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   271

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

Tokenized Bank Simplifying Use of Cryptocurrency

From this article you will learn how Hush is developing a tokenized neobank offering simplified services for placing and using cryptocurrency via blockchain technology
22 January   67

The banks existing nowadays do not fully resond to all modern consumers' demands as they are the tools for depositing users' money, having a means of payment, saving or financing for future projects. Users can check the latest transactions, scrutinize bank charges, anticipate future expenses and check the available balance, but in reality they want more, for instance, a tool that takes into account the future, such as the rise of cryptocurrencies. Hush has the ambition to go much further, and to provide services that respond to societal changes in recent years.

What is Hush?

Hush is developing a project of a regulated, participative and tokenized neobank that offers users simplified services for placing and using the money in currencies or cryptocurrencies. Hush’s ambition is to create the first regulated, participative and tokenized model for simplified services so that users cans use their money in fiat and/or crypto-currencies. Hush is a neobank that has been created by Éric Charpentier, ex-fonder of Morning which is also a neobank.

Hush ICO
Hush ICO

The aim of Hush is to federate an active community of users, offering them a regulated model in order to develop a daily utilization of crypto-currencies/euro, and opening new perspectives to the inexperienced users about the crypto-currencies sector as well as enjoying an innovating mobile bank service using fiat.

The increased usage of crypto-currencies, especially the Initial Coin Offerings (raising money through tokens), opens new perspectives in order to transform the traditional banking model, supported by users’ community which will allow to innovate as well as ensure a longlasting economical independence.
 

Éric Charpentier

CEO, Hush

Hush Strategy

Hush will propose several functionalities in accordance with users’ expectations with the Premium model, and particularly:

  • Opening accounts by invitation or sponsoring programs with the users’ initiative
  • A Premium payment card including a reinforced security and an innovating usage
  • A crypto wallet in order to safely manage user’s investments
  • An instantaneous conversion service of crypto-currencies with the possibility for the users to spend their money whenever they want
  • Proposition of proactive insurances
  • An account project for users so that they can finance and realize their project and fix objectives for themselves

Hush advantagesHush Advantages

Hush Ambassador Program

Hush Ambassador program tends to reward the participation of users holders of USH Token through a badge mechanism qualifying different levels of engagement. Those badges will be distributed monthly on the activity base related to:

  • The loyalty use of Hush services overtime which will bring to their users the first rewards
  • The engagement in recommendation, the referral system or other marketing actions
  • The participation of the users in the ongoing amelioration of services or the proposition of innovative ideas
  • The functional contributions in the technical development through bug bounty program
  • The challenges in the community animation, with variable contents ensuring a maximal participation

Hush rewards programHush Rewards Program

USH Token

USH tokens are created to provide several services to the holders:

  • A participative and contributive voice in Hush project
  • A payment method proposed by Hush, in which paying a Hush service with USH Token brings a 50% reduction on commissions
  • A reward tool thanks to a loyalty and engagement program Hush Ambassador
  • A reward of the contributive activity and the use of Hush services in order to redistribute USH Tokens to the most active users in Hush’s Ambassador program.

Hush Token Sale Information

Ticker. USH
Sales dates. Pre-sale. from Jan 22, 2018 to Feb 11, 2018
ICO. from Feb 12, 2018 to Mar 4, 2018
Token price. €0.70
Accepted currencies. ETH, BTC
Hard cap. €10M
Bonus. 20%

Hush Token AllocationHush Token Allocation

Hush Advisors

  • Kazem Tabrizi - a partner of Tenzing, a consulting firm in operational strategy
  • Pierre Storrer - a specialist in banking law and in payment services law, who assists national and international operators, banking and alternative institutions
  • Nazim Morera - co-Founder of BitConseil, expert in digital, marketing and distributed registry protocols
  • Denys Chalumeau - entrepreneur of the French Internet, foundee of bdnet.com, billetreduc.com, promovacances.com, and SeLoger.com
  • Sébastien Bourguignon - a manager in an IT consulting firm and is an expert in digitization and blockchain, author of the white paper "#80PortraitDeStartuper" and the book "Portraits of startupers - 2017 edition" published by Maxima

Documentation

  • Whitepaper
  • Executive Summary
  • Terms of USH Sale

More Information