Topic: Popular questions and answers about Fire Lotto International Blockchain Lottery. - page 4. (Read 1931 times)

Fire Lotto started AIRDROP on FireLotto.io .You can get 10 FLOT tokens for FREE
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Fire Lotto team meet with new partners and affiliates for the   lotteryintegration at the exhibition in Belgrade.
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Dear community, you can trade FLOT tokens on https://topbtc.com
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As wrote in road map today Fire Lotto will show to community Lottery reports & monitoring platform .
These instruments are needed to understand the efficiency of different type of marketing, affiliates partners and taken measures aimed to increase lottery tickets sales. https://statistics.firelotto.io/
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The Hottest Technological Trends Reshaping the Lottery Industry https://medium.com/@FireLottery/the-hottest-technological-trends-reshaping-the-lottery-industry-73f5c4164d22

Smartcontract of the token #FLOT on https://github.com/firelotto

Popular questions about FireLotto - international blockchain crypto lottery https://youtu.be/dJ687hWrRXo

We are working like in new Roadmap, you can read it  https://medium.com/@FireLottery/firelotto-road-map-ff4662869630

Presentation for the Fire Lotto - international blockchain crypto lottery. https://youtu.be/T1aP705OVkY

Thank you! FireLotto is International Blockchain Lottery 

You can find more information about our project on our Blog https://medium.com/@FireLottery

Very interesting here, thank you a lot! I would like to try this lottery too. I have played Euro millions a couple of times, and I enjoyed it a lot. Which other lotteries have you tried so far, guys?

It’s indeed a promising project. But I feel your website is lacking of marketing, I think that more merchants will acknowledge your project.

Why the token its not on the site https://coinmarketcap.com/?

Global Lottery Industry

The global lottery industry grew from $187.1 billion in 2004 to $294.3 billion in 2016, representing a compound annual growth rate (CAGR) of 4.3% per year. In 12 years from 2004 to 2016, lottery sales have declined only once, evidencing the stability of the business. More than 64% of global lottery sales come from Europe and North America Concurrently, with growing penetration of the Internet and mobile phone adoption, online and mobile lotteries are growing everywhere. The total revenue of mobile lotteries in 2016 is estimated to be 43 billion, while 44% of the amount is generated in Europe and North America. The pace of technology adoption can be even faster in the developing markets. Up until recently, most lottery operators were B2C. With the advent of online and mobile lotteries, there are now more B2B companies offering online lottery platforms.

Fire Lotto can operate as a global blockchain protocol, but can also be offered to governments of specific countries as a solution to challenges to ensuring a fair lottery. Globalization, economic growth in the developing world and progress in information technology are factors that will accelerate changes in the lottery industry, especially in the emerging markets. The global lottery industry is moving closer to cross-border, high-technology lotteries, and blockchain technology can be the stepping stone needed for this innovation.

Is there the bounty program for this project? Seems a potential project to be very successful. Support the project..   

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.

Is there the bounty program for this project? Seems a potential project to be very successful. Support the project..

Is there the bounty program for this project? Seems a potential project to be very successful. Support the project..   

FLOT token listed on CoinExMarket exchange https://www.coinexmarket.io
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You want to know how you can be sure that the information about winnings and the number of tickets sold is correct? Is there any tool that can be used to check this information?

There is a Statistics tab in the lottery menu. This tab contains information about the number of tickets sold, numbers drawn, jackpots and winners’ wallets (showing how many numbers were matched and what the payouts were). This information can be verified through Etherscan and the program code shared on GitHub.