Good seller. Got a full database.  In negotiating with several funds. Thanks a lot! Recommend!

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If you bought on Pre-sale or ICO you can get commission. You should have 500 FLOTs on your balance.

Welcome to our RoadMap! Today we’ll be discussing the roadmap for the next 4 months.

Rewards transfer — April 30

Payment transfer of rewards to token holders of FLOT tokens. We have finished the first tranche of rewards to all token holders. We transferred 3481 in 30 hours. It’s the first ever reward payment to all FLOT token holders. The reward was paid in 10% of all ticket sales on FireLotto blockchain lottery.

Site localization — May 11

We use Crowdin to introduce multi-language support for Korean, Chinese, Russian, Thai, Indonesian, Philippines, and Japanese. Up to 10 languages in total. The FireLotto lottery player community is global and more languages will be supported in the future.

User reports of the winning numbers — May 25

We are planning to develop easy and intuitive charts to show the reports of last lottery winners, numbers that won and more data for users to play and win.

Fiat Payments integration — June 20

The idea of using a blockchain has had such an impact on the blockchain world lately that even giants like credit card companies are now tipping their hats to it. FireLotto is planning to reportedly roll out a blockchain solution targeted at lottery players, offering the ability to pay for the games in fiat currencies vs Ether as it’s now.In this release the users would be able to send the money instantly while also saving on transactions and currency conversion fees as compared to using cryptocurrency exchanges.

New 5/36 Lottery to use FLOT tokens — July 2

The 5–36 lottery inherits many good features of its 6–45 predecessor. The most important is the method of drawing numbers. The method takes hashes of recent blocks found on the blockchain. Using these as a basis, and a publicly available formula posted on the company’s website, the algorithm determines the winning numbers. Dependence of drawing results on blockchain block hashes guarantees randomness, and removes any doubt that the lottery operator can somehow influence the drawing outcome. Besides, anyone can make sure that the results are valid and fair.

Roger`s Wheel Lottery release — August 1

It is a blend of traditional luck wheel and slot machines. In this game, players can place bets ranging from 0.003 ETH (~ USD 2.00) to 1 ETH (~ USD 1,000.00)

• and select a payment rate of 2 to 20, which will be used to multiply their winnings. Next, players spin the wheel divided into 21 sectors with different payment rates on them. If the wheel stops at the level the player chooses, he will instantly gain victory (bet multiplied by the payment rate) transferred to their crypto cardiard wallet. Players can change the number of unlimited wheels in a game, which reduces waiting times and increases the number of tickets purchased by players.

Popular browser plugins and wallets — Aug 15

Rather than offering a standard way to use one browser and one ETH wallet , the FireLottoe team wanted to do something entirely different by putting the end user in full control of their funds at all time. By developing a Chrome Extension, Ethereum holders can now access their funds and play through the world’s most popular Internet browsers and wallets. After all, the primary goal of the browser extensions like Chrome extension is to provide a straightforward and convenient solution to users around the world to pay and play, without friction.

Instant Play implementation, Bingo — August 1

Afterward,Instant Play, Bingo lottery release will occur. The primary goal of Instant Play, Bingo is to drive players onto the platform. By this stage, we should already have an active community of players, winners and token holders. We are planning to introduce FireChain technology in this game for the speed lottery play.

Frontend UI improvement September 10

In this release, a lot of quality of lottery upgrades will occur to make FireLotto more easily adopted by non-blockchain audiences.

In the implementation of in-game purchases in FireLotto, speed is a major issue. The FireLotto technical team is planning to work on a few different tasks: avatar development, speed improvement, visual effects, show lottery results in an interactive way and more UI improvements.

KEHO Lottery release — September 20

In the KEHO Lotter release, all components of the system will be in polished for new lottery play. During the KEHO Lotter stage, our focus will be on building a strong community of players and generating more rewards for the token holders.


More information you can find on our Blog and Website






https://image.ibb.co/mBkgJn/1_ew_df1_Za3_R17zu1e_Medr_Uw.jpg

Thank you for you opinion about our project!

How do you plan to minimize regulatory risks, especially those related to the Howey Test?

The main difference between the security token and the utility token is that the first one enables its holder to get profit without doing anything. A person can simply buy a token and get dividends. Having analyzed the current international legislation, we adopted a set of measures aimed at making it clear that our tokens should not be classified as security tokens:

- Holders of our tokens will get commissions from sales rather than dividends. This
system will be in essence the same as the system of referral payments discussed
earlier.

