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Author Topic: [ANN][ICO] Fire Lotto - International blockchain LOTTERY (cont)  (Read 236 times)
FLOTS(C)AM (OP)
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April 07, 2018, 06:51:40 AM
 #1

I am an early investor in FireLotto and unhappy with the FUD that the team keeps alive concerning this ICO.

After the original FireLotto thread was inexplicably closed by the OP, I decided to continue the thread, especially since the ICO is still ongoing and there was a lot of interest in it.

There are still some questions that remain insufficiently answered, FL's Telegram Channel is a place where people get banned for posting "difficult" or "uncomfortable" questions. It seems like Bitcointalk is the best avenue for asking critical questions, since at least some of them have been addressed by FL admins.

- The team behind FireLotto is the same team that was behind CashPokerPro, a project where a lot of people lost a lot of money
- FireLotto's CEO was also behind ICOLAB.ME, a short-lived project that "borrowed" some pictures of Jake Brukhman and Adam Draper without asking and added them as advisers to their ICO website. Jake Brukhman exposed them and tweeted about that scam to warn people https://twitter.com/jbrukh/status/950443915999629314, the website was closed down afterwards. The FL team refuses to talk about this.
- the smart contract addresses for token distribution and commission accumulation have not been given, possibly don't exist
- despite claiming "100% transparency" the code on Github is closed source and old
- posted in the Russian thread was a photo of the Instagram account on which Mr. Roman Demidov claimed to have "cured people from cancer, diabetes and other incurable diseases", which doesn't add to the credibility or integrity of FireLotto's CEO
- FireLotto has used three different addresses, first Cyprus, then Singapore and finally in Hong Kong, with the Singapore address apparently being in a beauty mall
- So far, all media exposure through articles has been done through paid publications, essentially advertising dressed up as editorials
- The FireLotto team claimed to have applied for a gaming licence with the Isle of Man gaming commission, the evidence presented in this respect was a photograph taken with a representative of the Isle of Man gaming commission at a trade fair. No other evidence presented and the latest response in this respect was that they are considering their options, which sounds like no application (yet). But in the Telegram channel and elsewhere they were initially boasting that the licence was only a few months away after they had applied for it. Both situations cannot be true at the same time.
- FL team claim to have registered with SEC and are allowed to sell tokens to US citizens, yet they do not use AML/KYC measures. They claim to use SAFT agreements, but SAFTs are not entered into with every person who buys tokens. Not true.
- The White Paper contained a price promise of "at least USD 1" after ICO. This was based on the sole fact that another lottery, TrueFlip (which gets mentioned a LOT in FL's wp) was sold at USD 1 at the time (totally disregarding the fact that TrueFlip has a total token supply of <9m and FL 100m).
- In many places FL claims to operate 4 lotteries, but they really only have 3, with the 4th one being listed as "coming soon" from the start.
- This is also part of the standard repertoire of admin answers, "soon, maybe very soon, after ico, in a few months" etc. No details, hardly any real answers to questions.
- Unsold tokens will be frozen for 12 months, instead of burned. The team has not yet decided how to market the unfrozen tokens next year or what to do with the income.
- Partnertships: ShangriLa is a Georgian casino with headquarter in Tbilisi. It is illegal (online) anywhere except Georgia and is mainly used for money laundering purposes. 1XBET is a scam bookmaker that is licensed in Curacao and is illegal in USA, CHINA, EU, Russia, Japan.. etc... They are mainly targeting former Soviet countries...

So please share your thoughts on this ICO project and I would like to invite FireLotto representatives to take away any and all fear, uncertainty and doubt that still surrounds this project.

PS Burn those unsold tokens!


|| Words are just words - Show me the evidence! ||
AltScope
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April 07, 2018, 07:06:25 AM
 #2

First I've heard of this project.

I'd be very concerned if I'd have invested pretty much everything you've described is a giant red flag

flaggin
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April 07, 2018, 03:51:14 PM
 #3

I am an early investor in FireLotto and unhappy with the FUD that the team keeps alive concerning this ICO.

