Blockchain Lottery Simplifies Access for Users

From this article you will learn about FireLotto integration of QIWI wallet, VISA, MasterCard and other news important for the community
20 March 2018   706

Our editorial board keeps track of the most interesting projects in the industry, and one of them is FireLotto, a modern blockchain lottery as simple and understandable as traditional lotteries are.

We have already reported that this Ethereum based lottery reached soft cap in just one day! Moreover, it is worth noting that the CEO of GOSLOTO - Russian government lottery - has joined the team as a Business Development Director. The Initial Coin Offering of FireLotto is running from March 15, 2018.

Let's find out what's new in the project. We are glad to report that FireLotto has integrated QIWI wallet and now tokens can be bought for fiat using VISA and MasterCard. The next stage of integration which the team is already working on is letting users purchase lottery tickets for fiat too.

Firelotto funds collected at the moment of pressFireLotto funds collected at the moment of press

Moreover, a massive advertisement campaign will be started in a few days by 1XBet betting company as it finished integrating FireLotto to all of its online worldwide resources. 1xBet is a large international bookmaker company, founded in 1997. Now it is one of the most famous bookemaker companies in the world with more than 100 websites and more than 40 languages integrated.

What is more, we have recently reported about the criminal group specializing in extorting money from start-ups and ICO projects, which attempted to attack FireLotto project, but FireLotto decided not to encourage scammers, and informed the community about extortion and hating campaign from the attackers, doing its best to protect the community.

The FireLotto project is rapidly developing, implementing new features for its users, and we will keep our readers updated on all the latest news!

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   192

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.