The lottery industry, which has generated US$2.3B in revenue since 1994, is undergoing profound change, due to the internet and other technological developments. Distribution of lottery tickets has shifted
from physical to digital, changing the face of the whole market and
significantly expanding a lottery's potential reach. Recognizing the
opportunity and the fit, currencies enabled by blockchain technology
have become the most popular means of payment among gambling sites.
Utilizing the most promising features of blockchain, FTW is creating a
global lottery that removes geographical limitations and brings full
transparency to the process, offering unprecedented trust and quality.
FTW will issue 100M tokens that gives holders a share of profits from its
services.
The lottery industry, which has over 5 billion players in the world, is currently undergoing a process of profound change. Internet and blockchain technology development have triggered a shift from traditional lotteries to digital distribution of lottery tickets, thus official lotteries around the world are quickly moving to an online.
Blockchain for the Lottery
Blockchain technology has quickly seized the online gambling market, becoming the most popular means of payment among gambling sites. Using features of blockchain technology, FTW is creating a global lottery that removes the limitations of a traditional lottery and brings full transparency, offering a new kind of trust and quality.
NEO blockchain and Smart contract
NEO aims to develop a "smart economy" with a distributed network by utilizing blockchain technology and digital identity to digitize assets and automating the management of those assets using smart contracts. The FTW token will be an NEP-5 token, compatible with existing NEO–related infrastructure.
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The hardcap of the project seems to be very big, although I understand that if the project is successful and achieves soft cap can have a lot of demand. I like the vision of the project, should be interesting to see what happens with this ICO. Good luck!
ICO Advisor | Serial Entrepreneur | Crypto Enthusiast | Blockchain expert | Investor | Founder Triplex Trading OU | Founder IcoTokenNews.com Rated on Jul 17, 2018
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Hard cap 100mil USD is way too big for this kind of project.
No KYC conducted.
No linkedin profiles of team member. Not even on the website.
Whitepaper lacks some essential information.
Restricted areas: only USA, but this kind of product can be considered gambling in many other areas, and might be against the law.
No MVP.
The idea have some potential, but there are many things that need to be sorted out first.
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