Home / Lotto Exposed / FireLotto Exposed — Invest in Cryptocurrency and Play Lotteries or NOT

FireLotto Exposed — Invest in Cryptocurrency and Play Lotteries or NOT

FireLotto Assessment

My head is spinning with all of the totally different cryptocurrencies popping up. FireLotto.io is one more Preliminary Coin Providing (ICO) that’s linked into their three lottery video games. Moving into the sport means buying their FLOT – FireLotto Tokens. In addition to the three lottery video games at present provided, it does imply as an investor, you get a proportion of every ticket offered. However what are you going to do together with your FLOT?

Video games at FireLotto.io

FireLotto at present has three video games. 4/20 Lottery has a present jackpot of 3 ETH or an estimated worth of US $2,109 and is a decide 4 numbers out of 20. It’s 5/36 Lottery has a jackpot of 83 ETH or US$58,190 and sure, is a decide 5 numbers out of 36. The 6/45 Lottery jackpot is 183 ETH or US$ 129,864 and gamers decide 6 numbers out of 45 for every ticket line. The precise successful jackpot will fluctuate relying on how many individuals have purchased tickets. 70% of FLOT used to purchase tickets goes to the jackpot. There isn’t any restrict to what number of tickets you buy. The associated fee for every ticket line for all marketed lotteries is .003 ETH or US$2.00 to purchase a lottery ticket. There may be a further sport referred to as Roger’s Wheel which is an on the spot win lottery that ‘shall be coming quickly’.

The way to Play?

The first step in moving into these lottery video games is shopping for FLOTs – tokens to your Etherwallet. That makes you an investor. Presently 16,051,524 out of 77,000,000 FLOT has been offered. Upon getting FLOT in your account, you’ll be able to play lotteries or just sit again and accumulate your proportion on every ticket offered. Extra on that shortly.

How Hearth Lotto Lotteries Work

Now how the lottery aspect of FireLotto works might be the million greenback query. The one data on when the attracts happen is the clock working down. Every lottery closes one hour earlier than it takes place with the draw utilizing a Random Number Generator to pick out the successful ticket numbers. It seems like there’s solely a jackpot and no different tiers of prizes. There isn’t any data on winners although FireLotto says of their FAQ when the timer runs down, click on on that lottery after which the “Draw Archive” and it’ll present the outcomes.

Buyers Income

That is an ICO (Preliminary Coin Providing versus an Preliminary Public Providing or IPO) for a blockchain foreign money referred to as Hearth Lotto Tokens (FLOT). Folks purchase FLOTs with actual foreign money. That is crowdfunding with the thought being the extra FLOT that’s offered, the worth of the FLOT will increase. Buyers additionally get a proportion of every ticket offered enjoying their lotteries so your possession in FLOT ought to develop.

Who Is FireLotto.io?

This new foreign money and lotteries are operated by Tavaron Media Group out of Cyprus. It has a snail mail handle, a few e mail addresses and click on on “contact us” and an e mail menu opens up. There may be additionally an enormous checklist of the people who find themselves concerned within the operations of FireLotto. Really the checklist takes up half of their dwelling web page. There may be additionally an inventory of various publications. Click on on any of the icons and also you open a press launch offering extra particulars on FireLotto and their ICO. There aren’t any telephone numbers.

FireLotto and their Backside Line

It’s wonderful all of the totally different cryptocurrencies which can be popping up in every single place. Theoretically, they aren’t value something till you’ll be able to translate the foreign money again into money on the similar time there are an increasing number of retailers that take cryptocurrencies. It simply means selecting one that’s really acknowledged. However I’m wondering in enjoying lotteries right here, how a lot of my funding would exit the window in tickets.

Professionals:

Rising Jackpots

Proportion of Tickets Credited to Your Pockets

Investing & Taking part in

Cons:

The place Can I Use My FLOT?

Solely Prize the Jackpot

Taking part in Away My FLOT Funding on Lottery Tickets

This website will get neither a thumb’s up or down. It’s early days for his or her lottery aspect with a reasonably restricted jackpot at this level. Plus, the one factor I may do with my FLOT is proceed to play extra lottery video games.

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