The raffle game built on the Ethereal blockade will be a major innovation in the global lottery industry. The lottery industry has 29% of global game revenue and faces challenges due to the growth of the digital economy. Global demand for more transparent and equitable services has grown as technology advances to enable change. Distributed and decentralized technology blockchain technology offers tremendous opportunities for financial technology innovation and the modernization of the gaming industry.
The game system based on the use of the Ethereal blockade will work with high-level autonomy, and its data and records will be stored cryptographically in a publicly distributed blockchain. Available online and seamlessly, such systems can solve some of the traditional lottery challenges.
The proposed lottery will use the Random Number Generation (RNG) method, which is safe and fair and prevents manipulation and fraud. This project applies a completely safe RNG method based on the current version of the Bitcoin decentralization protocol.
Openness
The main challenge is to ensure fairness in the game. The lottery player may wonder about the possibility of manipulation or cheating, for example some of the problems that may occur:
Are the tickets and sweepstakes true?
Does the money really accumulate in the portfolio?
Is RNG really relaxed and secure?
What is the real winner of the jackpot?
Are benefits paid on time?
Two notable examples of random manipulation described on the right illustrate the cause of concern.
Scam hot lottery scandal (2010). Eddie Tipton, former director of the American Multistate Lottery Association, installed a new software code that enabled him to control the generation of random numbers and predict the winning numbers on certain days. this year and took him to win the grand prize of $ 14.3 million in 2010. The manipulation was discovered, and Tipton was sentenced and sentenced to 10 years in prison by 2015.
The 1980 Lottery Pennsylvania scandal (also known as Triple Six Fix). It was a trap to manipulate the diary number, a three-digit program offered by the Pennsylvania Lottery.
All the balls on three machines, except 4 and 6, are loaded, and consequently the plotted number is almost certainly a combination of these numbers.
The program was successful where 666 (one of eight combinations expected by the conspirator) was drawn on 24 April 1980; However, the administration was told by an unusual bet pattern. Protagonist plots are sent to prison, and most of the profits that are blameless are never paid.
HOW LOTTERY OF CHAIN BLOCK WORKS!
We have developed a completely transparent and completely deconcentrated platform for realizing the lottery with blockchain technology and with smart ETH contracts for collection and delivery of funds, recruitment of random winning numbers and commission payments for the sale of lottery tickets to Token Owners
The amount of lottery prizes Fire Lotto consists of 70% of the funds collected from ticket sales. The value of the guaranteed pool of gifts is $ 1000 ETH (~ USD 1,000,000) for the amount of 6/45 raffles. If no one has won the grand prize in an image, then it will be transferred to the next and increase. The pot will grow until the winner finds the winner.
There will be five prize categories with different prizes depending on the accuracy of the lottery number. All modalities of 2 will be recorded as a percentage of the capital. If some winners win the Grand Prize in the lottery, it will be shared among them.
We will offer two types of prizes: instant sweepstakes and sweepstakes.
Roger's Wheel attic lottery is a combination of traditional luck wheel and slot machines. In this game, players can place bets ranging from 0.003 ETH (~ USD 2.00) to 1 ETH (~ USD 1,000.00) [*] and select a payment rate of 2 to 20, which will be used to multiply their winnings. . Next, players spin the wheel divided into 21 segments with different payment levels. If the wheel stops at the player's chosen exchange rate, he or she will immediately get the prize (the bet multiplied by the payment rate) diverted to their cryptographic wallet. Players can play a large number of wheels in a game, which reduces waiting times and the number of tickets a player purchases. The wheels rotate for 20-30 seconds.
We offer three types of sweepstakes: 4 / 20.5 / 36 and 6/45. Our platform allows the introduction of new types and lotteries in the future. Players enter the lottery site with a traditional and friendly interface, where you can buy lottery tickets non-stop and choose the number for each ticket. Tickets are purchased at a glance through the user's cryptographic portfolio. The Etereum redirection is done through a smart lottery contract selected, contributing to the prize fund. 70% of all lottery tickets are given to prize groups. Table 1 shows the distribution data of lottery funds.
Fund disbursement lifted from lottery ticket sales
There are pictures every six hours in each lottery. The numbers are randomly drawn using blockchain-based RNGs (four, five or six digits are taken from the mined bitcoin unique code). After all the lottery numbers are drawn, the winnings are automatically transferred to the winning ticket owner using an algorithm built into the smart contract. Table 2 shows the distribution of cats in the raffle.
DISTRIBUTION AND PAYMENT OF SALES COMMISSIONS
The token token holder is guaranteed 10% of the funds collected on ticket sales. Sales commissions are distributed after each image based on smart contracts, regardless of the ticket sales volume. The Token yield is US $ 1.60 for every 8 million tickets sold, representing over 20% per annum of the amount invested in the Fire Lotto chip. Given the fact that more than 7 billion lottery tickets priced at USD 2.00 are sold worldwide each year, the Lotto chip's profit may exceed 50% per year in the first year.
How many tokens will be sold and how are they distributed?
A total of 100 million Fire Lotto chips will be sold. The chip distribution is shown in the diagram below:
1.How much do tokens cost?
During ICO, tokens will be sold for $ 0.50. For participants in the bonus program, the minimum price per chip is USD 0.40. During pre-ICO, tokens will be sold for $ 0.35.
2.How much do tokens cost during a private sales tour?
The fire lottery chip will be priced at $ 0.35 per chip. For special conditions, please contact info@firelotto.com
3.Why do you need a closed loop?
Funds accumulated in the closed run will be used to generate a minimum prize of $ 1,150,000 * and fund an advertising campaign for ICO. Gift fund generation:
TEAM
for more information
website: https://firelotto.io/
white paper: https://firelotto.io/whitepaper_en.pdf
Medium: https://medium.com/@firelotto
Facebook: https://www.facebook.com/firelotto/
Youtube: https://www.youtube.com/channel/UCck2jqpe3MMNc5wRUebLL5A
Twitter: https://twitter.com/FireLottery
website: https://firelotto.io/
white paper: https://firelotto.io/whitepaper_en.pdf
Medium: https://medium.com/@firelotto
Facebook: https://www.facebook.com/firelotto/
Youtube: https://www.youtube.com/channel/UCck2jqpe3MMNc5wRUebLL5A
Twitter: https://twitter.com/FireLottery
Author: indah333
Profile link: https://bitcointalk.org/index.php?action=profile;u=1724885
Eth: 0xf16486c792628e08D0D32995b0EB9e90fea27692
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