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Topic: [ANN] [PRE ICO] 🌈LOTTOKEN IS HERE: FAIR AND TRANSPARENT CONTESTS FOR EVERYONE !! (Read 393 times)

newbie
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The information of your team is not enough to make concequences

What do you mean ? How can we help ?
newbie
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detail coin lottoken ??

Hello, here are the details (they are in our FAQ and whitepaper here: www.lottoken.org )

Pre ICO

We currently in limited duration Pre ICO during which we are offering Lottokens at a special 50% bounty rate


Lottoken token distribution and usage
Lottokens tokens will have multiple users:


Organizers of the contests:

They may seed the contests by contributing  a portion of the winning prize with Lottoken tokens.
They will use the Lotto tokens to pay various fees like random number service fee.

Participants of the contests:

They will use Lottoken tokens for paying participation fees.
They will use Lottoken tokens for buying the tickets in order to contribute to the winning pool.

Developers who will want to build features and contest templates on the platform

Transparency and openness are the core foundations  of the Lottoken service. Therefore Lottoken software will always be opensource letting other developers to contribute. Lottoken will reward developers who fix bugs and add features with the Lottoken tokens.

Developers providing value added services like random number service can collect their fees in Lottoken tokens.

Sponsors : Sponsors are individuals or organizations who would support contests and typically contribute additional lottokens to a contest’s pool proportional to the size of the pool. This is very popular in non-profit fundraising where philanthropic organizations offer matching funds.

Distribution

Here are the current allocation plans for the Lottoken tokens:

Sponsors/Organizers/Participants: 35%

This group of consumers will be able to purchase 50% of this quota of tokens through first round of ICO. There will be other rounds of coin offerings from this quota in future.

Developers: 20%

We believe that the developer community will be crucial to making the Lottoken service work for variety of needs ranging from visa lottery, school admission lottery to organ donor lottery. Hence we want to heavily incentivize the developers to enhance our platform.

Internal Lottoken: 45%

This quota of tokens can be used for platform development, future applications or testing purpose.
This will also be used pay variety of fees and costs to make Lottoken platform run smoothly for its consumers

ICO Plans

Detailed ICO plans are in a different document and webpage.

The terms of the ICO are:
Number of Lottoken tokens offered is not fixed.
Method of offering : Fixed price at 0.01 ether per token face value
Fractional quantity of Lottoken can not be bought in ICO but can be later on purchased/sold on exchanges
Number of Lottoken tokens sold will determine total Lottoken token supply.
Number of Lottoken tokens sold in this ICO is 50% of the quota allocated for
Sponsors/Organizers/Participants
If 35.000,000 Lottokens get sold, total Lottoken supply will be 35,000,000 * (1/.5) * (1/.35) = 200,000,000

Please don’t hesitate to let us know if you have any questions .


member
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The information of your team is not enough to make concequences
sr. member
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newbie
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WELCOME TO LOTTOKEN (LOTTOKEN.ORG)

Website with Whitepaper + Founder bios : www.lottoken.org
Telegram channel: https://t.me/lottoken

Ever participated in a lottery, raffle, contest and did not win ? You’re not the only one. Most of us have never won anything either. But if you’d like to win then engage with us on this thread because we are distributing our tokens: Lottokens, which will let you take advantage of our platform in organizing, participating and contributing to world's most secure, trustworthy and transparent contests.

WHAT IS LOTTOKEN PLATFORM?
Lottoken platform aims to enable organizers to hold truly secure, trustworthy and transparent contests which can include raffles and lotteries. We hope to disrupt $275B global contests markets which include different types of raffles, lotteries and contests.

Lottoken's use case is the perfect application of blockchains and smart contracts. Being decentralized means there is no central point of trust failure. Also being on Ethereum, a global blockchain, Lottoken platform allows organizers to reach a global audience.

Patent-pending technology innovations from us will make contests on the Lottoken Platform completely fair

WHY IS LOTTOKEN DIFFERENT FROM OTHER TOKENS?

Contests like lottery or raffle by nature lend themselves automatically to usage of tokens. If you go to a typical arcade, most of the times you do not go and play each game with fiat money but you use some kind of pre-loaded card or tokens. Same concept applies in a Lottoken contest. Hence issuing tokens is integral to our solution offering rather than just a vehicle for fund-raising.
 
WHO OWNS LOTTOKEN PLATFORM?

We are a USA based company with roots in Silicon Valley and incorporated in the Delaware state of USA. We own the Lottoken platform as in we have responsibility to drive innovation and maintain quality of the Lottoken platform. Other than that we strive to keep the Lottoken platform open.

Individual organizers of the contests within the Lottoken platform are completely responsible for the contests they are driving and they have full autonomy in the type of contests they organize.

WHERE ARE YOU BASED?

We are a USA based company with roots in Silicon Valley and incorporated in the Delaware state of USA. Both of our founders are field proven with established track records in the technology industry.

HOW TO GET INVOLVED?
We will start our ico in couple of weeks. Meanwhile you can do early enrollment in pre-ICO through our pre-ICO webpage : http://lottoken.org/pre-ico
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