Popular questions and answers about Fire Lotto International Blockchain Lottery.

[jamecuvier1221]

I would like to know more about the team who are behind this because no profile links are available to get more details.

[phucngungoc]

Fire Lotto (FLOT) is listed Yobit exchange

https://twitter.com/YobitExchange/status/987031096071159808

https://yobit.net/en/trade/FLOT/BTC

Congratulation !

Wish you very happy trading !

[gerald246kru]

Fire Lotto [FLOT] is listed: https://yobit.net/en/trade/FLOT/BTC
Fire Lotto Dice: https://yobit.net/en/dice/FLOT

[cryptomayer]

The project looks very interesting, maybe a little more information about the development team will be good. I'll keep an eye on your work. Luck

[ket_gav]

I would like to know more about the team who are behind this because no profile links are available to get more details.

You can see team members on our web-site firelotto.io

[ket_gav]

The project looks very interesting, maybe a little more information about the development team will be good. I'll keep an eye on your work. Luck

We have finished ICO successful and now we will start listing on exchanges in May. What do you want to know about team members?

[ket_gav]

Fire Lotto (FLOT) is listed Yobit exchange

https://twitter.com/YobitExchange/status/987031096071159808

https://yobit.net/en/trade/FLOT/BTC

Congratulation !

Wish you very happy trading !

In May will be official listing on 4 exchanges

[Deterok018]

WHY THE FIRE LOTTO WILL BE PLAYED ALL OVER THE WORLD?

 The initial guaranteed prize pool is over USD 1.1 million.
- The amount of the prize pool can grow up to dozens of millions of dollars.
- A record 70% of funds collected from ticket sales will be allocated to the prize
pool.
- Neither winning numbers nor lottery tickets can be faked.
- Distribution and payout procedures are transparent and supported by smart
contracts.
- The lottery is based on the ETH blockchain. All the parameters of the lottery
are included in the program code, which will be open to anybody willing to
check it.
- This lottery cannot be banned. You only need Internet access and a
cryptocurrency wallet to play it.
- A comfortable and user-friendly interface. A game that is played in one click.
- One ticket costs USD 2.00, a sum that millions of players around the world
are accustomed to.
- There is no possibility of system abuse.
- The Fire Lotto is anonymous.
- Winnings of any size are paid out almost instantly.
- Winnings are not taxed.
- The fact that the lottery platform is decentralized means that the platform
will operate independently and autonomously as long as there are gambling
enthusiasts, the Internet, and cryptocurrency.
- Sales commission payments are secured by smart contracts and provide token
holders with an almost endless source of income.
- The price of Fire Lotto tokens will constantly increase.

[Deterok018]

Distribution of Fire Lotto Prize Pool.

Winnings are automatically paid in full within 90 seconds of the drawing. Transfers are made to the cryptocurrency wallets that were used to buy the winning tickets. In the draw lottery, every 10th ticket wins a prize. What makes our lottery special is the fact that our winners will always win. The thing is that many lotteries have a payout rate of 1 for two matching numbers, which means that players only win back their bet.

However, we should remember that there is a tax on gambling winnings, which means that the player who guessed two numbers will lose at least 30% of their bet rather than win anything. In our lottery, the minimum payout rate for two matching numbers is at least 1.6, which means that the player will get paid back more than one and a half of the cost of the ticket.

Fire Lotto token holders will also have sales commission transferred to their cryptocurrency wallets after the drawing. The sales commission rate will be fixed in the smart contract. Commission will be paid in ETH. Token holders will be free to use their share of sales commission as they wish.
All processes and distribution operations in the system will be carried out based on the mechanisms built into smart contracts, which will exclude the possibility of their being influenced by the lottery organizers.

Everything will be done autonomously, honestly and transparently.

[ket_gav]

Hello FireLotto community!
We have some amazing news to share. FireLotto is listed on YoBit now. This is very exciting for all of us here at FireLotto and we wanted to share this news with our community immediately.

23 April 2018, Hong Kong – FireLotto and the Yobit Exchange, today announced that FLOT token has been listed on Yobit’s exchange and is now available for trading.

“Our choice of Yobit exchange came after extensive due diligence to find an exchange that best match our short-to-medium term goal and the interests of our current token holders.” says Roman Demidov, the CEO at FireLotto.

