Fire Lotto blockchain lottery

One of only a few real-life applications that use blockchain technology, Fire Lotto is the world’s first totally decentralized lottery platform based on the Ethereum blockchain and managed by smart contracts without any human intervention. Fire Lotto offers two types of lottery games: a draw lottery and an instant win game. The Firelotto.com website has already been launched and the total prize pool has exceeded ETH 1200.

The lottery platform features a licensed crypto exchange with a user-friendly interface that allows players to buy lottery tickets with cryptocurrency and fiat (using credit cards or PayPal).

In total, maximum 100 million FLOT tokens have been issued. Token holders receive a 10% commission on all lottery ticket sales, which is paid in ETH every two months. Tokens can be held as an asset or used to play games. In the latter case, Fire Lotto sets a rate that is higher than that on exchanges, rewarding token holders while also helping to increase the demand for tokens in the marketplace. FLOT tokens are traded on six exchanges.