The team behind FIRELOTTO are looking to bring lottery to the 21st century and innovate its purpose and place in the lottery industry.
It is a modern lottery which pays out winnings in Ethereum and is really easy to understand because it runs just as traditional lotteries.
Their concept is simple. 70% of collected funds from ticket sales will be allocated to the prize pool and the initial guaranteed prize pool is over USD 1 million.
The primary objective of the project is to create a fair international lottery with a large prize pool and fast payment for winnings.
If nobody wins the main prize in a drawing, it will be increased and rolled over to the next drawing. The jackpot will keep growing until it finds its winner. Distribution and payout procedures are transparent and supported by smart contracts. Not to mention the fact that thanks to Blockchain, winnings of any size are paid out almost instantly.
The research and development was started Q1 2017 and the product has been launched on the 1st of January 2018.
This is especially interesting, because 80% percent of ICOs are not backed by any product prototype.
Fire Lotto is a finished product that has already been launched and has a truly transparent algorithm that makes it attractive to lottery players.
The time to act is now, the team has just initiated the Token pre-Sales campaign and the Token Sales are going to start at the end of March. During January and February, the team will do a massive advertising campaign, so you need to pre-order those tokens before they run out.
Token name and ticker symbol: FLOT
You can download their Whitepaper from the following link: https://firelotto.io/whitepaper_en.pdf
More details about FIRELOTTO
Company structure (profit / non profit)
Github code repository
BitcoinTalk announcement link
Facebook product page
Telegram channel or chat room link
Youtube channel link
Token sale terms
Top 20 facts about Fire Lotto:
100% decentralized lottery platform. Everything is built on ETH smart contracts.
Starting from 4 popular lottery games.
Minimum loosing combinations = real chances to win Jack Pot.
70% of tickets sales go to Jack Pot.
Winnings are paid out automatically after each draw.
Lottery ticket starting price – 2 USD.
Ability to add more popular lottery games.
Play Fire Lotto from any device without an app.
Play in one click.
Payments are d totally secured and made in one click.
Transparent referral program. Join us and get up to 15% cashback for each ticket sold.
10% commission payments to FLOT token holders provide an endless source of crypto income.
The prize pool can grow up millions and millions of dollars.
Random number generator is based on BTC blockchain.
Neither winning numbers nor lottery tickets can be faked.
No hidden charges, taxes and etc.
Fire Lotto platform cannot be shut down or effected anyway.
The Fire Lotto is totally anonymous.
GitHub open code.
The first internet community owned lottery.
How does Fire Lotto work?
You can choose instant or draw lottery.
Instant lottery Roger’s wheel has a fortune wheel with 21 numbers. It offers bets from 0,007 ETH with coefficient from 2 to 20. If you guess the right number, then you’ll receive your bet multiplied by chosen coefficient.
There are 3 types of draw lottery: 4 of 20, 5 of 36, 6 of 45. You pick one, buy a ticket and mark numbers. Lotteries are held every 6 hours. Your winnings are based on amount of numbers that you’ve guessed.
Why Fire Lotto is the most honest lottery?
• Winning number are chosen by RNG based on blockchain technology Bitcoin, so they are impossible to fake.
• All lottery parameters are in open source. They are accessible and fully transparent 24/7.
• Complete anonymity and safety. No taxes!
• Decentralized platform provides full autonomy and independence.
• Record payments to prize pool – 70% from all raised funds.
Try Fire Lotto right now!
• Minimum price of a lottery ticket is about $2
• Mobile and PC versions
• User-friendly interface
• Instant winnings payout
• You need only crypto wallet and Internet access to play
Fire Lotto is a perfect investment!
• More sold tickets – more commission payments for investors
• Exchange rate of FLOT token is rising (examples of similar projects)
The voting results of Login Casino Awards become inaccessible for viewing
December 3, the voting results become inaccessible for public view. Nevertheless, readers are still able to vote for those contestants whom they consider the best.
Over the past seven weeks, since October 22, our readers have been supporting their favorite betting companies as well as the representatives of betting and gambling industry.
Starting from today and up to December 10 inclusive the process of voting will be held in a closed format. Hurry up and vote for the industry leaders!
This year Login Casino Awards includes one more category – Login Casino Gambling Awards. Therefore, the traditional list of nominees from the betting sector expended by the online casino software developers and suppliers.
The current leaders in the category Login Casino Betting Awards are:
- Best Betting Company 2018 – BC Olimp;
- Person of the Year – Nikolay Oganezov;
- Best Marketing Campaign – BC Betcity.
The list of those nominated for Login Casino Gambling Awards is headed by:
- Best Slot Developer – Platipus Limited;
- Best Thematic Slot – Tom Horn;
- Innovator of the Year – Slotegrator.