After the original FireLotto thread was inexplicably closed by the OP, I decided to continue the thread, especially since the ICO is still ongoing and there was a lot of interest in it.

There are still some questions that remain insufficiently answered, FL's Telegram Channel is a place where people get banned for posting "difficult" or "uncomfortable" questions. It seems like Bitcointalk is the best avenue for asking critical questions, since at least some of them have been addressed by FL admins.

- The team behind FireLotto is the same team that was behind CashPokerPro, a project where a lot of people lost a lot of money
- FireLotto's CEO was also behind ICOLAB.ME, a short-lived project that "borrowed" some pictures of Jake Brukhman and Adam Draper without asking and added them as advisers to their ICO website. Jake Brukhman exposed them and tweeted about that scam to warn people https://twitter.com/jbrukh/status/950443915999629314, the website was closed down afterwards. The FL team refuses to talk about this.
- the smart contract addresses for token distribution and commission accumulation have not been given, possibly don't exist
- despite claiming "100% transparency" the code on Github is closed source and old
- posted in the Russian thread was a photo of the Instagram account on which Mr. Roman Demidov claimed to have "cured people from cancer, diabetes and other incurable diseases", which doesn't add to the credibility or integrity of FireLotto's CEO
- FireLotto has used three different addresses, first Cyprus, then Singapore and finally in Hong Kong, with the Singapore address apparently being in a beauty mall
- So far, all media exposure through articles has been done through paid publications, essentially advertising dressed up as editorials
- The FireLotto team claimed to have applied for a gaming licence with the Isle of Man gaming commission, the evidence presented in this respect was a photograph taken with a representative of the Isle of Man gaming commission at a trade fair. No other evidence presented and the latest response in this respect was that they are considering their options, which sounds like no application (yet). But in the Telegram channel and elsewhere they were initially boasting that the licence was only a few months away after they had applied for it. Both situations cannot be true at the same time.
- FL team claim to have registered with SEC and are allowed to sell tokens to US citizens, yet they do not use AML/KYC measures. They claim to use SAFT agreements, but SAFTs are not entered into with every person who buys tokens. Not true.
- The White Paper contained a price promise of "at least USD 1" after ICO. This was based on the sole fact that another lottery, TrueFlip (which gets mentioned a LOT in FL's wp) was sold at USD 1 at the time (totally disregarding the fact that TrueFlip has a total token supply of <9m and FL 100m).
- In many places FL claims to operate 4 lotteries, but they really only have 3, with the 4th one being listed as "coming soon" from the start.
- This is also part of the standard repertoire of admin answers, "soon, maybe very soon, after ico, in a few months" etc. No details, hardly any real answers to questions.
- Unsold tokens will be frozen for 12 months, instead of burned. The team has not yet decided how to market the unfrozen tokens next year or what to do with the income.
- Partnertships: ShangriLa is a Georgian casino with headquarter in Tbilisi. It is illegal (online) anywhere except Georgia and is mainly used for money laundering purposes. 1XBET is a scam bookmaker that is licensed in Curacao and is illegal in USA, CHINA, EU, Russia, Japan.. etc... They are mainly targeting former Soviet countries...

So please share your thoughts on this ICO project and I would like to invite FireLotto representatives to take away any and all fear, uncertainty and doubt that still surrounds this project.

PS Burn those unsold tokens!



When asked again a couple of days ago regarding the Isle of Man license they answered that they were a legal lottery and had the license. I believe the person asking the question has since been banned. As a matter of fact, someone on Telegram did suggest to 'ban that prick.

I had pm'd Ket_Gav and suggested that it may not be a good idea locking the thread. I told them it didn't allow for a fair playing field. I told them that if they felt their project was so bulletproof that they needn't be concerned with what they viewed were negative comments about the project. I told them that locking the thread only further made the project look shady.

Ket_Gav replied by saying they would think about it, however, I doubt they will re-open it if they haven't done so already.

https://s9.postimg.org/4abdu4e27/license.png
FLOTS(C)AM (OP)
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April 08, 2018, 05:29:13 AM
 #4


When asked again a couple of days ago regarding the Isle of Man license they answered that they were a legal lottery and had the license. I believe the person asking the question has since been banned. As a matter of fact, someone on Telegram did suggest to 'ban that prick.

