Hello everybody!
My name is Nik and I am the representative for the TrueFlip.io project for the community.
First of all, let me thank you for this article. We've planned to open our official bitcointalk page this week, but you outpaced us). We will publish a link to the official channel this friday.
Let me introduce our product, team and plans.We are proud to announce that our blockchain lottery, Trueflip.io, is ready for beta testing on a global scale in the Bitcoin community! After months of dedication to this project, beta testing is now available to everyone.
Our game looks the same as any ordinary lottery (for example Powerball): you guess 5 numbers between 1 and 49 and 1 between 1 and 26 (we decided to significantly increase the win probability by reducing the total quantity of numbers from 75 to 49, which gives about 1.3 times more chances to win than the PowerBall does). After that, our system randomly draws 6 numbered balls and this process is totally transparent!
However, these are all similarities to classic lotteries. Our advantage comes from the fact that our lottery is fully based on the Bitcoin and blockchain. We applied these advanced IT technologies to completely overhaul the rules of the game that has not been changed for almost 500 years. Our goal was to make it more convenient, open, fair, and valuable.
How does the draw take place?The Trueflip.io lottery system works by taking the fetching the first hash in blockchain which appears after 20:00 UTC (which is impossible to know in advance and last ticket for the draw can be purchased up to 19:30) and plugging it into the algorithm which can be found on
Github, to generate the six numbers for the upcoming drawing. This process is repeated for every draw at 20:00 every day. Here you can
watch an explanation of the process or read an article in our official
Medium Blog.
More info about the product and its advantages you can find on our site -
http://trueflip.io/info/about.
Now about ICO we want to participate in May-June 2017.First of all, what differs us from other ICO’s - we’ve already made the product, despite others who just promise to develop something in the future. So why do we still need ICO? Here are the main points:
1.
JackPot. A lottery will be interesting only if there is a BIG Jackpot - so we want to raise at least 1 000 BTC Jacpot from ICO campaign.
2.
Transparency. We want prove to the community that our game is fair. As for this very moment Trueflip is not transparent for 100%. We know this and have a plan how to move Trueflip to full decentralization and make it independent to any third parties (including the team). We will explain our plans in the White Paper in the end of this week.
3.
Marketing and PR. We understand that a few projects can get millions clients without marketing budget. So, selling TFL tokens will assemble a budget for worldwide marketing campaign. We have a solid marketing strategy.
Here are the percentages for ICO token and Ticket:
| TFL token structure (price from 0.007 to 0.025 BTC) | 100% |
| Jackpot | 55% |
| Marketing | 30% |
| Decentalized token development | 10% |
| Management fee | 5% |
| Ticket (constant price 0.001 BTC) | 100% |
| Jackpot | 65% |
| Marketing | 15% |
| Management fee | 5% |
| Dividends | 15% |
One more thing - we are going to contribute 80% of all the emission to community (800 000 TFL tokens for ICO and 200 000 TFL tokens will be stayed for the team).
Concerning Marketing budget - we know how to achieve 100 000+ users per day. It is expensive but effective. All reports will be transparent for shareholders. And after becoming decentralized, all shareholders will be able to vote for reducing or increasing of the marketing budget or dividends.
About our team: we are international: Russia, Canada, Brasil, China, Japan and other countries. We have great experience in product development (more than 12 years). Core developers are well experienced in blockchain. Also we are working to engage some well-known community people to our advisory board.
We have much more information we would love to share with you and will next time in our official bitcointalk page.
We are open to discuss our project and make true decisions. Feel free to ask any question.
