Here are four main investors questions answered:


Why a ฿0.25 asking price?

This price was set to attract serious investors, and possibly more accredited investors.  We understand that this amount may seem high to some, but it also reduces the number of shareholders required to achieve our goal.


Why do you need so much money?

We're in the process of vetting software development companies. Good coding does not come cheap.  Current time estimates have varied from 400 to 1000 hours of work. The highest estimate so far was just over $96,000 USD (which in our view is outrageous).  We believe the cost should be closer to $40,000 USD.

Funds will also be used for lottery risk insurance. This will allow us to offer a ฿2000.00 (2,000,000 mBTC) lottery jackpot.  It's imperative that our lottery be structured as a true lottery. This insurance will guarantee a jackpot payout, in the event that funds collected are insufficient to cover the jackpot.  We are currently looking at two risk assessment companies. Both want approximately 1.8% of the prize money for 2,000,000 lottery picks.


Why such a high valuation?

Our valuation was based on a recent angel investor, and our time and money put into the company.  We are a legal Costa Rica S.A. corporation, with the ability to obtain a gaming license.


How fast can we expect a return on investment?

There is no quick or simple answer.  Our goal is to complete the development phase sometime in August 2016. Depending on testing, we could launch as soon as August or early September. Revenue will not begin to generate until then.

All shareholders will receive preferred shares and receive 70% of gross income until initial return on investment, shares will then be converted to common shares. Based solely on QuintoBTC Lottery game and 1000 preferred shares, we will need to sell 1,190,480 picks to achieve initial return on investment.  

Our scratchers have a 97.5% payback. They should produce a high volume of play, given the odds on winning at 1 in 2.54, and with a top prize of 10,000 times the purchase price.  The revenue from the scratchers is 2% with 0.5% to cover all payouts.

Our other lottery game is a daily game with a much smaller jackpot of ฿10.00, and a 1/4th the cost, so ROI on this game would be four times that of QuintoBTC, if it was the only lottery game.