BITLOTCOIN CRYPTOCURRENCY
Goodwill From Small Amount Of Money
WHITEPAPER
PRESENTATION
SUMARY
BLC is an online lottery community. We develop based on Bitcoin technology, with a strong commitment to transparency and fairness. We are willing to hold regular voting to decide on the development of our community.
We award Token to Token owners as a sign of recognition to their special contribution to the community.
A large share of the token will be distribute to the community. We will keep 5% for the maintenance expense of the system.
After each Token sale, we will remove the remaining token or continue to distribute among previous holders.
We pursue the greater cause: to bring another source of income to people who want to become online agent on Bitcoin technology all over the world. In every country, there will be separated room, each with its own master agents, whose job is, as the community leader, to build up the network of fellow lottery players. The whole network balance will start at 0, and increase for every missed pot. And if any player in the same network hit jackpot will be awarded with bitcoin. 10% of the total network fund wil lbe added for the next lottery spinning. And of course there will be rewards for the master agents and room leaders.
We create a community with an aim to develop social welfare, and help people with a chance to win lottery. And the rate of winning in Bit Lot Community is very high, we assure that no one will have to play for his own life without winning once. We advise you to start with a small online network, develop the community and spend 2 dollars for 2 tickets each week to help others. For more information, please refer to our Terms and Conditions.
We have Terms and Conditions, Transparency disclosure, Privacy agreement and Introductory network agreement.
Introduction
Summary of the global online gaming network:
According to analysts in Technavio, global online gaming market is one with tremendous potential, with an impressive growth of 11% annually during the analyzed period. The existing gaming infrastructure is one of the key drives behind the rise of the market in the following years. Due to the ever increasing demand for online gaming, developers have to shift their focus to providing gamers with the best gaming experience by creating games with higher graphics. Moreover, the introduction of advanced AV devices that are compatible with gaming consoles such as Playstation and XBOX and the development in high brandwidth internet line to support online gaming are some other key components to the development of the market.
According to these market researchs, analysts have forcasted the potential growth of the market based on increased demand and exposure to the online gaming industry. The rise in popularity of E-sport in recent years have attracted many big sponsors such as Red Bull and Coke. Twitch, an American streamming platform that has recently been acquired by Amazon, is the main drives for the rise of E-sport in Asia. This popularity is believed to lead to the higher demand for gaming consoles, MMO games and therefore will bring an even greater growth to the online gaming industry in the next four years.
Casino is one of the largest components of the offline gambling market in 2016, with a total value of 140 billion USD and 40% of market share. Lottery contributed 30.9% (111 billion USD), followed by slot machine with 19.3% (69.4 billion USD)
Blockchain technology in online gambling:
The ever popularity of online casino and the rapid advance in blockchain technology, as well as the undeniable liquidity of bitcoin have create many new payment method for this market.
Many organizations and individuals believe that bitcoin will replace many global currency, including those who have passion for online gambling and lottery. And they all share a common wish that bitcoin will be used in the industry.
The main attractiveness of bitcoin:
• Owner can remain annonymous
• Fast payment process
• Unlimited number of transaction
• Increasing value of currency over time
Therefore, a lottery system with the use of bitcoin is a large market that combine with the trending in online gambling that will bring many special opportunities thanks to the increase in number of bitcoin owners.
There are many issues regarding the traditional lottery model: the security of the winners due to exposed personal identity, high fees and other taxes. With BLC, winners can remain annonymous if they wish, and there are no other fee and income taxes. Moreover, it is the fairness and transparency that makes BLC different. Every funding, every lottery round, distribution of winnings and other activities are transparent and 100% fair, due to the supervisor from leaders and the whole networks, who create the BLC community.
OUR MISSION
Lottery, as everyone knows, is the shortest way to wealth and success. Millions of people believe in this and each year, there are countless people who have once tried their luck by purchasing a lottery ticket. And of course, only the luckiest of them can win.
Our mission is to change lottery from a choice of purely luck to a work, a dream for those who pursue luck. You can join us as an BLC agent. And we hope to create a safe place for you to generate passive income, a place which is clear, belonged to the community and also the largest global lottery place.
