake. The 5/36 lottery matches numbers 2 to 5 with 25% stakes in the prize pool, while the 6/45 lottery pays out 2 to 6 participants with each level up to 20%.
On the other hand, Roger’s Wheel is an instant lottery that combines the gameplay of a slot machine and a traditional wheel of fortune.. Here, players place bets ranging from $2 to $1,000 (Approx. 0.003 and 1 ETH). These bets give players the chance to choose payouts ranging from 2 to 20, which are multipliers of players’ winnings.. Next, players need to go to Wheel of Fortune, which has 21 episodes. If the player stops at the chosen rate, the reward is distributed by multiplying the selected rate.
FLOT sale details
The sale event starts today with 100 million tokens created for investors. The reward for each token will be $0.70 with a series of bonuses during the sale; During open purchases, the price will drop to $0.50 and $0.38.
Tokens will be returned to investors’ wallets one week after the ICO closes.
For more information on ICO, please visit the website visit the site. Interested people can read the whitepaper or ask further questions to the FireLotto community admins on the Telegram channel.
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