FireLotto — The First Truly Transparent Decentralized Blockchain Lottery

Bitcoin Press Release: FireLotto, the world’s first decentralised lottery built on the Ethereum blockchain brings changes and transparency to the industry.

February 14th, Cyprus – FireLotto launched on the 1st of January and has revolutionised the lottery gaming by utilizing blockchain technology, in particular the Ethereum blockchain. As this blockchain is decentralised it allows firelotto to be completely transparent. Until recently the thought of a decentralised lottery was impossible, now it has become a reality. Blockchain technology assists in solving the problem of single server online betting.

Firelotto is as simple to play as any traditional lottery, either on, or offline. However, there has been a question of trust raised by a number of companies. By utilising the Ethereum protocol and smart contracts, it is impossible to alter the ticket information thereby, bringing complete transparency to the industry. The Firelotto team ensure this to be the case, by allowing all players and potential users to view the backend code, to prove beyond doubt that the system is fair.

FireLotto, much like any other lottery, works in a very straight forward manner, with the prize fund created via the completed ticket sales. Players then guess the number sequence and wait for the draw. Players can play one of three lottery games at FireLotto: – the 6/45, 5/36 and the 4/20.The fun doesn’t stop there, they also offer a instant lottery much like a wheel of fortune. The wheel has 21 numbers. The player simply chooses a number and places a bet, the minimum being 0.007ETH with a multiplier of 2 to 20. If the player has chosen the correct number/s, the return would be increased proportionally, allowing the chance to win big. The token holder receives a commission from each ticket sold in every drawing. Commission payouts are secured by smart contracts and provide token holders with an almost endless source of income.

The 6/45 lottery has a minimum jackpot of 3000ETH which is the equivalent of 1,000,000 USD. As with the traditional lottery system, if nobody wins then the prize money it is rolled over, and the next lottery jackpot increased continuously until a player wins. Fire Lotto Lottery has already launched in Ethereum test net. You can try and test it. It is as simple and easy to understand as a traditional lottery.

The Firelotto team had this to say,

“80% of ICOs are not backed up by any product prototype. Fire Lotto is a finished product that has already been launched”

Fire Lotto Token Sale

The private pre-sale of tokens ended on the 15th of January 2018. 77 million FLOT tokens will be sold during the event to aid in the development of the platform. The presale runs from the 15th of January 2018 until the 15th of February 2018. The main sale of FLOT tokens will run from the 15th of March 2018 until the 15th of April 2018. 100 million tokens are to be released in total.

For more Information, visit the Fire Lotto website at: https://firelotto.io/
View Fire Lotto Videos: https://www.youtube.com/channel/UCck2jqpe3MMNc5wRUebLL5A
Find Out About the Token Sale: https://firelotto.io/agreement.pdf
Keep up to Date on Twitter: https://twitter.com/FireLottery
Connect with the team: https://t.me/firelotto
Like on Facebook: https://www.facebook.com/firelotto

Fire Lotto is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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Source: BPRB Feed

Blockchain-based Peer-To-Peer Lending Service, Inspeer, Successfully Reaches Soft Cap

Bitcoin Press Release: Decentralized p2p lending platform, Inspeer, has surpassed their initial $2m milestone. Next on their ICO roadmap are product launches planned in Russia and Estonia.

Feb 1st, Limassol, Cyprus Inspeer, an online p2p lending platform for both fiat and cryptocurrencies, has successfully exceeded their ICO’s initial two-million dollar soft cap. This milestone will allow the company to create a web-version of their platform, offer virtual cards to users, release mobile applications for both iOS and Android, and open their services to residents of Russia and Estonia. Inspeer is now moving towards their second milestone, which will allow for even further development of their P2P lending platform.

“As we get closer to our hard cap, we are going to be able to provide our future users with more and more services that extend the coverage of the Inspeer platform. As soon as our $30M hard cap is reached, we will be able to develop a lending system that services small and medium-sized businesses, in addition to individual users. We will also integrate a crowdfunding platform into our product lineup”. – Said Denis Kabanets, CEO at Inspeer.

Capturing the Niche

Inspeer occupies a narrow product niche of P2P lending in cryptocurrencies, which is hardly present in the Russian market. What is more, it has a unique legal system developed solely for the project, which provides full transparency and safety.

Extensive contribution options make the participation extremely simple. It is possible to purchase tokens using Bitcoin, fiat, and more than 40 different altcoins including plenty of ERC20 compliant tokens. The full list of accepted payment methods can be found on Inspeer’s official website.

In celebration of exceeding their contribution soft cap, Inspeer has introduced new bonuses for contributors. These include:

  • 5% bonuses for all the participants until the end of the ICO campaign.
  • 5% additional bonus for everyone who contributed earlier but didn’t get any reward.

Anyone wishing to participate still has a chance to join the Inspeer ICO before it ends on February 19, 2018.

Visit the Inspeer Website

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Media Contact
Contact Name: Denis Kabanets
Contact Email: info@inspeer.io
Location: Limassol, Cyprus

Inspeer is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

The post Blockchain-based Peer-To-Peer Lending Service, Inspeer, Successfully Reaches Soft Cap appeared first on Bitcoin PR Buzz.

Source: BPRB Feed