LDJ Capital Founder to Join Blockchain Lottery

David Drake, supporter of cryptocurrency investments since 2011, joined the FireLotto team
02 March 2018   529

FireLotto, fully decentralized, Ethereum-based crypto lottery platform, has announced the addition of David Drake, blockchain-enthusiast and founder and chairman of LDJ Capital.

David Drake
David Drake

Drake's investments currently have 50+ global directors that maintain relations with institutions & family offices with $1.5 trillion in assets. He has been an outspoken supporter of cryptocurrency investments since 2011, when he collaborated on the US JOBS Act to create new laws governing fundraising in the United States for ICOs.

We are honored to add Mr. Drake to our advisory board.With his vast experience and deep commitment to the future of blockchain technology, we are certain he will help FireLotto shepherd in a new age of truly fair lottery play for all.

Roman Demidov

CEO, FireLotto

All processes and distribution operations in the system of FireLotto platform are carried out based on smart contracts, with source code published for full transparency.

As the startup’s newest advisor, Drake joins the ranks of other high profile supporters, such as Alexander Zasypkin, General Director of GOSLOTO, Russian national lottery monopolist.

Crypto is here to stay and it’s a permanent force that’s going to be a $10 trillion market. After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best.

David Drake

Founder, LDJ Capital

According to the team, FireLotto's tokensale is going great. To date, over 18 million FireLotto tokens (FLOT) have been sold, with more than 5000 investors supporting the project. The platform has already been launched, with 24/7 global lotto play in progress, and a prize pool that is expected to surpass 1100 ETH (nearly $1 million at the time of this writing) by mid-April.

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Nishiawakura to Launch First Municepal ICO in Japan

Officials studied the possibility to strengthen the economy of the village thru the ICO since November 2017
19 June 2018   137

The authorities of the Japanese village of Nishyavakura from Okayama prefecture announced the start of the initial coin offering (ICO). Officials studied the possibility to strengthen the economy of the village thru the ICO since November 2017. This is reported by Bitcoin.com.

With the help of the ICO and its own crypto currency, the authorities hope to get money for "a sustainable regional economy in the future, providing the municipal authorities with new financial resources and developing the region with the help of starting investments."

1500 people lives in village, and 95% of area are occupied by woods. In the early 2000s, when all the municipalities of the country joined the city's districts, Nishyavakura managed to remain an economically independent village and since then the authorities have been seeking funds for its development.

In order to promote the creation of a sustainable region in the future, as a means for small local governments to secure new financing resources and to build up regions through upfront investment, tokens issuance, and the creation of virtual currencies, we will introduce fundraising through an ICO for the first time as a municipality in Japan.

Nishyavakura Statement

The local economy association will issue tokens called Nishiawakura Coin (NAC). The owners of coins will have the right to vote, which will allow them to participate in decision-making regarding enterprises in the village.