- In order to receive commissions, each token holder has to play the lottery. In other words, each token holder will have to buy a certain number of lottery tickets every month in order to be able to receive commissions from sales. The number of tickets and the frequency of purchases are being calculated at the moment and will be announced later. Given that one lottery ticket costs only 2 U.S. dollars, token holders will not have to spend a lot of money on buying lottery tickets, and at the same time this measure will help us solve legal issues and stimulate the lottery.

-Together with lawyers and advisors from New York, we are discussing the option of inviting a professional investor to our team. This will enable us to attract funds from U.S. citizens to our ICO in accordance with the rules and requirements established by the SEC and U.S. government.

More information you can find in Whitepaper

Will you use KYC in the sales process?

Yes. In the near future, we plan to launch a tool that will make it possible to accept non-cash payments using traditional currency. This way of purchasing FLOT tokens requires that we use KYC.

More information you can find in Whitepaper

What do you think are the main risks to the project?

1. A situation in which the global community stops using cryptocurrencies or they become banned and criminalized in most developed countries.

2. The use of Ethereum, the main means of payment at the moment, as an investment tool similar to the way Bitcoin is now being used. The cost of transactions will become very high and people will prefer to keep their ETH on cold wallets, hoping the currency will start growing in the future. If this happens, we will have to switch to an alternative cryptocurrency with a commensurate level of security, accessibility, and speed of operation. However, it will take some time.

3. We believe that the blockchain technology can solve current problems in the lottery industry like no other tool. Its implementation will bring the lottery industry to a new level of development, making it as transparent and accessible as possible.

More information you can find in Whitepaper

When the first jackpot is paid out, there will be no money left in the prize pool. How are you going to make payments after that? Will you have to suspend the operation of the platform?

Each lottery has its own jackpot. The chances of paying all of them out at the same time are extremely small. The probability of winning a 6/45 lottery jackpot is 1 to 8.15 million. If somebody wins a jackpot, the new one will be formed using funds from the reserve prize pool. The system is arranged in such a way that funds collected in each drawing are used only in the next drawing. This means that the system replenishes itself, has a reserve source of funding and will hardly ever have to face lack of funds. Also, as it has already been said, each jackpot has its own cryptocurrency wallet which our team can replenish with extra funds if needed.

More information you can find in Whitepaper

If your ICO is successful, will you expand the platform (for example, adding
new lotteries

Yes, we are planning to launch Bingo 37 and Keno, two very popular lottery types
after the ICO is completed. If any other new lotteries appear on the market and start
gaining in popularity, we can easily add them to the platform. This is what makes our
product unique.

More information you can find in Whitepaper

Have you had / are you going to have your smart contract checked by an
independent auditor?

No, we have not had it audited as there is no need for it. Subscribers of our Russian and English Telegram groups, who know a lot about the technology, have checked our code many times and confirmed that there are not any flaws. Anybody can go and check it themselves. If our users find any flaws in the future, they will let us know.

Platform performance is monitored by the Internet community itself, which is a more transparent way than having to trust an auditor. There are too many questions that can be raised if an auditor is invited.Where was this auditor certified? How do we know that this person is impartial? How often does the auditor recheck the code? Why was this auditing company chosen? Moreover, the fact that we are planning to obtain gaming licenses means that our software will be certified.

More information you can find in Whitepaper

Where will the jackpot be stored and how will funds be transferred there?

The jackpot for each lottery will be stored in a corresponding smart contract. Funds have already been transferred to the smart contracts, and anybody can win a jackpot now. After we carry out all the necessary tests, we will transfer more funds to the smart contracts. Funds can be transferred there at any time. Also, each lottery ticket sold will make our jackpots grow. The lottery is already in the operating mode.

More information you can find in Whitepaper

How can I be sure that the information about winnings and the number of tickets sold is correct? Is there any tool that can be used to check this
information?

There is a Statistics tab in the lottery menu. This tab contains information about the number of tickets sold, numbers drawn, jackpots and winners’ wallets (showing how many numbers were matched and what the payouts were). This information can be verified through Etherscan and the program code shared on GitHub.

More information you can find in Whitepaper

What do you think are the main risks to the project?

1. A situation in which the global community stops using cryptocurrencies or they become banned and criminalized in most developed countries.

2. The use of Ethereum, the main means of payment at the moment, as an investment tool similar to the way Bitcoin is now being used. The cost of transactions will become very high and people will prefer to keep their ETH on cold wallets,
hoping the currency will start growing in the future. If this happens, we will have to switch to an alternative cryptocurrency with a commensurate level of security, accessibility, and speed of operation. However, it will take some time.

3. We believe that the blockchain technology can solve current problems in the lottery industry like no other tool. Its implementation will bring the lottery industry to a new level of development, making it as transparent and accessible as possible.

More information you can find in whitepaper

https://firelotto.io/whitepaper_en.pdf