[ANN] [ICO] [YOLO] UltraYOLO Project - Decentralized Global Lottery Platform

[ultrayolo]

https://i.imgur.com/D0zh4aK.jpg

Youtube: https://youtu.be/zlKgkzzlePs
Vimeo: https://vimeo.com/254551014

Hi Bitcointalk -

Our dream is to build the world’s largest decentralized lottery on the blockchain. We are a small team of hardcore crypto enthusiasts from Silicon Valley. Currently the project is bootstrapped with no prior presale or large investors. We believe in the decentralized vision and see Venture Capital as undemocratic and a conflict of interest.

In our opinion, our technology is the most developed and well thought out of of existing blockchain lottery projects. Currently we have a lottery dApp on the Rinkeby Testnet and will be pushing out updates as they come.

We hope that you find our project and technology to be interesting enough to contribute and support us as we continue developing. As initial contributions trickle in, we will be immediately using it to scale marketing of the YOLO brand and development of the technology. 100% of Pre-ICO funds will be used for marketing and development of the product. Our team is aware of more well known existing lottery projects and we see ourselves as a fundamentally more technical and decentralized darkhorse project that will end up on top.

For a much deeper look at our project, please have a look at our whitepaper. We are open to community feedback!

Now, to introduce the UltraYOLO project:

ULTRAYOLO

UltraYOLO is a next generation decentralized lottery and casino-style gaming platform on the blockchain. With technologies such as Masternodes, Proof-of-Randomness, and a game engine, UltraYOLO is proven to be fair, tamper-proof, anonymous, and highly scalable.

PROOF OF RANDOMNESS - DISRUPTING THE LOTTERY INDUSTRY

UltraYOLO seeks to disrupt the lottery industry. Traditional lottery games suffer from centralization and high fees, while current blockchain proposals of lottery games either lack a good source of randomness or suffer greatly from high fees, slow transaction speeds, and scalability-related issues. UltraYOLO solves the scalability problem by building its own PoS blockchain, and solves the randomness problem via a random-number-generating consensus scheme built at the protocol level, which the team deems “Proof-of-Randomness”. Proof-of-Randomness (PoS) protocol uses state-of-the-art BLS Threshold Relay technology to generate provably random (NP-hard) numbers. The random numbers generated are guaranteed via BLS’ Verifiable Random Functions (VRF). See our whitepaper for a more detailed explanation.

YOLO GAME ENGINE

On top of the protocol, the UltraYOLO team has devised a game engine, where future developers can develop their own games taking advantage of the Proof-of-Randomness protocol. The game engine is aimed to provide smart-contract like support to the system, featuring a turing-complete, stack-based programming language as well as an execution environment that allows the lottery game to execute on its own. It is a similar in idea but a much simpler version of the Ethereum Virtual Machine (EVM) that’s built specifically for lottery and casino games. Developers will be able specify gaming entities: lottery tickets and jackpot in the lottery game case, and rules around the game: prize-winners in the lottery case. The game engine will guarantee games run without a central authority and prizes will be distributed according to rules written into the contracts, “Code is Law”.

DECENTRALIZED MASTERNODES

The YOLO coin will be on the UltraYOLO blockchain and used by both the masternodes and the lottery game players. Masternodes stake their YOLO coins to mine blocks and be part of the random number generation event, they will in turn receive miner rewards and part of the jackpot for helping with the lottery game. Players can first receive YOLO tokens by participating in the ICO event or have a valid YOLO wallet address during airdrop promotions aimed to promote the UltraYOLO platform. At a later date, we will redeem YOLO tokens for YOLO coins.

With a world-class development and marketing team, a functioning prototype and a rapidly developing blockchain ecosystem, UltraYOLO is set to disrupt the lottery and casino-gaming industry. #YOLO

WHY INVEST IN ULTRAYOLO?
Token holders will receive a percentage of weekly lottery sales. In addition, token holders will be allowed to participate in our DAO which is modeled off of the World Lottery Association. Future lotteries and changes to the structure of the UltraYOLO project will go through token holders.  


ICO SALE MECHANICS

1 Presale
To encourage early adopters, UltraYOLO is distributing 200 million YOLO tokens (10% of circulation supply) in a presale. In order to participate, supporters are required to register on the official site. Participants will be rewarded with a bonus of 25%, and 35% if put in a larger amount. The presale is planned to take place on February 2018 for the duration one week or until the 200 million tokens are sold out. Only ETH will be accepted in this presale round.

