[ANN][ICO] Fire Lotto - International blockchain LOTTERY - page 73.

kermitas

jr. member

Activity: 112

Merit: 5

Quote from: ket_gav on January 19, 2018, 07:24:29 AM

The first distribution of collected sales commission among token holders will take place after the ICO closes.

What you wrote is inconsistent with whitepaper.

People invest in whitepaper (in what they see in whitepaper), not in some interpretations made on forum :/.

kermitas

jr. member

Activity: 112

Merit: 5

Again regarding to 'secret' smart contracts, in behave of all investors (and their security) I would like to as for full report on how do you protected withdrawal process:
- if one of recipient addresses is a smart contract that will recursively call you back?
- if one of recipient addresses is a smart contract that would throw exception in its fallback function?

For example, let's analyze those transfers done to lucky players after draw https://etherscan.io/tx/0xd4707ac9a03dabb2cdf2a8bf67aed46b4b1c2336789a76d47a11d4ca7700bbb8. Please show us code responsible for that so we can analyze how it is protected from threats mentioned above.

ket_gav

newbie

Activity: 308

Merit: 0

Quote from: kermitas on January 19, 2018, 07:16:54 AM

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.

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.

ket_gav

newbie

Activity: 308

Merit: 0

Quote from: kermitas on January 19, 2018, 06:30:41 AM

Quoted from whitepaper (whitepaper --> 'public contract' that many make their investment decision on):

Quote

This means that when the ICO opens, investors will be surprised to see not only a
finished product, but also a huge prize pool available to be won and sales commission
distribution among token holders in real-time mode.

Great, that means that pre-ICO investors will be receiving commissions (even if not having FLOT tokens yet). All that starting from the beginning of ICO (March 15, 2018).

Is that correct? Cool

Yes, and they can to trade them on the exchange

kermitas

jr. member

Activity: 112

Merit: 5

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.

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?

Tommy Cash

newbie

Activity: 112

Merit: 0

Quote from: gefander on January 19, 2018, 05:59:03 AM

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.

Token prices are influenced by many different factors, including political and economic
ones. We can compare our product with TrueFlip, an online lottery that is already
operating. If you look at the diagram (You can see the witepaper on our website), the average price of the
TFL coin (True Flip lottery) is about USD 1.00 (USD 1.05 as of October 20, 2017), (USD
3.29 as of January 07, 2018). We believe that the price of the Lotto token will exceed USD 1.00.

kermitas

jr. member

Activity: 112

Merit: 5

Quoted from whitepaper (whitepaper --> 'public contract' that many make their investment decision on):

Quote

This means that when the ICO opens, investors will be surprised to see not only a
finished product, but also a huge prize pool available to be won and sales commission
distribution among token holders in real-time mode.

Great, that means that pre-ICO investors will be receiving commissions (even if not having FLOT tokens yet). All that starting from the beginning of ICO (March 15, 2018).

Is that correct? Cool

kermitas

jr. member

Activity: 112

Merit: 5

Quote from: gefander on January 19, 2018, 05:59:03 AM

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.

Just don't block yourself, there are more 'passive income' crypto projects on the market currently.

ket_gav

newbie

Activity: 308

Merit: 0

Quote from: gefander on January 19, 2018, 05:59:03 AM

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.

You absolutly right! Project is a good investing solution

gefander

full member

Activity: 490

Merit: 103

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.

Tommy Cash

newbie

Activity: 112

Merit: 0

Quote from: leningradskiy90 on January 19, 2018, 05:36:48 AM

dudes, any advise? what do you think about the ICO? do you think the minimum cap will be reached?

Hello

You can find all information about our project here https://firelotto.io/whitepaper_en.pdf
Soft cap already reached, dont worry and goodluck!

leningradskiy90

jr. member

Activity: 126

Merit: 1

dudes, any advise? what do you think about the ICO? do you think the minimum cap will be reached?

ket_gav

newbie

Activity: 308

Merit: 0

Quote from: A7373 on January 19, 2018, 05:04:41 AM

Quote from: assasin21rus on January 19, 2018, 02:48:17 AM

Quote from: SuperNovah90 on January 19, 2018, 01:30:38 AM

So can you say confidently if there is 1% or 3% tokens are dedicated for the bounty campaign, as it's not clear to me yet.

