Is it a good choice for such a project? recently was a firelotto they as I know, too, were more lucky and similar subjects how do you think you can excel at this?
Hello
assasin21rus!
Thank you for the good question! Here is how we feel about the matter:
Firelotto are indeed our competitor, but we don't think they can compare to us at all. For a start they
take a large cut of every ticket for themselves
meaning smaller returns for investors.
In addition, there is every chance that
Firelotto steals your dividends and winnings which they can easily do
because they are completely centralized meaning that you have to trust them with everything, unlike with Etheraffle.
They also
don't publish their smart contracts meaning you are at risk from a
Firelotto exit scam & them running away with all your money.
Their token
doesn't pass the Howie test and so will be viewed as a security when the time comes, and so
possibly illegal.
Their company representatives didn't know the URL to their own Github when we met them, and then later thought that showing us some javascript was the same thing as them showing their smart-contracts. If you read their ANN thread you will notice worrying concerns about their leadership and
past scams they have been involved in, as well as them
failing to pay out winner's prizes in a timely fashion, if at all. Our raffles are automatic, unlike Firelotto, meaning you withdraw your winnings whenever you want!
And worst of all, it seems like Firelotto are driven purely by greed since they take 10% for themselves and give nothing to charity! Our goal is to give as much to charity as possible! So we take 0% for ourselves!
In fact, we compared ourselves to a few other blockchain lotteries too and this was the result:
