As our project matures, the DAO governance model for YOLO token holders should advance to a state of self regulation. The DAO model provides the organizational structure needed to determine rules and regulations of the lottery. On a technical level, the YOLO token provides the utility to run our Proof-of-Randomness with a percentage of the lottery profits used as incentive for running the network.
Our ICO will seek to raise 10,000 ETH primarily to finance the initial jackpot, technology development and marketing costs. Our tokens (YOLO) will be issued at a rate of approximately 220,000 YOLO : 1 ETH, pegging each YOLO token at approximately $0.005.
The primary utility of YOLO tokens will be to run the lottery and for the distribution of funds to relevant stakeholders. YOLO token holders who have masternodes will be able to receive a percentage of all weekly ticket sales in return for running the lottery system.
The main focus of the UltraYOLO team is to ensure that this project becomes the largest global lottery in both user base and jackpot size. Current work is prioritized for user acquisition and technological advances. We also strive to provide consistent updates and plan to actively engage the community.
Quarter 2, 2018
Quarter 1, 2020
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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