Hallo I will introduce to you a completely transparent and fully decentralized platform to organize and raffle using blockchain technology and smart ETH contracts to collect and distribute funds, generate random win rates, and pay commissions on lottery ticket sales to token holders .
The proposed #FIRE Lotto will use a random number (RNG) method, which is safe and fair and prevents manipulation and fraud. This project applies a completely safe RNG method based on the current version of the Bitcoin decentralization protocol.
As Internet penetration and mobile adoption grow, online and mobile lotteries are growing everywhere. Total mobile lottery revenue in 2016 is estimated at 43 billion, while 44% of that amount is generated in Europe and North America. The pace of technology adoption can be even faster in emerging markets.
Justice
Making sure the honesty of the game remains the biggest challenge. The lottery player may question the possibility of manipulation or cheating, for example some of the problems that may occur:
· Are tickets and sweepstakes real?
· Does the money really accumulate in one pool?
· Is RNG really random and safe?
· Is the jackpot winner genuine?
· Are rewards paid on time?
Rules
In some countries the lottery is not legal, and in most other countries only governments and affiliated organizations can obtain a license to operate a commercial lottery business. A corruption scheme that may affect the channeling of funds may occur in different regions.
Availability
It is not easy for internet users from other countries to access some of the biggest sweepstakes in the world, such as EuroMillions or US sweepstakes. Users are restricted to participating in smaller local lots thanks to their smaller national market size, the backwardness of the sweepstakes industry in the country or strict regulations. The latest online news that allows these participants to buy lottery tickets anywhere in the world or in the US has earned a certain reputation, but the cost of its services, as well as the risk of fraud and mismanagement, remains high
Every six hour prize is awarded for each lottery. The numbers are drawn at random with the help of RNG based on blockchain technology (four, five or six digits are taken from the unique code of the last bitcoin block that is mined). After drawing all the raffles, the winnings are transferred directly to the winner's ticket holders thanks to the algorithms included in the smart contract.
Percentage of Distributed Funds
- 70% Rewards fund
- 15% Advertising.
- Commission 10%.
- 5% Technical costs (gas payments for transactions).
Every six hour prize is awarded for each lottery. The numbers are drawn at random with the help of RNG based on blockchain technology (four, five or six digits are taken from the unique code of the last bitcoin block that is mined). After drawing all the raffles, the winnings are transferred directly to the winner's ticket holders thanks to the algorithms included in the smart contract.
DISTRIBUTION AND PAYMENT OF SALES COMMISSIONS
Token Distribution
• 77% of Investors
• Working team of 20%
• 3% Gift Campaign
TEAM
WEB: https://firelotto.io/
WHITEPAPER: https://firelotto.io/whitepaper_en.pdf
TELEGRAM: https://t.me/firelotto
TWITTER: https://twitter.com/FireLottery
FACEBOOK: https://www.facebook.com/firelotto/
Author: lifting
Profile link: https: //bitcointalk.org/index.php? Action = profile; u = 1785676
Eth: 0x14DAEA80662fc2726c6348989bd2eDe94C4a1d79
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