The Token Sale will last for 30 days (or until all the tokens are sold) with the bonus amount decrease according to acquried amount of BTC as shown on the above ICO progress bar. At the end of the Token Sale the remaining unsold tokens will be burned and share of all Token holders will be proportionally increased.
True Flip is a blockchain lottery platform. We've developed a bitcoin-based and fair-proof lottery 6/49 (Power ball). It’s the first stage of the development, and we’ve done a half the work already. In order to fulfill our mission in the best possible way we are making the whole lottery fully transparent: every ticket sold, every win, all the token holder rewards distributed and financial results will be published on the blockchain.
As the first step we want to create TrueFlip tokens granting Token Holders an access to daily rewards and entitling them to vote on the lottery’s future development. They plan to make at least 3 more lottery games: instant, hourly lottery, and premium game with big prizes. The second ambitious goal is to make the True Flip platform as decentralized as virtually possible. They also intend to use decentralized hosting and multiple data centers so that discontinuation of one would have no effect on the platform. They will describe details in the White paper.
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JackPot. A lottery will be interesting only if there is a BIG Jackpot. That's why we want to raise 3,062.5 BTC for Jackpot via token sale campaign. Jackpot will be secured on cold wallets with the use of multi-signature escrow involving three community stakeholders, while the development team does not have any access to these funds. So when someone lucky hits the Jackpot, it will be transferred manually.
Transparency. We want to prove to the blockchain community that our game is fair. At this very moment TrueFlip is not 100% decentralized. Our team is aware about it and has a plan on how to make TrueFlip as much decentralized as virtually possible. Our next goal is to make the lottery independent on any third party (including the team).
Development. We plan to develop 3 more cool lotteries. We will describe them in the WP.
Marketing and PR. We understand that the project can hardly attract millions of customers without marketing budget. For that reason we have created an efficient marketing strategy. The budget for our global marketing campaign will be accumulated from TFL token sale.
