Don't be fooled. This scammers are trying to lure you into completely illegal activities. The SEC has no present rules that address cryptotokens specifically, only securities in general. Crypto-tokens that are securities must comply with the laws for traditional securities. The definition of a security is very broad, but does include (by recent clarification) practically all crytotokens that are not utility tokens that have immediate utility and whose value is not tied to the profits of a company or project. A registering a public offering is what a company does before an Initial Public Offering (IPO). It involves Form S-1, and the creation of a prospectus. The costs of producing the prospectus and registration materials, plus the ongoing reporting obligations, are so expensive, that practically no company executes a registered public offering without also “going public” on a secondary stock exchange such as the NYSE or NASDAQ. Otherwise, the costs greatly exceed the benefits (liquidity and access to capital that the major secondary stock markets provide). So do you really believe, that Fire Lotto that does not have a operating license, that is registered in offshore and operated by Russian criminals will be listed on NYSE or NASDAQ ?? This is another confirmation that this project is organized and orchestrated by criminals.
Now let me introduce you to Fire Lotto Scammers.
1. ket_gav Registered December 12/2017 400 Posts and all of them about Fire Lotto scam promotion.
https://bitcointalksearch.org/user/ketgav-1424614 https://bitcointalksearch.org/user/ketgav-1424614;sa=showPosts
2. Tommy Cash Registered January 15/2018 98 Posts and all of them about Fire Lotto scam promotion.
https://bitcointalksearch.org/user/tommy-cash-1695152 https://bitcointalksearch.org/user/tommy-cash-1695152;sa=showPosts
3. Dmitry Griz Registered January 13/2018 42 Posts and all of them about Fire Lotto scam promotion.
https://bitcointalksearch.org/user/dmitry-griz-1680078 https://bitcointalksearch.org/user/dmitry-griz-1680078;sa=showPosts
4. Deterok018 Registered December 27/2017 251 Posts and all of them about Fire Lotto scam promotion.
https://bitcointalksearch.org/user/deterok018-1528566 https://bitcointalksearch.org/user/deterok018-1528566;sa=showPosts
There are dozens of others. I'm just too lazy to post all of them here. Dear potential investors. As you can clearly see, this project is a obvious scam orchestrated by Russian criminals. I strongly recommend you to stay away from this fraudulent ICO.