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Good day, dear friends!


1. To increase the interest of the first players, we have reduced the periodicity of circulations.
Now lotteries are held every 24 hours.
For an extended time, a larger jackpot will accumulate.


2. In Fire Lotto, as in many other crypto projects, the infura.io service was used as an Etherium data provider
After today's update, Fire Lotto uses its own ethernet node.
This increases stability and trouble-free site lottery.


3. The site Fire Lotto made a lot of edits that increase the usability of the game on mobile devices and computers.

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Edited by Deterok018

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Distribution of Fire Lotto Prize Pool. 

Winnings are automatically paid in full within 90 seconds of the drawing. Transfers are made to the cryptocurrency wallets that were used to buy the winning tickets. In the draw lottery, every 10th ticket wins a prize. What makes our lottery special is the fact that our winners will always win. The thing is that many lotteries have a payout rate of 1 for two matching numbers, which means that players only win back their bet. 

However, we should remember that there is a tax on gambling winnings, which means that the player who guessed two numbers will lose at least 30% of their bet rather than win anything. In our lottery, the minimum payout rate for two matching numbers is at least 1.6, which means that the player will get paid back more than one and a half of the cost of the ticket. 

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. 
All processes and distribution operations in the system will be carried out based on the mechanisms built into smart contracts, which will exclude the possibility of their being 
influenced by the lottery organizers. 

Everything will be done autonomously, honestly and transparently.

 

 

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Good afternoon dear friends!


We hasten to inform you that the nearest conferences that the Fire Lotto team will visit:
Crypto:
Digital Asset Investment Forum January 16 New York (USA)
Paris Finch Forum January 30-31 Paris (France)
Gambling:
ICE Totally Gaming 6-8 February London (United Kingdom)
London Affiliate Conference and Financial Partners February 7-10 London (UK)

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Just now, SamWolt said:

How is blockchain technology integrated in this project?
 

A gaming system built based on the use of the Ethereum blockchain would operate with a high degree of autonomy, and its data and records would be cryptographically stored in a public, decentralized blockchain. You can see our cod on GetHub.

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What will your marketing campaign include apart from the bounty program?

Will you offer any forms of collaboration?

There are several things that we will do to promote Fire Lotto.

1. A referral campaign. The code of the interface accessible to users is open source and open access. Anyone can place a link to Fire Lotto on their webpage or integrate the lottery interface into their website. In this case, up to 15% of the funds
raised in ticket sales will be automatically transferred to the referral partner’s Ethereum wallet. We have already made settlements with a number of large gambling companies and payment providers, and work on integrating our platform into their resources is underway. As a result, our referral partners will be able to increase the number of entertainment products offered to their customers without creating new
software and to gain good income due to the growth of Ethereum. As for the Fire Lotto platform itself, the benefits that it will enjoy from this collaboration are obvious. The structure of expenditure on advertising will be fully transparent. The
target audience will be attracted by the marketing specialists working for the referral partner. There will be no need to employ a lot of staff. The advertising budget will be managed in an effective way.

 

2. An email marketing campaign which will cover more than 10 million target customers worldwide.

 

3. The advertising campaign for the Fire Lotto ICO will include the promotion of the lottery itself.

 

4. The lottery platform will be advertised at international gambling exhibitions.The ICE Gaming Show and the London Affiliate Conference, which will be held in
London in February 2018, are the first exhibitions that our team will attend.

 

5. Some of the funds raised in ticket sales will be spent on placing banners and
articles on various websites.

 

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

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Edited by Deterok018

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The prize pool of the Fire Lotto lottery is formed from 70% of the funds collected from ticket sales. The minimum size of a guaranteed jackpot is fixed—near 1,000,000 USD for the 6/45 lottery. Distribution of Funds Collected from Lottery Ticket Sales you can read in WHITE PAPER https://firelotto.io/whitepaper_en.pdf

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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.

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How can I 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.

 

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

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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

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A referral campaign.
The code of the interface accessible to users is open source and open access. Anyone can place a link to Fire Lotto on their webpage or
integrate the lottery interface into their website. In this case, up to 15% of the funds raised in ticket sales will be automatically transferred to the referral partner’s Ethereum wallet. We have already made settlements with a number of large gambling companies and payment providers, and work on integrating our platform into their resources is underway. As a result, our referral partners will be able to increase the number of entertainment products offered to their customers without creating new software and to gain good income due to the growth of Ethereum. As for the Fire Lotto platform itself, the benefits that it will enjoy from this collaboration are obvious. The structure of expenditure on advertising will be fully transparent. The target audience will be attracted by the marketing specialists working for the referral partner. There will be no need to employ a lot of staff. The advertising budget will be managed in an effective way.

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