80% of ICOs are not backed up by any product prototype.
Fire Lotto is a finished product that has already been launched.
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.
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 an unique one-click buying mechanism which is fast, convenient, and secure.
At the pre-sale stage, Fire Lotto tokens will be sold at a fixed low price.
The token holder will receive 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 price of Fire Lotto tokens will constantly increase.
A total of 100 000 000 tokens will be issued.
The initial price will be USD 0.5.
For the participants in the bonus program, the minimum price per token will be USD 0.4.
Fire Lotto tokens will be offered at a price of 0.38 USD per token.
For the participants in the bonus program, the minimum price per token will be USD 0.3.
Funds raised in the closed round will be used to generate a minimum prize pool of USD 1,150,000 and finance an advertising campaign for the ICO.
Prize pool generation:.
|Lottery type||Prize pool, USD||Price per ticket, USD|
|1. The 4/20 lottery||10 000||2|
|2. The 5/36 lottery||100 000||2|
|3. The 6/45 lottery||1 000 000||2|
|4. Roger’s Wheel||40 000||2-1000|
|1 150 000|
Unlike other ICOs, our ICO will follow the launch of the lottery rather than precede it.
We plan to launch the lottery starting from January 1, 2018, but you can already try its beta version.
The lottery will be launched with a minimum prize pool of USD 1 million.
On the day when the lottery is launched, we will publish its source code on Github for inspection.
The lottery will be launched in the operating mode, which means that users will be able to enjoy all its features, play and win.
The moment when the lottery is launched, transfers will be automatically made within the smart contract to the wallet responsible for collecting dividends and paying them to token holders.
If we raise an insufficient amount of funds in the closed round, we will launch an open pre-ICO round with tokens sold for 0.3 USD per token.
The open presale round will start on December 25, 2017 and close on January 15, 2018.
The ICO round will start on February 25, 2018 and close on March 15, 2018.
When the ICO opens, investors will be surprised to see not only a finished product, but also: 1) a huge prize pool that can be won; 2) dividend distribution among token holders in real-time mode.
This system is going to be implemented for the first time ever and it will become a distinctive feature of this project.
Within one week when the ICO closes, tokens will be transferred to the wallets of investors.
Since the launch of the lottery, 10% of the funds raised in tickets sales will be transferred under the smart contract toa special crypto wallet responsible for commission pay outs.
The first distribution of collected commission among token holders will take place on the second day after the ICO closes.
Commission will be paid in ETH to all token holders.
Afterwards, lottery tickets sales commission will be paid within 30 minutes after each lottery drawing.
Our tokens will be listed within one month from the end of the ICO period.
Fire Lotto tokens will be listed on one or two Top 10 exchanges, one or two Top 20 exchanges, two or three Top 30 exchanges, and EtherDelta, a decentralized exchange.
The amount of money is not limited.
Tokens will be sold at a price of 0.25 USD per token.
Funds will be converted to ETH by the lottery organizers at a current exchange rate between ETH and the currency which the participant uses for making payments.
This means that participants will not have to lose more than 7% when buying cryptocurrency and monitor the constantly growing exchange rate for Ethereum.
The tokens which have not been distributed will be frozen for one year.
They will later be sold to investors.
Token prices are influenced by a lot of different factors, including political and economic ones.
We can compare our product with TrueFlip, an online lottery which is already operating.
If you look at the diagram below, you will see that the average price of the TFL coin (True Flip lottery) is about USD 1 (USD 1.05 as of October 20, 2017).
We believe that the price of the Fire Lotto token will exceed USD 1.
Senior Legal Counsel for the Russian Federation, Compliance Officer for the Russian Federation, Central Asia and Caucasus Countries at GROHE.
Has more than 17 years of experience in law.
Provides full legal support to Russian subsidiaries of foreign companies (Wella, Peugeot, Knauf Insulation).
An expert in gambling games theory, game protection and risk management.
15 years of experience in casino surveillance and security.
The developer of game control and analysis methods.
Author of training programs for casino personnel.
Diploma in Engineering from State University of Aerospace Technologies and Diploma in Economics from Financial University under Government of the Russian Federation.
Director of Career Management and Adjunct Professor Master of Quantitative Finance at Rutgers Business School.
Finance Industry veteran with a 30 years of expertise focusing on Indexing and ETFs.
Ronnee worked at such companies as Dow Jones, Bloomberg, Markit, FTSE Russell.
Owner of RAA Consulting Services.
Produced such projects as CryptoSharkClub, CryptoSharkParty, Hakathon FutureTech and Blockchain award "Results of the Year ".
PR and marketing communications specialist, producer.
Graduated from Saint-Petersburg state university (faculty of sociology) and National Research University «The Higher School of Economics» (faculty of marketing).
Worked in external communications departments of the biggest Russian companies: Rosneft and MMK.
Robert Matuk Strategy & Marketing - iGaming, eSports & Freemium Games.
North American iGaming Group Ltd.
Andrew is a growth hacker/influencer with two equity exits.
He is a Stanford University Startx Alumni.
He has over 250 million followers across Instagram and Facebook.
He is an Advisor to Science-Inc Blockchain (Dollar Shave Club) and DNA Fund
He has worked with over 15 ICO’s, that collectively have raised over 1 billion dollars.
Over the past year alone, Andrew has generated 1B+ impressions, 18M communities, and 3M app downloads.
With over 25 years of experience in finance and asset management, LDJ Capital’s extended network of funds of funds and hedge funds manages 1.5 trillion USD in assets.
David’s vast knowledge of the digital asset class, broad network, and sterling reputation make him a perfect fit to lead Fire Lotto’s top-tier advisory board.
David has spent years serving as a bridge between capital and premiere brands, leading LDJ Capital Special Situation’s investments in Alibaba and Palantir, and organizing over 1100 industry-leading events sponsored by NYSE, KKR, and the Carlyle Group, to name a few.
We are going to spend 15% of the price pool for each drawing on marketing.
When a player whom you have helped us to attract buys Fire Lotto tickets, you will get up to 15% of their price.