Fire Lotto Team to Share Achievements, News and Plans

More than 120 companies have connected the lottery platform Fire Lotto to their online- resources, receiving 50% of the proceeds of the platfom
07 September 2018   1318

Fire Lotto - the world's first decentralized lottery, built on a smart- contracts of Ethereum. Don't frown in mistrust at the word "lottery"! Yes, many projects that went thru ICO do not fulfill their promises or stop the development process, but Fire Lotto is valuable exception. This is a unique project, which has already fulfilled all obligations specified in the whitepaper for investors.

On January 1, 2018, the lottery platform Fire Lotto launched 3 lotteries, and on the 1st of September - instant lotteries based on Fire Chain technology were launched. This means that the lottery works successfully, people win real prizes and fight for large Jackpots; absolute honesty is ensured due to the lack of single server, everything is transparent and safe, the human impact on the result is absolutely excluded. This lottery can not be banned, thanks to the Internet people from all over the world are playing in it. The prize fund of lotteries is huge: 70 percent of the sale of all tickets go to it, as nowhere else in the world. Project is successfully developing and is already gaining popularity.

Also, the Fire Lotto was very attractive as apartnership. Now active integration with partners and affiliates goes through API or iFrame. Already more than 120 companies have connected the lottery platform Fire Lotto to their online- resources, receiving 50% of the proceeds of the platfom. Tokens of the project are already traded today on 6 exchanges. Payments to the holders of the tokens, as promised, are made every 2 months. The first holders of the tokens have already managed to make sure of this and receive funds in ETH to their personal wallets. The fact that the creators of the lottery predicted just less than a year ago, has already become a reality.

Fire Lotto cares about the convenience of players, due to which their number increase. Buy a lottery ticket now is very easy due to integration with payment systems that allow to instantly pay for it with the traditional way (plastic cards, online wallets). And once the number of users platform Fire Lotto so actively grows - this increases the payment to the coaches tokens FLOT (project Fire Lotto), allows you to quickly give a start to a large number instant games, the development of which is currently in the final stage.

Fire Lotto team plans to implement terminals with QR codes for sale lottery tickets of Fire Lotto offline, which will allow direct competition with traditional lotteries. In the nearest future, other lotteries players will be able to taste the advantages of Fire Lotto and join in.

Do you want details? In the near future team can be found at the Global Gaming Expo, Las Vegas and Sammit of IGaming, Malta.

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Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   155

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.