Hi BitcoinTalk,
I wanted to introduce a token I have been working on for the last few months. We have launched and are past the initial airdrop where we distributed LOT tokens to nearly 900 participants. Since then we have given away a further 1,450,000 LOT tokens via the lottery system!
The Lottery Token blurb is posted below but check the website and twitter more information and updates.
Thanks!
What is Lottery Token?Lottery Token (LOT) is a standard ERC20 token with a distribution system similar to a lottery or raffle.
How does the lottery system work?Each day at a random time the Ethereum network will be scanned.
A random address in the top 1,000 LOT token holders will be chosen as a winner using random.org.
The winner will be sent an amount equal to 25x their balance!
So if an address that contains 1,000 LOT wins then that address will receive 25,000 LOT!
What was the initial distribution?The LOT token has a total supply of 1 Quadrillion tokens (1,000,000,000,000,000 LOT).
1 Million (1,000,000 LOT) of these tokens were available during the airdrop, equally distributed to 1000 addresses. (almost 900,000 were claimed).
1 Million (1,000,000 LOT) of the tokens were reserved for the creator of the token and token maintenance costs.
This puts the initial distribution at a 50/50 split between creator and airdrop sign ups.
The remainder of the tokens will be used as a reward bank.
LinksOfficial Website:
https://lotterytoken.wordpress.comEtherscan:
https://etherscan.io/token/0xfb838ae5980c8d3beb3f8df6e0232aad4a1f5a17Twitter:
https://twitter.com/LotteryToken?s=09
