We managed to create something unique - an absolutely transparent, completely decentralized platform for the organization and holding of the lottery, using ECH technology for blocking and smart contracting for collecting, distributing funds and randomly identifying winning numbers, as well as charging commissions to the holders of the tokens.
The prize fund of the lottery is generated by the deduction of 70% of the funds raised from the sale of tickets. The minimum size of the guaranteed jackpot is fixed, for lottery 6 of 45 it is 1000 ETH (about 1 million US dollars). If during the run, none of the players have won the main prize, then its amount increases and is transferred to the next lottery. The jackpot will grow until it finds its winner.
HOW WORKS LOCK BLOCKCHAIN
The lottery prize fund of Fire Lotto is made up of 70% of the funds collected from ticket sales. The minimum guaranteed jackpot size is fixed-1000 ETH (~ USD 1,000,000) for the 6/45 draw. If no one wins the grand prize in the sweepstakes, it will be transferred to the next and increasing lottery. The pot will continue to grow until it finds the winner.
There are drawings every six hours in each lottery. The numbers are randomly scrambled with the help of RNG based on the block chain (four, five or six digits are taken from the unique code of the last extracted bitcoin block). Once all draws are drawn, the victory will automatically be transferred to the winning ticket owner through an algorithm incorporated in the smart contract.
There will be five prize categories with different prizes depending on the player's accuracy predicting the lottery amount. All categories starting from 2 will be counted as a percentage of the total prize. If multiple winners win a pot in the lottery, it will be shared among them.
Roger's Wheel attic lottery:
It is a blend of traditional luck wheels and slot machines. In this game, players can place bets ranging from 0.003 ETH (~ USD 2.00) to 1 ETH (~ USD 1,000.00) [*] and select a payment rate of 2 to 20, which will be used to double your winnings. Then players spin the wheel divided into 21 sectors with different payment rates. If the wheel is stopped at a speed chosen by the player, he will instantly gain victory (bet multiplied by the payment rate) transferred to your crypto-currency purse. Players can play unlimited number of wheels in the game, which reduces waiting times and increases the number of tickets purchased by players. The wheels rotate for 20-30 seconds. Game randomness is guaranteed by RNG based on the ETH block chain. Your description will be given later in the text. On average, 5-6% of the bet value placed is maintained by the system.
Why will they play it?
- The initial guaranteed prize pool is more than 1.1 million US dollars.
- Accumulation of the prize pool can reach multi-million dollar values.
- Deductions to the prize fund a record 70% of all collected funds from ticket sales.
- Winning numbers, like the lottery tickets themselves, can not be faked.
- The distribution of the collected funds and their payment are fully transparent and guaranteed by a smart contract.
- The lottery is completely built on the basis of the ETH blockade. All the claimed lottery work parameters laid down in the program code are open and will be available for inspection.
- This lottery can not be forbidden. To play it you only need a crypto and Internet.
- Intuitive and easy to use interface. A one-touch game. Mobile version.
- The cost of one lottery ticket at the start of the platform's launch has remained unchanged and habitual for millions of players around the world - $ 2. Page 10 10
- The lottery Fire Lotto excluded the possibility of fraud.
- The Fire Lotto lottery is absolutely anonymous.
- Winning of any size is charged almost instantly.
- The prize is not taxed.
- The decentralized lottery platform provides its autonomous and independent existence as long as there is excitement, the Internet and crypto currency.
- Payment of commissions is guaranteed by a smart contract and is practically an eternal source of income for Fire Lotto token holders.
- The cost of tokens will constantly grow.
Pre-ICO: 15.01.18-15.02.18
ICO: 15.03.18-15.04.18
Price of the token on the ICO: 1 token = 0.5 $
COST AND PAYMENT OF THE COMMISSION
From each Fire Ticket token sales holder is guaranteed to get 10% of that amount. The distribution of commissions accrued within the framework of the intelligent contract after the circulation and is not dependent on the results of the circulation. The token holder will receive a commission of 1.6 US cents from each circulation sold 16 million tickets, which is more than 20% per annum of the funds invested in the Fire Lotto token. Taking into account that over 150 billion lottery tickets worth 2 US dollars are sold annually in the world, the profitability of the Fire Lotto token can exceed 50% per annum in the first year of the lottery.
Results in USD on commission (10%)
- 32.000.000 - Revenue from 16 million tickets sold per year
- 3,200,000 - 10% - the number of commissions held
- 0.032 - Revenue per cent by one security key
Note: The Russian Federation Finance Ministry claims that by 2016, only 67,000,000 lottery tickets have sold 6 out of 45 lotteries only. Our draw will be available in all countries of the world. The annual turnover of the world lottery market is more than 300 billion US dollars. Thus, you can sell up to 100 million lottery tickets worldwide in one year! With such indicators, the token results will increase by more than 12 times.
Do not forget Roger's quick raffle wheel, which is basically a game process is a game slot device with a 10% retention of the number of bets made. Profitability gaming machine quickly and quickly won hard to be underestimated.
It is also worth considering the token value-added exchange rate as a promotion and promotion of Fire Lotto. Upon expiration of the ICO and commencement of commission payments, 1 token costs at least $ 1 US dollars for crypto exchange.
For more information :
Author : catur123
Profile Links : https://bitcointalk.org/index.php?action=profile;u=1752399
Eth : 0x6b85eA6ed28A887798D75DE9c4Db61479422C9E9
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