Blockchain is a future of a lottery

Learn how Fire Lotto will become fair international lottery with big prize pool and fast payment for winnings
11 January 2018   2204

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. 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.

Fire Lotto is a modern blockchain lottery as simple and understandable as traditional lotteries are.

File Lotto advantages:

  • A record 70% of funds collected from ticket sales will be allocated to the prize pool.
  • The initial guaranteed prize pool is over USD 1 million.
  • The amount of the prize pool can grow up to dozens of millions of dollars.
  • If nobody wins the main prize in a drawing, it will be increased and rolled over to the next drawing. The jackpot will keep growing until it finds its winner.
  • Distribution and payout procedures are transparent and supported by smart contracts.
  • Winnings of any size are paid out almost instantly.

The primary objective of Fire Lotto is make fair international lottery with big prize pool and fast payment for winnings.

20 Facts about Fire Lotto:

  1. 100% decentralized lottery platform. Everything is built on ETH smart contracts.
  2. Starting from 4 popular lottery games.
  3. Minimum loosing combinations = real chances to win Jack Pot.
  4. 70% of tickets sales go to Jack Pot.
  5. Winnings are paid out automatically after each draw.
  6. Lottery ticket starting price – 2 USD.
  7. Ability to add more popular lottery games.
  8. Play Fire Lotto from any device without an app.
  9. Play in one click.
  10. Payments are totally secured and made in one click.
  11. Transparent referral program. Join and get up to 15% cashback for each ticket sold.
  12. 10% commission payments to FLOT token holders provide an endless source of crypto income.
  13. The prize pool can grow up millions and millions of dollars.
  14. Random number generator is based on BTC blockchain.
  15. Neither winning numbers nor lottery tickets can be faked.
  16. No hidden charges, taxes and etc.
  17. Fire Lotto platform cannot be shut down or effected anyway.  
  18. The Fire Lotto is totally anonymous.
  19. GitHub open code.
  20. The first internet community owned lottery.

How does Fire Lotto work?

You can choose instant or draw lottery.

Instant lottery Roger’s wheel has a fortune wheel with 21 numbers. It offers bets from 0,007 ETH with coefficient from 2 to 20. If you guess the right number, then you’ll receive your bet multiplied by chosen coefficient.

There are 3 types of draw lottery:

  • 4 of 20 
  • 5 of 36 
  • 6 of 45.

You pick one, buy a ticket and mark numbers. Lotteries are held every 6 hours. Your winnings are based on amount of numbers that you’ve guessed.

Why Fire Lotto is the most honest lottery?

  • Winning number are chosen by RNG based on blockchain technology of Bitcoin, so they are impossible to fake.
  • All lottery parameters are in open source. They are accessible and fully transparent 24/7.
  • Complete anonymity and safety. No taxes!
  • Decentralized platform provides full autonomy and independence.
  • Record payments to prize pool – 70% from all raised funds.

Fire Lotto ICO Terms

There will be several stages of ICO:

  1. Privat presale 15th of December 2017 till 15th of January 2018
  2. Pre ICO 15th of January 2018 till 15th of February 2018
  3. ICO 15th of March 2018 till 15th of April 2018

100 million tokens released and 77 million FLOT tokens will be sold during the ICO.

Learn more about Fire Lotto

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Top Ongoing ICO 23rd - 29th September

Check these cool new ICOs: Modex, Coin Analyst, eLYQD, BitNautic, Pool of Stake, Tachain and Solidfied
23 September 2018   158

Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!

Current list for quick navigation Modex, Coin Analyst, eLYQD, BitNautic, Pool of StakeTachain, Solidfield

Ongoing ICO

Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.

1. Modex

Hype.Codes rate  92

Modex has built a Smart Contract Marketplace and a Blockchain Developer Tools Platform. Modex aims to become the go to place for developers looking to monetize their blockchain programming skills and increase their revenue, as well as companies in need of blockchain development services and ready-to-buy smart contracts.

Vote for this ICO

Sales dates: Sep 15th - 25th
Accepted currencies. Various
Cap 10577066 USD
Website and Whitepaper 

Back to the quick navigation list

2. Coin Analyst 

Hype.Codes rate  90

CoinAnalyst is an information and analysis platform for all cryptocurrencies and ICOs worldwide. Purchase and sale decisions can be made on the basis of valid data and intelligent analyses. This enables the user to identify opportunities and risks and react promptly and proactively to price fluctuations. The application thus creates a high degree of transparency when it comes to operating in this new and volatile market.

Vote for this ICO

Sales dates: Jul 7th - Oct 31st 
Accepted currencies. ETH
Hard cap 20M EUR
Website and Whitepaper 

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3. eLYQD 

Hype.Codes rate  89

One of the main features of eLYQD is the use of blockchain technology, which allows making the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction and business costs, and simplifying of the purchase process.

Vote for this ICO

Sales dates: Jul 9th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $15M
Website and Whitepaper 

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4. BitNautic 

Hype.Codes rate  85

BitNautic is a decentralized platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters. BitNautic comes with distinctive features like AI (Artificial Intelligence) based booking system, a real-time tracking of ships and cargo, and a wholesale e-commerce platform.

Vote for this ICO

Sales dates: Jul 11th - Sep 30th 
Accepted currencies. ETH, BTC, LTC, ZEC, BCH, DASH, DCR, XMR, Fiat
Soft cap 5k ETH
Hard cap 50k ETH
Website and Whitepaper 

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5. Pool of Stake 

Hype.Codes rate  80

Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments. In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains.

Vote for this ICO

Sales dates: Jul 20th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $8M
Website and Whitepaper 

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6. Tachain  

Hype.Codes rate  79

Tachain provides comprehensive ad targeting system for advertisers while maintaining full security and effectiveness of a full scale transportation app. With our functionalities in play, we are in a position to steer toward our mission of providing a valid and secure blockchain based service full of fun and joy to our users.

Vote for this ICO

Sales dates: Jul 23rd - Dec 31st 
Accepted currencies. ETH
Soft cap $2M
Hard cap $10M
Website and Whitepaper 

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7. Solidfied 

Hype.Codes rate  80

The future will be built on smart contracts. Smart contracts are only as secure as the code they are written in. As they are immutable after release, they need reliable security due diligence to earn companies and users trust and value. With 200+ code experts and 400k ETH of market cap. secured, Solidified is the market leader in smart contract security already. We know the market and its bugs. It's still fully centralized which allows for fraud and hacks and bad or lazy work hardly has consequences for the auditor. We can fix this. Introducing the first decentralized audit system & Bug Prediction Market! Actors can stake on whether a vulnerability will be discovered in a smart contract by a certain date. The basis for such a market is a smart contract that has been audited and secured by an individual or a group of auditors using the Solidified platform. These actors are held accountable for securing the code by having staked income and reputation in the form of the Solid Token.

Vote for this ICO

Sales dates: Jul 23rd - Oct 23rd
Accepted currencies. ETH
Hard cap 36k ETH
Website and Whitepaper 

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Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:

  • Landing webpage design
  • Completeness of information provided on the landing webpage
  • Convenience of information search on the landing webpage
  • The concept itself
  • Whitepaper
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We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups.