Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [ICO] Etheraffle - World's First Truly Decentralized Charitable Lottery!
by
etheraffle
on 21/04/2018, 17:06:56 UTC
Is it a good choice for such a project? recently was a firelotto they as I know, too, were more lucky and similar subjects how do you think you can excel at this?

Hello assasin21rus!

Thank you for the good question! Here is how we feel about the matter:


Firelotto are indeed our competitor, but we don't think they can compare to us at all. For a start they take a large cut of every ticket for themselves meaning smaller returns for investors.


In addition, there is every chance that  Firelotto steals your dividends and winnings which they can easily do because they are completely centralized meaning that you have to trust them with everything, unlike with Etheraffle.


They also don't publish their smart contracts meaning you are at risk from a Firelotto exit scam & them running away with all your money.


Their token doesn't pass the Howie test and so will be viewed as a security when the time comes, and so possibly illegal.


Their company representatives didn't know the URL to their own Github when we met them, and then later thought that showing us some javascript was the same thing as them showing their smart-contracts. If you read their ANN thread you will notice worrying concerns about their leadership and past scams they have been involved in, as well as them failing to pay out winner's prizes in a timely fashion, if at all. Our raffles are automatic, unlike Firelotto, meaning you withdraw your winnings whenever you want!


And worst of all, it seems like Firelotto are driven purely by greed since they take 10% for themselves and give nothing to charity! Our goal is to give as much to charity as possible! So we take 0% for ourselves!


In fact, we compared ourselves to a few other blockchain lotteries too and this was the result: