Topic: [ANN][ICO] Fire Lotto - International blockchain LOTTERY - page 82. (Read 13520 times)

In my opinion at the moment, the main risks for this project can only be an unsuccessful sale!
 But here everything depends on the company, if they correctly hold pre-sale and bounty then they will succeed!

What do you think are the main risks to the project?

1. A situation in which the global community stops using cryptocurrencies or they become banned and criminalized in most developed countries.

2. The use of Ethereum, the main means of payment at the moment, as an investment tool similar to the way Bitcoin is now being used. The cost of transactions will become very high and people will prefer to keep their ETH on cold wallets,
hoping the currency will start growing in the future. If this happens, we will have to switch to an alternative cryptocurrency with a commensurate level of security, accessibility, and speed of operation. However, it will take some time.

3. We believe that the blockchain technology can solve current problems in the lottery industry like no other tool. Its implementation will bring the lottery industry to a new level of development, making it as transparent and accessible as possible.

More information you can find in the updated whitepaper https://firelotto.io/whitepaper_en.pdf

In the future such projects will be popular. This topic will attract many investors ! Where can you find a link to bounty?

I think they would update and fix it! Thats not a big problem for me.

Yes, but they have time to fill it, and also to correct mistakes. One way or another, we'll see how they do it.

Yes, but they have time to fill it, and also to correct mistakes. One way or another, we'll see how they do it.

You can read the whitepaper No. 23. How do you plan to minimize regulatory risks, especially those related to the Howey Test?
The main difference between the security token and the utility token is that the first one enables its holder to get profit without doing anything. A person can simply buy a token and get dividends. Having analyzed the current international legislation, we adopted a set of measures aimed at making it clear that our tokens should not be classified as security tokens:
- Holders of our tokens will get commissions from sales rather than dividends. This system will be in essence the same as the system of referral payments discussed earlier.
- In order to receive commissions, each token holder has to play the lottery. In other words, each token holder will have to buy a certain number of lottery tickets every month in order to be able to receive commissions from sales. The number of tickets and the frequency of purchases are being calculated at the moment and will be announced later. Given that one lottery ticket costs only 2 U.S. dollars, token holders will not have to spend a lot of money on buying lottery tickets, and at the same time this measure will help us solve legal issues and stimulate the lottery.
-Together with lawyers and advisors from New York, we are discussing the option of inviting a professional investor to our team. This will enable us to attract funds from U.S. citizens to our ICO in accordance with the rules and requirements established by the SEC and U.S. government.

Interesting coin. Tempted to make it my first ICO but the GitHub looks very light?

Ok what is the price per token right now?

omg, I'm very inconsiderate, I figured it out, thanks

nice platform

All information is on the main website!

how many allocated token for ICO?

100 mln tokens

how many tokens will be released?