dudes, any advise? what do you think about the ICO? do you think the minimum cap will be reached?
We think hard cap it`s so far 
Topic: [ANN][ICO] Fire Lotto - International blockchain LOTTERY - page 72. (Read 13520 times)
I now consider several projects, but I'm more inclined to think that this project is the most advantageous from the point of view of the immediate prospects. Considering the income from sales of lottery tickets, hold the tokens every year will bring more and more, then what is the point in their trading there, and that in itself affects the price, as the demand will be constant, this means that the price of the token will continue to grow steadily and quickly.
Yes, it is. After ICO the price will only grow.
Very interesting video review about Fire Lotto, I recommend to everyone!8)
New video with our team member Maria: https://youtu.be/cqU_fNfeLkE
:
https://image.ibb.co/moe8UG/maxresdefault.jpg
: https://image.ibb.co/moe8UG/maxresdefault.jpg
So please wait for audit we will place it in the General access and you will read
When it can be ready to read?Soon, we can not say the exact date yet. follow the news of the project.
So please wait for audit we will place it in the General access and you will read
When it can be ready to read? So please wait for audit we will place it in the General access and you will read
You ask the same questions again and again!
No, but I understand that that may be the view from your perspective.Of course if you are a software developer then don't hesitate to share a link to your GitHub/BitBucket/....
ask us questions on a particular piece of code.
I would love to but I can do nothing with those those two, not full, smart contracts published on Fire Lotto's GitHub.If we deem necessary we will answer it!
Ohh, don't bother yourself, you don't have to answer any questions. Investors hopefully will make their own opinion on that 
.The audit will be made of the smart contract, it`ll place in the General access. So you will read
Audit and final report depends on who bought it (and pay for it). I am sure that you know that that is how the world works so report sponsored by Fire Lotto has minor value. Quote
Fire Lotto token holders will also have sales commission transferred to their
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
Since full sources of smart contracts deployed on Ethereum are kind of secret (even to people that are planning to invest) I would like to ask how payouts of commissions is done?
Let's say that there are hundreds of thousands of investors, draw period is finished and commissions needs to be transferred to investors. How did you protected this operation for out of gas/not enough gas problem?
Since the launch of the lottery, 10% of the funds raised in ticket sales will be transferred to the smart contract responsible for the distribution of sales commission. The first distribution of collected sales commission among token holders will take place after the ICO closes. Commission will be paid in ETH to all token holders with 2 days after tokens distribution. Afterwards, commission will be paid out after each lottery drawing.
Dear ket_gav, if you are not a hardcore Ethereum smart contracts developer would you please stop/suppress yourself from answering smart contracts and software development related questions?
I don't want anybody take your answer as a real answer on my technical questions. I need much more than just quoting what can be found in whitepaper (that I know very well). In that way your answer (quoted above) is not an answer. Thank you
. Of course question remains unanswered, waiting for real, technical answer.
You ask the same questions again and again!
I don't think we have to analyze the code in lines with everyone. If you is an expert on smart contracts, even ask us questions on a particular piece of code. If we deem necessary we will answer it!
The audit will be made of the smart contract, it`ll place in the General access. So you will read
Most of the depositors do not understand the code
Sad but probably true. Maybe they can afford higher risk - I am not. Again regarding to 'secret' sources of smart contracts, please reveal if product is fully decentralized and autonomous product? If not then what kind of external/centralized services it needs to live and if anybody else (in place of Fire Lotto) can support it.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
Most of the depositors do not understand the code (we are going to do an audit of smart contracts from a qualified agency) which will confirm all the stated conditions for the distribution of funds. Until the end of the ICO, we can not. it can be copied and used in a similar project. This will not be fair with respect to developers and current investors.
I agree except that maybe all source code analysis maybe should be done before hitting main net?
If you - after an audit - will discover problems in currently deployed smart contracts - what will you do? Will you deploy new, improved, much more tested versions?? What then with high amounts of ETH kept by current smart contracts?
Quote
Fire Lotto token holders will also have sales commission transferred to their
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
Since full sources of smart contracts deployed on Ethereum are kind of secret (even to people that are planning to invest) I would like to ask how payouts of commissions is done?
Let's say that there are hundreds of thousands of investors, draw period is finished and commissions needs to be transferred to investors. How did you protected this operation for out of gas/not enough gas problem?
What about the other way? Give us sources of all smart contracts and we will take our specialists that will prepare report?
P.S. Please check smart contracts for another similar online lotteries. Do you. see full smart contract code on the GitHub?