ABOUT YOBIT  More than 27,4 million people visit the YoBit exchange platform monthly and generate $32 million trade volume each day. FireLotto platform introduced a new opportunity for its users to play lottery online by using a transparent mechanism that blockchain provides.
Visit https://yobit.net/en/ to start trading.
FireLotto also got listed on a few more exchanges such as:
EtherDelta
CREX24
ForkDelta
The FireLotto Token Project

As cryptocurrency continues to expand all over the globe, new questions rise on the potential of the blockchain. Thus, such innovative service as FireLotto is introduced. FireLotto is a fully decentralized lottery platform built on Ethereum smart contracts. Fire Lotto is going to be the most honest lottery thanks to the fact that winning numbers are going to be chosen by RNG based on blockchain technology Bitcoin, so there is no possibility to fake the results. Moreover, all lottery parameters are in open source, they are accessible and fully transparent 24/7. What is even more important decentralized this platform provides full autonomy and independence.

There is also a number of interesting features released:
• Price of a lottery ticket is about $2
• Instant winnings payout
• You need only crypto wallet and Internet access to play and win
Visit https://firelotto.io for more information.
Addition of the token to quoting lists will result into multiple positive effects such as improved liquidity of the token, extra attention to the project and further fueling of FireLotto active community that together will contribute to the platform marketing efforts on rapidly developing Asian markets.

Thank you all for your support and patience!  FireLotto Team

[Deterok018]

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

[ket_gav]

Lottery smart contact address. All information is on  firelotto.com

6x45 : 0x2734B99e2C62cA70fE753a0cbcD3a90930E1EEC9

5x36: 0x10C621008B210C3A5d0385e458B48af05BF4Ec88

4x20: 0x2020fE9fA0f43fDe44360AAe03138C4B6AB35055[/color]

[Deterok018]

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

[Deterok018]

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

[Deterok018]

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

[Deterok018]

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

[Deterok018]

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

[Deterok018]

Greetings everyone! We have a wonderful announcement that the payment of rewards of FireLotto (FLOT) token will now happen on April 30.

It’s the first ever reward payment to all FLOT token holders. The reward will be paid in 10% of all ticket sales on FireLotto blockchain lottery. Previously, we had decided to hold it for 4 weeks after the ICO. However, due to major breakthroughs in our lottery development, it will now be enabled earlier.

Thus, after the 1st reward payment to all FLOT token holders, you will now be able to earn rewards from your FLOT token and participate in receiving revenue from FireLotto lottery.

NOTE: FLOT IS FIXED SUPPLY AT 100M. All FLOT TOKEN HOLDERS ONLY GET 10% FROM THE LOTTERY REVENUE. THERE IS NO INFLATION MODEL. EVERY TIME FLOT IS REWARDED, MORE VALUE IS BEING ADDED INTO THE SYSTEM THROUGH INCREASED LOTTERY PARTICIPATION AMONG PLAYERS.
The 2nd and following reward payments will be conducted in the 7th date of each OTHER month starting from July 7th.

In order to receive reward, your FLOT tokens must be in your personal wallet (not in exchange wallet) at the time when reward is calculated (7th day of each OTHER month starting from July 7th).

We need this in order to get your wallet information in Ethereum in order to pay you the rewards from FireLotto lottery.

You can move to any other wallets, sell and buy FLOT token in other time.

Typically, it takes from several minutes to several days to receive commission depending on Ethereum network performance.

THE TOKEN ADDRESS: 0x049399a6b048d52971f7d122ae21a1532722285f

THE TOKEN NAME: FLOT

DECIMALS: 18

Example for the April 30 reward payment:

You need to have your FLOT token from 11:00 till 13:00 UTC. We will start sending rewards after 12:00 UTC.

How we calculate reward payments:

Our system will check data about FLOT tokens in Ethereum wallets at 12:00 UTC on the day of reward payment. The amount of payment will be calculated in proportion of the total number of tokens participating in reward payment.

All ICO buyers, bounty and referral campaign participants are eligible to receive reward payments. The token that are frozen after ICO and team token will not participate in the reward system payment.

Important: in order to be eligible for reward, you must to have at least 500 FLOT tokens on the day of reward payment.

You can always check the number of sold tickets in the History of lotteries in your dashboard on https://firelotto.com

https://medium.com/@FireLottery/rewards-tokens-flot-will-be-conducted-in-april-30-e15af410b6d7



https://image.ibb.co/eFiwtc/1_0q_h_LG1_XXp_JTTe_YYTqu6_Fw.png

[Deterok018]

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

[Deterok018]

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