It seems the developer said that three percent

1% its really is not interesting for bounty hunters i think!

maybe, but people take part in bounty Roll Eyes

so, 1% is interesting when amounts are large

A7373

member

Activity: 602

Merit: 15

Quote from: assasin21rus on January 19, 2018, 02:48:17 AM

Quote from: SuperNovah90 on January 19, 2018, 01:30:38 AM

So can you say confidently if there is 1% or 3% tokens are dedicated for the bounty campaign, as it's not clear to me yet.

It seems the developer said that three percent

1% its really is not interesting for bounty hunters i think!

Mrjitter

sr. member

Activity: 434

Merit: 251

Quote from: assasin21rus on January 19, 2018, 04:30:20 AM

Quote from: Mrjitter on January 19, 2018, 03:59:16 AM

Quote from: ket_gav on January 19, 2018, 03:17:59 AM

Quote from: A7373 on January 19, 2018, 02:12:28 AM

It would be cool for investors when price would increase!

now it costs 0.38$

When the price so does it really nice

note, not only for investors it's nice

For people who did this project it will be much nicer

assasin21rus

member

Activity: 322

Merit: 10

Quote from: Mrjitter on January 19, 2018, 03:59:16 AM

Quote from: ket_gav on January 19, 2018, 03:17:59 AM

Quote from: A7373 on January 19, 2018, 02:12:28 AM

It would be cool for investors when price would increase!

now it costs 0.38$

When the price so does it really nice

note, not only for investors it's nice

Mrjitter

sr. member

Activity: 434

Merit: 251

Quote from: ket_gav on January 19, 2018, 03:17:59 AM

Quote from: A7373 on January 19, 2018, 02:12:28 AM

Quote from: Lonsdayl on January 19, 2018, 01:59:11 AM

Quote from: A7373 on January 18, 2018, 02:17:14 PM

Quote from: Lonsdayl on January 18, 2018, 01:33:03 PM

Quote from: Lonsdayl on January 18, 2018, 12:22:14 PM

I don't understand one thing. How many FLOT tokens will be distributed? 77 mln FLOT will be sold on private sales or this amount include your hard cap goal?

So you have already reached soft cap and project will be realized. I'm glad to hear this. For which purposes will be spent all hard cap? Marketing and new lottery products?

What is the reqular price of token just now? Its increase with all market?

In whitepaper is written that tokens price is $ 0,5 per FLOT, but during private sales - $ 0,35. But FLOT can go up to $ 1, like other gambling platforms tokens.

It would be cool for investors when price would increase!

now it costs 0.38$

When the price so does it really nice

ket_gav

newbie

Activity: 308

Merit: 0

Quote from: A7373 on January 19, 2018, 02:12:28 AM

Quote from: Lonsdayl on January 19, 2018, 01:59:11 AM

Quote from: A7373 on January 18, 2018, 02:17:14 PM

Quote from: Lonsdayl on January 18, 2018, 01:33:03 PM

Quote from: Lonsdayl on January 18, 2018, 12:22:14 PM

I don't understand one thing. How many FLOT tokens will be distributed? 77 mln FLOT will be sold on private sales or this amount include your hard cap goal?

So you have already reached soft cap and project will be realized. I'm glad to hear this. For which purposes will be spent all hard cap? Marketing and new lottery products?

What is the reqular price of token just now? Its increase with all market?

In whitepaper is written that tokens price is $ 0,5 per FLOT, but during private sales - $ 0,35. But FLOT can go up to $ 1, like other gambling platforms tokens.

It would be cool for investors when price would increase!

now it costs 0.38$

Tommy Cash

newbie

Activity: 112

Merit: 0

Quote from: Exte on January 19, 2018, 01:19:02 AM

On what exchanges token will be listed, or give me a link if the developer has already answered this question.

Till the end of ICO you can not move tokens from your investors account.
In the end of ICO you will have function to add your ERC-20 Ethereum wallet and move to kens to it.

ket_gav

newbie

Activity: 308

Merit: 0

Quote from: SuperNovah90 on January 19, 2018, 01:30:38 AM

So can you say confidently if there is 1% or 3% tokens are dedicated for the bounty campaign, as it's not clear to me yet.

hello, this is link to bounty: https://bitcointalksearch.org/topic/bountyico-fire-lotto-international-blockchain-lottery-2654429.. here you can ask all questions about bounty

Topic: [ANN][ICO] Fire Lotto - International blockchain LOTTERY - page 73. (Read 13520 times)