Topic: [ANN][ICO] Fire Lotto - International blockchain LOTTERY - page 16. (Read 13518 times)

The incoming commission is split over all tokens that were sold or are held by the team. The tokens that are not sold will be frozen and not accumulate any commission for the first year (until the end of the year? 12 months into next year? From/until what date?). So currently about 20 million flot sold out of a possible 77 million, 3 million flots bounty and 20 million flots for the team. Just say they sell another 7 million flots over the next few weeks until ico end.

Then the total will look like this:
27 million flots sold, 3 million bounty: 30 million flots
Team holds: 20 million flots
Unsold: 50 million flots

Now let's calculate some commission for an average month. We'll take the most recent draw as being representative of an average day.
4x20: 97 tickets, 5x36: 96 tickets, 6x45: 165 tickets = 358 tickets sold
On average about 30 days in a month and an average ticket price of USD 2.
358 * 30 = 10,740 tickets sold in the month * USD2 = USD 21,480
Commission 10% of ticket sales.
USD 21,480 * 10% = USD 2,148

The unsold tokens do not share in the commission (yet) but will be unfrozen/sold after the year is over.
So commission per token = USD 2,148 / 50,000,000 tokens = USD 0.00004296
So per 1000 tokens = USD 0.04296

Cost to collect commission is playing in the lottery once at a cost of USD 2 (adding $0.20 to the commission), which seems a bit steep.

In this scenario the team holds 40% of the total tokens that share in the commission (20m out of 50m) and after the year is over they will hold (and be allowed to sell) 70% of all tokens (70m out of 100m), seriously diluting the share in commission.

In the worst case scenario they stop developing the website and leave it hanging like they did in CashPokerPro, just walking off with the investments to date. Best case scenario: the website gets successful and the investors do well, the team gets filthy rich.

Dear commutiny! You can see these scammers. Please be careful. They had black PR attack on other projects and remember ADMINS NEVER WRITE YOU FIRST!

True will win these liars!

This is kind of what happened to me in the Telegram chat, I asked questions, got no answers. Then some admin thanked me for my input at the same time as kicking me out of the chat, then they told the chat that they were "working" with me privately to improve the white paper. What really happened was that I was made an offer to correct some mistakes in the white paper (in flot) and when I replied to that I was just left hanging and nobody contacted me again.

So what would I have to gain by giving my email address to you in private? The questions I am asking are simple, general questions that more people would like answers to.

So once again, ever so politely:
- Please provide evidence that Ronnee Ades is a current advisor to FireLotto
- Please provide evidence that Robert Matuk is a current advisor to FireLotto
- Please provide evidence that an application has been made with the Isle of Man Gaming commission for a license

Ok, so I watched the video.

What will happen to all unsold tokens after ICO?
All the unsold tokens will be frozen for a year with no commission if we don't achieve hardcap.

What exactly does commission have to do with tokens? I was of the understanding that the commission was based on the number of tickets sold on the lottery.

Nobody is going to copy you, wanna make a bet? It doesn't matter whether you publish it now or in a few weeks. It's an essential part of your whole business that investors now can't have a look at. It's bad for you guys and for everyone who invests straight into the dark.

Well.. she speaks perfect English and is very convincing...  Did you hire her for 20 bucks? 

New video with popular questions and answers about FireLotto - international blockchain crypto lottery .

https://youtu.be/dJ687hWrRXo

Why is it necessary for anyone to send you their private information for the answers? Just post the answers on this forum so that we can all see. You are always asking for some proof that we are investors before you answer questions. I posted proof that I am an investor and you have still not answered any of my questions.

Send your email you used to invest and we will pm you answers

Ya, I don't know all the details about that project but I can see it never went anywhere and all the investors were left hanging. Same people on this Fire Lotto project and it isn't looking good.

They did this already with cashpokerpro project.

Is there an airdrop on airdrop project?

Hey, thanks. Like I said in earlier post, I am not up on how to read codes and all that other mumbo-jumbo. However, I am a trades person and deal with customers every day and one of the main things in running a successful business is 'good customer relations'. So far, Fire Lotto lacks anything close to that. Yes, it does seem like you are talking to a brick wall when dealing with some of the spokespersons here on this thread. There is a thing called problem-solving and none of that appears to be happening here. They are offering nothing to alleviate the distrust.

Someone else said that it would be ridiculous for Fire Lotto, to run with the money when they have an already (apparently) successful source of money coming in. Who knows? Yup, keep the fingers crossed.

Dear flagpole/flaggin,

Apparently you don't accept direct messages from newbies... I meant to send you the following:

Talking to the FL crew seems almost pointless, sometimes I'm convinced that they're a scam and then they do something positive (like update the RNG) that gives me a little hope.

I still hope they're just a little incompetent, rather than malicious.

Fingers crossed, buddy!

flots
(c)
A.M.

Ket-Gav, read my posts from the beginning. There are not that many. I started posting here as the polite investor who was added to the 'scammer team' list after asking a few questions.

No offense, but I don't find it easy to understand what you mean.

Anyway, now that you are online and clearly quite quick to reply (which is much appreciated!), could you please answer the following questions?

- Please provide evidence that Ronnee Ades is a current advisor to FireLotto
- Please provide evidence that Robert Matuk is a current advisor to FireLotto
- Please provide evidence that an application has been made with the Isle of Man Gaming commission for a license

And please don't change the subject again (it's getting a bit predictable).

Many polite thanks,

A concerned investor.

And yet, you can not or will not explain why you post fictitious names to the 'scammer team' list. As an investor, I want to know that I am investing in truth and not lies. Why can't you answer the question about the false names? A simple search of those two names, show they do not exist. So why do you post them?

This is such a minor lie on your part; how then am I to not believe the larger accusations being made against Fire Lotto?

Just because I am an investor does not mean I won't question what I see as being false information. I don't care to be represented by liars.

I posted a picture of proof of my investment but there is no response to that because you can see that it is not faked and therefore you are wrong for listing me as a scammer.

If I were trying to garner trust, I would admit, yes, ok', we can see that this person is indeed an investor. Yes, ok', those two names on the list are not real, we made them up, a search shows that they do not exist.

You simply will not address this but rather continue to believe I am a scammer.

If and when my commission is received in investor account, then great. If it is not, then, I lost money and was right to call Fire Lotto a scam. But if you are not a scam, you still handle this thread very poorly.

And no, I don't want your money and I am not asking for my money back either as I know that won't likely happen.

All. I want is to know where you came up with the names, 'Circle and flagpole'? Is that asking too much?

I`m not crazy! We banned in telegram only advertising, links to other projects, rudeness and insults, fraudsters who are trying to breed the participants on the money! No need to lie that we are blocking honest and polite investors for just asking a couple of questions!

You can prove that you invested USD 1000? After ICO you can sell them on the exchange if you have so causeless negativity to the project which you was invested!

You are crazy, I got thrown out myself and personally know 3 other people who were thrown out of the Telegram chat and there's several more here.

Are you even an official admin?

Paid by whom??? I wish I got paid for this, that way I would at least recoup some of my USD 1000 investment in your soon to be worthless flots.

What are you trying to prove? That you're not scammer? or that you are the investor? You account was made only for blackPR of Fire Lotto project- this is proof! Our investors don`t write such stupid things