Many lottery organizations lack transparency due to greed, dictatorship or even intervention from local government. We want to build a public lottery platform that does not belong to or depend on any organization or individual that can influence the community.
BLCC CRYPTOCURRENCY
BLCC digital currency is converted from Bitcoin, that is created to work as a token to purchase lottery tickets. The currency can only applied at Bitlotcommunity.
We guarantee that the amount of bitcoin we hold will be converted to BLC to purchase lottery ticket. With this BLC currency, it will be easier for us to manage and report. And from BLC, you can purchase our ICO token. We guarantee to keep BLC under inflation that may damage the community.
The starting price for 1 BLC during pre-sale is 0.5$. This rate is subjected to change during ICO.Every operation in the system will use BLC only.
If you want to withdraw Bitcoin, simply login to the system to place a convert and withdraw request.
BLCC DetailMaximum cap on crowdsale: 30,000,000 BLCC
Total Available : 7,000,000
5% sold in pre-sale
20% sold early adopters
70% for public sale
5% for referral program sponsor
BLCC Structure20% for Jackpot
49% for lending
10% for marketing
10% for referral program
5% for development
5% for Operation
1% for Mining
BLCC ICOSTART Pre-sale November 23rd 2017
Stage 1: 350,000 BLCC . Price : 0.5$
Stage 2: 1,400,000 BLCC . Price : 0.7$
Stage 3: 4,900,000 BLCC . Price : 0.9$
END Pre-sale December24th 2017
Operation Plan
Transparency
BLC is a lottery system based on bitcoin platform. BLC is public and fair because it is comprised of many online master agents all over the world. Each master agent has his own base, team and community, with separated fund for their own activities and supervision. We will not intervene in any way with their fund.
Each agent will have a limited number in their network. In order to increase the number, agent will have to register for more.
We use lottery result from one of the biggest lottery company in the US, as we have faith in their operations due to their long history and prestige.
You choose one number from 01 to 75 and another number from 01 to 15. We will increase your chance of winning by adding these: if you join a network of under 50, you only need to choose one golden ball from 01 to 15. If you join a network of more than 50 people, you have to choose 1 largest number on 5th slot from 29 to 75 and 1 golden ball from 01 to 15. This will increase your chance of wining to 130 times of the traditional Powerball lottery. You will find lottery much easier and there is no need to pray for winning.
However, everything is similar to traditional lottery. Our advantage comes from the peer supervising, our people network, agent or individual can easily supervise the winnings and to gain stable income from lottery. Everything is clear and is under supervisored from users.
Where do we take lottery result? Why is it transparent?
We will take lottery result from one of the longest-standing and most prestigious American lottery companies with many jackpot winners. We use this as our result because we do not want to use our own algorithm for calculating jackpot - we fear that even if we public it on GitHub, our community and our token holder will not have faith. We do not want the community to accuse us of cheating as transparency and fairness are what we strive to bring to our community.
The result will be announce at 11pm ET every Tuesday and Friday. All bets will be locked 1 hour before the announcement time, all sessions will be ended. We will not provide any further explanation for the result, as we do not create, control or intervene with these results.
After announcing the result, our system will automatically:
• The expected winning value is 12 times the betting value
• Return winnings to the winners
• Return winnings to the agents
As we build up the network on bitcoin platform:
• Anyone in the world can join us without providing a lot of information.
• Anyone can become our agent without any registration conditions except for a deposit for operation.
• The result is provided by a third party, therefore it does not affects the project.
• Winnings will be distributed immediately without inteference of any other third parties.
LENDING PROGRAM
Our blockchain lottery project aim to bring luck and prosperousity to every participants. In addition to that, we are preparing to launch the lending service based on the listed price of BLCC after ICO. The value can increase by 2 times, 3 times or even multiple times. Lending can add a stable daily income stream to any individual or company's porfolio. The income stream will be attractive for those who wish to have a long-term cooperation with us. Below is the complete BLC model:
Conclusion
This document describe the mission, business plan and operation of BLC with the aim to maintain and develop BLC platform
Bitlotcommunity is an automated system based on privacy for user, transparency on operation and safeguard on management procedure.
We hope that more and more people will join BLC and become token holders in the launching period.
Best regards.
