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LuckyToken
Website:
Status:
Archived ICO
Token:
Start:
14-12-2017
End:
13-02-2018

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Comments

  1. LuckyToken pre-ICO sells out at $1.3 million, ICO underway

    Lucky_Token , 2018-03-07 14:28:39

  2. We have important news!!!

    Lucky_Token , 2018-01-18 13:47:33

  3. NEWS about LuckyToken Bounty campaign!

    Lucky_Token , 2017-12-27 13:37:27

  4. Official LuckyToken Bounty Campaign!

    Lucky_Token , 2017-12-11 20:55:14

  5. LuckyToken Facebook page! Welcome!

    Lucky_Token , 2017-12-11 20:48:41

View 3 more topics

LuckyToken 11 Oct 2017 20:43

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[ANN] [ICO] LuckyToken - Lottery on Blockchain



Hey all!

The online lotteries today are huge but despite overwhelming popularity, they’re not equipped to make sure that the fun stays clean.
LuckyToken, however, is a decentralized lottery based on the Etherium blockchain. Its main advantage is the absolute transparency of all processes taking place on the platform and the complete and utter impossibility of fraud due to the use of impregnable to scoundrels fintech. We’re talking, of course, about smart contracts. You may call LuckyToken a baby step on behalf of the entire online gaming community: we are laying tracks for every single online casino and online lottery that decides to jump on the blockchain train. And believe us, it’s happening as we speak!

In a nutshell, here’s what LuckyToken has to offer to players:

1. Transparency. The lottery mechanism and prize payments are clearly displayed on the Ethereum blockchain and are available for viewing to everyone.
2. Anonymity. Despite the fact that the blockchain is an open database, it only shows the numbers of electronic wallets. Personal data is not required.
3. Distribution of funds. The LuckyToken platform can track funds received from ticket sales: 50-60% of one LUC is a prize fund*.
4. Accessability. A player need only to register on the website and have an Ethereum wallet.

*It's impossible to calculate, what percentage of the cost of the classic lottery tickets goes into prize funds, given that according to the data of the North American Association of State and Provincial Lotteries, last year Americans spent on lottery tickets $70.15 billion, and the maximum jackpot in the history of MegaMillions was $656 million, which is about 1% of the total amount of lottery spending.

The rules of the game LuckyToken are pretty straight forward. After registering, you may purchase the desired amount of LUC for Ether. The cost of 1 LUC is equivalent to $0.75, which is the price of a single play. 1 LUC is not just a lottery ticket, it is a full token, which can be exchanged for another currency or used to pay for goods and services.
Once the tokens are purchased, a player uses his personal cabinet on the platform to choose a game - there are three games available any given week, held on Wednesdays, Fridays, and Sundays. Anyway, take a look on  luckytoken and good luck!



PRE SALE

The pre-sale of the tokens will take place from March 05, 2018, until the sale of the entire available amount of tokens, but will end no later than May 05, 2018. The purpose of the Initial Coin Offer (ICO) is to raise the capital needed for the jackpot and promotion of the LuckyToken lottery. Also, we strive to move LuckyToken to a fully decentralised platform by implementing a 100% transparent system making it independent of any third party (including the team of developers).

NOTE.Our goal is to make LuckyToken a truly independent, decentralized, and international lottery. For that reason, once the ICO stage of the project had gone through and the platform is launched, we will add multiple payment methods utilizing various cryptocurrencies, national, and international payment services.

The amount of tokens available for pre-sale is 10,000,000 LUC.

As part of the promotional strategy at the pre-ICO stage, all 10,000,000 of LuckyTokens (LUC) will be sold at a discounted rate:
     Sum, LUC              Rate            Discount
     1,000,000     | 1 LUC=0,15$ |        80%
     1,500,000     | 1 LUC=0,30$ |        60%
     2,000,000     | 1 LUC=0,45$ |        40%
     2,500,000     | 1 LUC=0,60$ |        20%
     3,000,000     | 1 LUC=0,75$ |          0%

Money collected during fundraising will be distributed in the following proportion:

- 60% for the the lottery jackpot and the prize fund;
- 20% marketing budget (including 10% for bounty program);
- 20% management fee and token development;

The initial amount of tokens will be distributed among members of the developer team as a reward for creation of the LuckyToken Platform. In the future these tokens can be divided among other partners interested in further development of the project.


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Information

Over 100 million people play Lottery every day in the world. On average about 1 in 14 people win. Pretty impressive, no? The reason we bring up Lottery is that LuckyToken is a tokenized "Lottery" in the sense that the rules of the game are absolutely the same: the player chooses 5 arbitrary natural numbers ranging from 1 to 75, and also one additional number ranging from 1 to 15. Having guessed correctly the five numbers, the player receives the first prize, and if he also guessed the extra number, he/she wins the jackpot. The smaller number of matches also has its own prize categories. However, the main difference between regular Lotteries and LuckyToken is that LuckyToken is blockchain-based and therefore not subject to manipulation.

The online lottery market today is extremely promising due to sheer number of participants and the entertainment factor. But despite overwhelming popularity, the lotteries currently available are not equipped to ensure the transparency of prize funds accumulation and distribution. But because of innovative technologies such as blockchain and smart contracts, we now can handle these critical issues. LuckyToken is a decentralized lottery, the main advantage of which is the absolute transparency of all processes taking place on the platform and the complete and utter impossibility of fraud.

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