Deterok018 0 Share #31 Posted January 13 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. More information you can find in the updated whitepaper https://firelotto.io/whitepaper_en.pdf Go to top Share this post Link to post Share on other sites
ket_gav 0 Share #32 Posted January 13 Today it will be available a White Paper in the Spanish on our website www.firelotto.io Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #33 Posted January 14 Do you have a soft cap / hard cap? Yes. Soft cap: USD 2,000,000 (7,000,000 FLOT tokens). Hard cap: USD 15,000,000. In case if soft cap will not be reached all investment payments will be returned to investors wallets. More information you can find in the updated whitepaper https://firelotto.io/whitepaper_en.pdf Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #34 Posted January 14 (edited) Attention! Be carefull! There are a lot of scammers in the network, represented by the administration of Fire Lotto! Our e-mail info@firelotto.com Edited January 14 by Deterok018 Go to top Share this post Link to post Share on other sites
ket_gav 0 Share #35 Posted January 14 You have only 12 hours to buy tokens for special price! https://firelotto.io/account.html Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #36 Posted January 15 (edited) Dear friends! We have great news for you! Today at 12.00 UTC international time starts the official pre ICO Fire Lotto. The project has already collected a soft cap and nearly 2 thousand investors in a closed round. The collected funds are enough to replenish the prize fund to 1.150.000 dollars and the basic PROMO level of the project. https://firelotto.io Edited January 15 by Deterok018 Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #37 Posted January 15 Dear friends! The community's request has been removed from the way of buying tickets through a private KEY. Now, to purchase a ticket, you need to make a payment directly to the contract. In 2 days will be added the second payment method METAMASK. Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #38 Posted January 16 Dear friends! Great news! Added Whitepaper in Turkish. You can see it. https://firelotto.io/whitepaper_tr.pdf Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #39 Posted January 17 Дорогие друзья! Великолепная новость! Добавлена WhitePaper на китайском языке вы можете с ней ознакомиться здесь : https://firelotto.io/whitepaper_ch.pdf Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #40 Posted January 18 Good news, dear friends! For today you can choose two payment methods to buy lottery tickets: MetaMask and direct payment to the contract. Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #41 Posted January 19 (edited) New video with our team member Maria: https://youtu.be/cqU_fNfeLkE Edited January 19 by Deterok018 Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #42 Posted January 20 Dear friends! We hasten to inform you! We make integration with payment services to buy tokens and lottery tickets from plastic cards. Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #43 Posted January 21 Do you have different development scenarios depending on the amount of funds raised? Funds raised in ticket sales will be allocated to the main and reserve prize pools. The bigger the prize pool, the more interesting it is to play the lottery. We aim to allocate at least 30% of the funds raised to the prize pools. - 20% of the funds will be spent on software development and maintenance. - 15% of the funds will be spent on legalizing the product and obtaining licenses and permits (for example, Isle of Man, Gibraltar, Curaçao gaming licenses) in order to be able to operate globally. We also need to obtain several licenses enabling us to conduct currency exchange operations (fiat to crypto) and give our users the opportunity to make deposits to and withdraw funds from their cryplocurrency wallets as well as play the lottery using fiat money. - 5% of the funds will be spent on having our tokens listed on no fewer than three different exchanges. - 30% of the funds will be spent on marketing and promoting the ICO and the product itself. Go to top Share this post Link to post Share on other sites
Deterok018 0 Share #44 Posted January 21 (edited) Added localization and whitepaper in Brazilian (Portuguese) language. https://firelotto.io/whitepaper_br.pdf Edited January 21 by Deterok018 Go to top Share this post Link to post Share on other sites
ket_gav 0 Share #45 Posted January 22 Estimate optimistic Fire Lotto stickers for Telegram messenger. Go to top Share this post Link to post Share on other sites