2 Public Sale
A public sale will be conducted shortly following the presale in March 2018, with exact dates to be announced. The remaining circulation supply of 1800 million YOLO tokens will be distributed at a rate of $0.005 per token. There will be discounts for early participants in as well going down linearly as sales goes on. There will be exact details announced on a later date. Participants in this round will be required to register on the official site as well. The currencies accepted in this round will include: ETH, BTC, LTC and XLM to tailor to a wider public. Participants will need to provide an ERC-20 compatible wallet address if participating in currencies other than ETH.

3 Token Distribution
All YOLO tokens from the ICO will be distributed immediately after the public sale concludes, and will be tradable on EtherDelta, after which point team will be actively working on subsequent exchange listings. At a further date, the YOLO tokens will be redeemed for YOLO coins.


BOUNTY

We are looking for people to do a translations for our whitepaper.

Bounty program is currently developed and will be released soon. We have allocated a significant portion of allocated YOLO tokens for the bounty program. In the works are a signature campaign, social media campaign, and meme campaign.


CONTACT

Website:  https://www.ultrayolo.com
Telegram: https://t.me/ultrayolo
Discord: https://discord.gg/xYWDG7Y
Medium:  https://medium.com/@ultrayolocoin
Twitter: https://twitter.com/ultrayolocoin
Github: https://github.com/ultra-yolo
Reddit: https://www.reddit.com/user/ultrayolo/
Whitepaper:  https://www.ultrayolo.com/whitepaper.pdf/

[1714599344]

1714599344

[gold969]

Hi Bitcointalk -

Our dream is to build the world’s largest decentralized lottery on the blockchain. We are a small team of hardcore crypto enthusiasts from Silicon Valley. Currently the project is bootstrapped with no prior presale or large investors. We believe in the decentralized vision and see Venture Capital as undemocratic and a conflict of interest.

In our opinion, our technology is the most developed and well thought out of of existing blockchain lottery projects. Currently we have a lottery dApp on the Rinkeby Testnet and will be pushing out updates as they come.

We hope that you find our project and technology to be interesting enough to contribute and support us as we continue developing. As initial contributions trickle in, we will be immediately using it to scale marketing of the YOLO brand and development of the technology. 100% of Pre-ICO funds will be used for marketing and development of the product. Our team is aware of more well known existing lottery projects and we see ourselves as a fundamentally more technical and decentralized darkhorse project that will end up on top.

For a much deeper look at our project, please have a look at our whitepaper. We are open to community feedback!

Now, to introduce the UltraYOLO project:

ULTRAYOLO

UltraYOLO is a next generation decentralized lottery and casino-style gaming platform on the blockchain. With technologies such as Masternodes, Proof-of-Randomness, and a game engine, UltraYOLO is proven to be fair, tamper-proof, anonymous, and highly scalable.

PROOF OF RANDOMNESS - DISRUPTING THE LOTTERY INDUSTRY

UltraYOLO seeks to disrupt the lottery industry. Traditional lottery games suffer from centralization and high fees, while current blockchain proposals of lottery games either lack a good source of randomness or suffer greatly from high fees, slow transaction speeds, and scalability-related issues. UltraYOLO solves the scalability problem by building its own PoS blockchain, and solves the randomness problem via a random-number-generating consensus scheme built at the protocol level, which the team deems “Proof-of-Randomness”. Proof-of-Randomness (PoS) protocol uses state-of-the-art BLS Threshold Relay technology to generate provably random (NP-hard) numbers. The random numbers generated are guaranteed via BLS’ Verifiable Random Functions (VRF). See our whitepaper for a more detailed explanation.

YOLO GAME ENGINE

On top of the protocol, the UltraYOLO team has devised a game engine, where future developers can develop their own games taking advantage of the Proof-of-Randomness protocol. The game engine is aimed to provide smart-contract like support to the system, featuring a turing-complete, stack-based programming language as well as an execution environment that allows the lottery game to execute on its own. It is a similar in idea but a much simpler version of the Ethereum Virtual Machine (EVM) that’s built specifically for lottery and casino games. Developers will be able specify gaming entities: lottery tickets and jackpot in the lottery game case, and rules around the game: prize-winners in the lottery case. The game engine will guarantee games run without a central authority and prizes will be distributed according to rules written into the contracts, “Code is Law”.

DECENTRALIZED MASTERNODES

The YOLO coin will be on the UltraYOLO blockchain and used by both the masternodes and the lottery game players. Masternodes stake their YOLO coins to mine blocks and be part of the random number generation event, they will in turn receive miner rewards and part of the jackpot for helping with the lottery game. Players can first receive YOLO tokens by participating in the ICO event or have a valid YOLO wallet address during airdrop promotions aimed to promote the UltraYOLO platform. At a later date, we will redeem YOLO tokens for YOLO coins.

