Fire Lotto Innovates the Modern Blockchain Lottery – Coin News

Bitcoin Press Release: A lottery game built on the Ethereum blockchain will be a major innovation in the global lottery industry. Hence, we introduce Fire Lotto. Fire Lotto is a modern blockchain lottery from Cyprus, as simple and understandable as traditional lotteries are. The primary objective of this project is make a fair international lottery with a big prize pool and fast payment for winnings.

Fire Lotto has a 100% decentralized lottery platform where everything is built on ETH smart contracts. Players can start with 4 popular lottery games with minimal losing combinations that give real chances to win the jackpot. 70% of the ticket sales go to the jackpot, and winnings are paid out automatically after each draw.

The random number generator (RNG) is based on BTC blockchain which means neither winning numbers nor lottery tickets can be faked. Fire Lotto is totally anonymous and transparent at the same time with a GitHub open code. After all, this is the premier internet community owned lottery. Because it uses Blockchain technology, distribution and payout procedures are transparent and supported by smart contracts, and winnings of any size are paid out almost instantly.

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Essentially, with Fire Lotto, 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.

There will be several stages of the ICO. The private presale will commence on the 15th of December 2017 till 15th of January 2018. The pre-ICO will be on the 15th of January 2018 till 15th of February 2018. Finally, the ICO will be on the 15th of March 2018 till 15th of April 2018.

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