I had pm'd Ket_Gav and suggested that it may not be a good idea locking the thread. I told them it didn't allow for a fair playing field. I told them that if they felt their project was so bulletproof that they needn't be concerned with what they viewed were negative comments about the project. I told them that locking the thread only further made the project look shady.

Ket_Gav replied by saying they would think about it, however, I doubt they will re-open it if they haven't done so already.



It was the op who locked the thread, possibly influenced by the FL admins.

|| Words are just words - Show me the evidence! ||
Dmitry Griz
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April 17, 2018, 11:23:01 AM
 #5

How to add FLOT tokens to your wallet
Login in investors account on firelotto.io
https://medium.com/@FireLottery/how-to-add-flot-tokens-to-your-wallet-4694db5d42f4
Dmitry Griz
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April 17, 2018, 11:25:31 AM
 #6

Инфopмaция для дepжaтeлeй тoкeнoв FLOT.

Кoмиccия в paзмepe 10% oт пpoдaжи вcex лoтepeйныx билeтoв бyдeт нaчиcлятьcя вceм дepжaтeлям тoкeнoв в дни выплaты кoмиccии. Кoмиccию бyдyт пoлyчaть тoлькo тe тoкeны, кoтopыe были пpoдaны нa ICO Fire Lotto. Зaмopoжeнныe тoкeны кoмиccию пoлyчaть нe бyдyт.
Bыплaтa кoмиccии бyдyт пpoизвoдитьcя кaждыe 60 днeй c мoмeнтa пepвoгo нaчиcлeния кoмиccии.
Для пoлyчeния кoмиccии нa кoшeлькe дoлжнo быть нe мeнee 500 FLOT. Cиcтeмa бyдeт бpaть дaнныe o бaлaнcax дepжaтeлeй тoкeнoв FLOT из ceти Ethereum нa oбъявлeннoe вpeмя выдaчи кoмиccии и нaчиcлять кoмиccиoннoe вoзнaгpaждeниe в пpoпopции oт oбщeгo кoличecтвa тoкeнoв yчacтвyющиx в пoлyчeнии кoмиccии.
Swati Kapoor
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April 17, 2018, 11:32:51 AM
 #7

oh! i know about it, but i never take an interest.
hello guys,
 https://www.scidex.co/ visit on this site it's such a great project.
 SciDex creating a new marketspace for data exchange which will be a great breakthrough in science.
kevindevilxxx9
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April 18, 2018, 05:09:55 PM
 #8

this one is really a different project than others. There are some very creative ideas.
FLOTS(C)AM (OP)
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April 24, 2018, 02:32:12 AM
 #9

Have people lost interest in flot after the ICO? The current listed price is around USD 0.13, still great for the team (sitting on 70+ million tokens), but terrible for investors.

It appears to be heading the same way as CashPokerPro.

|| Words are just words - Show me the evidence! ||
steals_x
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April 25, 2018, 09:13:47 AM
 #10

Have people lost interest in flot after the ICO? The current listed price is around USD 0.13, still great for the team (sitting on 70+ million tokens), but terrible for investors.

It appears to be heading the same way as CashPokerPro.
Cheesy so dissonant - they have a "working" project and raised only 3 mln $, yobit showed the real price for this token - 50 to 100 sat.
saobien1920
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April 25, 2018, 08:34:04 PM
 #11

Can’t wait for the start of ICO. So interesting ideas coming from your team!
FLOTS(C)AM (OP)
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April 27, 2018, 03:19:17 AM
 #12

Can’t wait for the start of ICO. So interesting ideas coming from your team!
Apparently their bots are still active!

|| Words are just words - Show me the evidence! ||
Namixi
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April 27, 2018, 07:09:46 PM
 #13

Project looks interesting. I will be looking out for more information, let's see another opinion giving to this project & how this project will turn out.
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