Fire Lotto to USD Price Chart

What is the current price of Fire Lotto (FLOT)?

The price of Fire Lotto (FLOT) is currently $ 0.00087360. In the past 24 hours, Fire Lotto has increased +0.00%%.

What is Fire Lotto (FLOT)?

Fire Lotto (FLOT) is a blockchain-based lottery system that claims to offer modern lottery mechanisms similar to traditional lotteries. The spokespersons behind Fire Lotto claim that the system is both simple and easy to understand. Fire Lotto uses smart contract technology to ensure transparency in ticket sales, prize distribution, and payout procedures.

Who are the creators of Fire Lotto (FLOT)?

Fire Lotto does not specify the individual or team behind its creation on its website. It defines itself as a product of blockchain technology, focusing more on the technical aspects and advantages of its system rather than the identities of its creators.

How does Fire Lotto work?

Fire Lotto operates using blockchain technology and smart contracts. This digital lottery system collects funds through ticket sales, 70% of which is allocated to the prize pool, a percentage that Fire Lotto claims is a record in the industry. Thanks to smart contracts that automatically carry out these operations, the distribution procedures remain transparent. The lottery process begins as soon as a certain amount of tickets is sold. Winners are picked automatically and fairly without any human intervention.

What is the technology behind Fire Lotto?

Fire Lotto relies heavily on blockchain technology to operate its system. The use of smart contracts, which are self-executing contracts with the terms of the agreement directly written into lines of code, ensures that the lottery is carried out transparently and quickly. These smart contracts handle the allocation of funds, distribution of prize money, and other procedural matters.

How many Fire Lotto coins are in circulation?

There are currently 100.0M Fire Lotto (FLOT) tokens in circulation. The total supply of Fire Lotto tokens is 100.0M.

What makes Fire Lotto unique?

One of the key selling points of Fire Lotto is its claim of allocating a record 70% of funds collected from ticket sales to the prize pool. This potentially allows for larger prizes to be won. Besides, as a fully decentralized system, Fire Lotto maintains transparency in its operations; everything from ticket sales to prize distribution is dictated by smart contracts, ensuring fairness and eliminating the need for intermediaries.

What factors affect the price of Fire Lotto?

As with any cryptocurrency, the price of Fire Lotto (FLOT) is subject to supply and demand dynamics in the market. Factors such as the overall sentiment towards cryptocurrencies, adoption rates of blockchain-based lotteries, technological updates to the Fire Lotto platform, and market speculations could influence the price of FLOT.

Where can I buy Fire Lotto (FLOT)?

Fire Lotto (FLOT) can be purchased on the YoBit where it is presently listed.

How can I ensure the safety of my Fire Lotto holdings?

To keep your Fire Lotto (FLOT) secure, it is recommended to store your tokens in a reputable and secure wallet, preferably a hardware wallet if possible. Remember, safeguarding your private keys is crucial as losing access to them might mean losing access to your tokens. Always be mindful of phishing attempts and ensure that your devices are protected with the latest security updates.

View similar coins

Fire Lotto Links