The participants include the leading betting companies, such as bwin and BingoBoom, as well as software developers – Endorphina, Habanero, etc.
The live webcast of the ceremony of awarding the winners will take place on December 19 at 15:00 MSK here.
Leadership tussle in Login Casino Awards continues!
For the second year in a row, the online magazine Login Casino invites everyone to take part in the Login Casino Awards voting.
The goal of the event is to identify those candidates who, according to the readership, are the most outstanding representative of the betting and gambling industry, and whose contribution in 2018 was the most significant for the sector.
“Login Casino Awards is aimed at providing everyone with opportunity to choose the best representatives of the gambling market. We are interested in the readers’ opinion. This year we have divided the event into two directions to make the voting process more convenient as well as expanded the list of nominations. We hope that holding the award ceremony will become our annual tradition”, said Login Casino representatives.
World leading online casino gambling software developers will be nominated for Best Thematic Slot. This list includes Habanero, Tom Horn, Endorphina and many more. The portfolio of innovative slot games developed by these companies is updated on a regular basis. The developers create high-quality products based on the clients’ wishes and needs. This approach enables them to become a model for many other developers. As of now, according to the current results of the voting, the leader in this nomination is Red Rake and their latest development Judges Rule the Show.
The category Best Marketing Campaign includes those betting companies which provided their players with unique promotional activities and draw games. The list of nominees includes BC Olimp, bwin and other companies that managed to create a really pleasant surprise for their bettors. Besides, all of the participants of the regulated Russian betting market are also the sponsors of different sports organizations, clubs and hold charity events. According to the number of votes, the current leader in this nomination is BC Betcity and their promotion Cashback for Unsuccessful Bets.
But these results are not final. The race to become the best is still continuing! Readers are actively voting for their favorites. The voting will run until December 10, do not hesitate and join!
Could UK Government Policy Threaten Online Betting Promos?
Most observers would agree that the UK political class is pursuing a dialogue on the very nature of the gambling industry. The headline issue is, of course, fixed-odds betting terminals (FOBT’s), which have been the focus of a huge campaign. This week the UK Chancellor, Phillip Hammond, announced that the maximum stake in these gaming machines will be cut dramatically starting in October 2019. The move has cross-party support, and even the gambling industry has been vocally supportive, knowing that it at least makes sense from a PR perspective to seem concerned about the issue.
However, FOBT’s are not the only issue being discussed about the industry in the UK, with some changes perhaps having a big impact on punters. Advertising has come under scrutiny recently, with an almost saturated feel to the volume of sports betting adverts played on television during events like Premier League games. Sky, the UK’s dominant figure in sports broadcasting, has agreed to ‘regulate itself’ and limit the number of betting adverts beginning at the start of the 2019 Premier League season.
The move by Sky, while seemingly commendable as they will lose out on a chunk of the estimated £460 million gambling companies spend on advertising in the UK, is also indicative of the fact that the landscape is changing. The Labour Party, in particular, has signalled that they will try to put curbs on many aspects of the industry should they win the next election. For example, Labour deputy leader, Tom Watson, has called for a ban on funding accounts with credit cards and any advertising during live sports events.
However, one area that will be keenly watched by casino players and bettors is that of promotions. Incentives like free bets, price boosts, reload bonuses and the rest are the “carrot” that usually acts as a tipping point to encourage a player to join a new site, but they are certainly not the only reason why people bet. If a Government decides that promotions force people to bet, rather than supplement a decision that has already been made, could they too be in the firing line as the UK authorities try to further regulate the industry?
Free bets offers popular with punters
One would argue that would come to the detriment of the customer, rather than the industry. Consider how a punter might want to bet with William Hill on Real Madrid at 12/1 to win the Champions League, or the Boston Celtics at 7/1 with Bet365 to win the NBA Championships; they could check a list of free bet no deposit 2018 offers and potentially make their bet for free. Is it fair to take away those incentives from the customer?
There is a fine line between the idea of a promotion and the “bet now!” command that is being looked at by the Advertising Standards Agency, but it’s hard to know where that line will be drawn in the future. Punters would be irate to learn that they can’t, for example, go to a bookie and find an incentive like a price boost on the current odds of 12/1 for Chelsea to win the Premier League.
In the end though, money usually settles these matters. While the UK Government has made moves on FOBTs, it was slow-acting because bookmaker shops were keen to point out that those betting terminals equate to jobs. 2017/18 was estimated to have raised £2.8 billion in gaming tax receipts for the UK Exchequer. The Government will be loath to jeopardise that income. The point is: if the bookies can make their case, those promos will be here to stay.
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