With a world-class development and marketing team, a functioning prototype and a rapidly developing blockchain ecosystem, UltraYOLO is set to disrupt the lottery and casino-gaming industry. #YOLO

WHY INVEST IN ULTRAYOLO?
Token holders will receive a percentage of weekly lottery sales. In addition, token holders will be allowed to participate in our DAO which is modeled off of the World Lottery Association. Future lotteries and changes to the structure of the UltraYOLO project will go through token holders.  


ICO SALE MECHANICS

1 Presale
To encourage early adopters, UltraYOLO is distributing 200 million YOLO tokens (10% of circulation supply) in a presale. In order to participate, supporters are required to register on the official site. Participants will be rewarded with a bonus of 25%, and 35% if put in a larger amount. The presale is planned to take place on February 2018 for the duration one week or until the 200 million tokens are sold out. Only ETH will be accepted in this presale round.

2 Public Sale
A public sale will be conducted shortly following the presale in March 2018, with exact dates to be announced. The remaining circulation supply of 1800 million YOLO tokens will be distributed at a rate of $0.005 per token. There will be discounts for early participants in as well going down linearly as sales goes on. There will be exact details announced on a later date. Participants in this round will be required to register on the official site as well. The currencies accepted in this round will include: ETH, BTC, LTC and XLM to tailor to a wider public. Participants will need to provide an ERC-20 compatible wallet address if participating in currencies other than ETH.

3 Token Distribution
All YOLO tokens from the ICO will be distributed immediately after the public sale concludes, and will be tradable on EtherDelta, after which point team will be actively working on subsequent exchange listings. At a further date, the YOLO tokens will be redeemed for YOLO coins.


BOUNTY

We are looking for people to do a translations for our whitepaper.

Bounty program is currently developed and will be released soon. We have allocated a significant portion of allocated YOLO tokens for the bounty program. In the works are a signature campaign, social media campaign, and meme campaign.


CONTACT

Website:  https://www.ultrayolo.com
Telegram: https://t.me/ultrayolo
Discord: https://discord.gg/xYWDG7Y
Medium:  https://medium.com/@ultrayolocoin
Twitter: https://twitter.com/ultrayolocoin
Github: https://github.com/ultra-yolo
Reddit: https://www.reddit.com/user/ultrayolo/
Whitepaper:  https://www.ultrayolo.com/whitepaper.pdf/

Your Tweet, if you want to thank the addresses that you will always find on my Twitter page https://twitter.com/Bill_Djons/status/960485333199675394

[IndzheborgC]

And how will problems with the law, taxation for different countries be solved? The organization of the lottery is not a simple matter.

[ultrayolo]

@IndzheborgC

Our project's vision is to build a decentralized lottery protocol with anonymous payouts. Owners of the tokens are members of our DAO and should collectively decide how to deal with future regulations and taxations.

In the meantime, our team is in talks with our legal counsel on acquiring an online gaming/casino license.

[ultrayolo]

Hi Everyone -

We have updated our explainer video. Hopefully this generates more interest in the project. We are dedicated to making this project succeed.
Current plans are to run a massive marketing effort on Youtube and FB video. Also keep an eye out for our site redesign in the works.

Youtube: https://youtu.be/zlKgkzzlePs
Vimeo: https://vimeo.com/254551014

[lubing7683]

What algorithm or protocol is the project based on? I read that this is a Masternodes network, can I run Masternodes? how do i run it?

[ultrayolo]

@ lubing7683

Yes, we plan on introducing the masternodes to our system. Currently we are starting with an ERC20 token for the crowdsale. Since the smart contract technology is readily available, we can start building up the lottery aspect of this project. Our solidity code is available on github.

We plan on eventually converting this token to our own coin, but as our coin will have additional features to the protocol and we will need additional development work. This is planned to be rolled out at a later date. The tokens will be convertible for an equal amount of our coin.

I hope this answers your questions. If you have any others, please let me know!!!

[ultrayolo]

Hi everyone -

Our new site up! I hope you like the redesign.

https://ultrayolo.com

Also, the pre sale contract is up!

[ultrayolo]

An update for everyone:

In this article we go indepth on our "Proof-of-Randomness" protocol:
https://medium.com/ultrayolo/ultrayolos-random-number-generation-rng-on-the-blockchain-proof-of-randomness-c8e35d538d5a

[Vinxent]

Interesting project and soft cap it seems to me to collect very realistically, it seems to me hard to get a hard cap, but I will observe the work of the team.

[John Nathan]

Interested in project, waiting bounty. GoodLuck!