I want to be sure that behind Fire Lotto there are premium class Ethereum developers. Especially when we talk about smart contracts that work with high ETH values. No reason to compare you to other, poorly implemented products. You are doing ICO right now and you are responsible for quality of the product. As wrote to you many times, smart contract code you can see on GitHub:https://github.com/firelotto
Thank you, and as I wrote many times, I know those two files very well. It would be much better if you would point me to file name and line number that address my smart contracts related questions. Can you? If you and ket_gave like to send me to GitHub then I hope it is not a problem for you both to show me real line numbers that answers my questions
.Fire Lotto can not place full code till the end of ICO, because somebody like you can steal it and make similar product.
Smart contracts can be stolen from first seconds after being placed on blockchain ... so I don't think that is good explanation. Of course I want to believe that you want to hide something (like possible ordinary mistake with withdrawal pattern). Just for you, please think about firelotto.com like prototype.
Prototype in which people invest serious money... Again regarding to 'secret' sources of smart contracts, please reveal if product is fully decentralized and autonomous product? If not then what kind of external/centralized services it needs to live and if anybody else (in place of Fire Lotto) can support it.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
Most of the depositors do not understand the code (we are going to do an audit of smart contracts from a qualified agency) which will confirm all the stated conditions for the distribution of funds. Until the end of the ICO, we can not. it can be copied and used in a similar project. This will not be fair with respect to developers and current investors.
Quote
Fire Lotto token holders will also have sales commission transferred to their
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
Since full sources of smart contracts deployed on Ethereum are kind of secret (even to people that are planning to invest) I would like to ask how payouts of commissions is done?
Let's say that there are hundreds of thousands of investors, draw period is finished and commissions needs to be transferred to investors. How did you protected this operation for out of gas/not enough gas problem?
Since the launch of the lottery, 10% of the funds raised in ticket sales will be transferred to the smart contract responsible for the distribution of sales commission. The first distribution of collected sales commission among token holders will take place after the ICO closes. Commission will be paid in ETH to all token holders with 2 days after tokens distribution. Afterwards, commission will be paid out after each lottery drawing.
Dear ket_gav, if you are not a hardcore Ethereum smart contracts developer would you please stop/suppress yourself from answering smart contracts and software development related questions?
I don't want anybody take your answer as a real answer on my technical questions. I need much more than just quoting what can be found in whitepaper (that I know very well). In that way your answer (quoted above) is not an answer. Thank you
. Of course question remains unanswered, waiting for real, technical answer.
Quote
Fire Lotto token holders will also have sales commission transferred to their
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
cryptocurrency wallets after the drawing. The sales commission rate will be fixed in
the smart contract. Commission will be paid in ETH. Token holders will be free to use
their share of sales commission as they wish.
Since full sources of smart contracts deployed on Ethereum are kind of secret (even to people that are planning to invest) I would like to ask how payouts of commissions is done?
Let's say that there are hundreds of thousands of investors, draw period is finished and commissions needs to be transferred to investors. How did you protected this operation for out of gas/not enough gas problem?
Soon Will make smart contract analytics from the audit agency, and you and another investors will see that all information as you saw in whitepaper is real and 100% true.
P.S. Please check smart contracts for another similar online lotteries. Do you. see full smart contract code on the GitHub?
Again regarding to 'secret' sources of smart contracts, please reveal if product is fully decentralized and autonomous product? If not then what kind of external/centralized services it needs to live and if anybody else (in place of Fire Lotto) can support it.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
As wrote to you many times, smart contract code you can see on GitHub:https://github.com/firelotto
Withdrawal function start automatically each 24 hours. After ICO will make 4 drawing per 24 hour.
The main thing is that Fire Lotto have real blockchain product. And you can test and try it on firelotto.com
Actual front end code you can check here: https://firelotto.com/js/api.js
Fire Lotto can not place full code till the end of ICO, because somebody like you can steal it and make similar product.
Just for you, please think about firelotto.com like prototype.
I answered you based on whitepaper
And I, in my post, also quoted whitepaper. What it does mean? Is whitepaper inconsistent with itself? The first distribution of collected sales commission among token holders will take place after the ICO closes.
What you wrote is inconsistent with
People invest in whitepaper (in what they see in whitepaper), not in some interpretations made on forum :/.
I answered you based on whitepaper
Again regarding to 'secret' sources of smart contracts, please reveal if product is fully decentralized and autonomous product? If not then what kind of external/centralized services it needs to live and if anybody else (in place of Fire Lotto) can support it.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
Those are very important questions as if Fire Lotto company would be closed, team will split up or anything other would happen then we need to know if product will continue to operate or stop without any warning.
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