The pre-sale of the tokens will take place from October 1, 2017, until the sale of the entire available amount of tokens, but will end no later than February 1, 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).
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 2,000,000 LUC.
As part of the promotional strategy at the pre-ICO stage, all 2,000,000 of LuckyTokens (LUC) will be sold at a discounted rate of 1LUC = 0.8 $ in the ETH equivalent.
Money collected during fundraising will be distributed in the following proportion:
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.
The rules of the game LuckyToken are simple. The first thing you need to do is to get an Ethereum e-wallet and register on the LuckyToken platform. To register, you will need a name and email address.
After that, you may purchase the desired amount of LUC for Ether. The cost of 1 LUC is equivalent to $1.00, 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.
Question: how many bets should you make? The increase in the mathematical probability of winning one of the prizes in the Mega-game and the mathematical expectation of profit with a conditional average jackpot of $ 5,000,000 is shown in the graph below.
Once the tokens are purchased, a player uses his personal cabinet on the platform to choose an available game - there are three games available any given week, held on Wednesdays, Fridays, and Sundays:
Every Wednesday at 10:00 AM GMT; a player is required to correctly guess 5 basic numbers out of 49, and 1 extra number out of 15. In this game the biggest prizes are awarded for a small number of correctly guessed lots: having guessed only one additional lot and spent only $1.00 per ticket, a player receives $3.00 - the odds of such a win is 1 to 15. Having guessed at least one additional lot of the main five lots, the player will be awarded $12.00, two additional lots - $30.00! Note that the first prizes in the mini-game are relatively small, and the jackpot cannot be more than the equivalent of $1 million.
Held every Friday at 10:00 AM local time; the player is required to correctly guess 5 basic numbers out of 59, and 1 additional out of 15. This game is the "golden middle" of the LuckyToken. The odds of correctly guessing the numbers are higher than in Mega; the jackpot and the first two prizes are three times higher than the similar prizes in the Mini. The minimum second prize is about $3,000, the first prize is at least $15,000, and the jackpot can reach $3 million.
The main game of the week, the "MaxiMilion" of the LuckyToken, is held on Sundays at 10:00 AM local time. Players are required to guess 5 basic numbers out of 75 and 1 additional number out of 15. The "small" prizes are completely equivalent to the original MaxiMillion, and the first two prizes and the jackpot do not have any prescribed restrictions and depend only on the size of the prize pool. The minimum jackpot is the equivalent of about $300,000, and the maximum jackpot can be in excess of $ 10 million.
After selecting the game and making a bet, the player agrees to the terms of the smart contract, which lists the date of the game, the chosen combination of 5 + 1 numbers, the price for playing (1 LUC), the amount of the potential winnings, and the terms of the game. In the case of a win, the system automatically transfers the winnings based on the smart contract, having previously made a request to choose the currency denominating the prize: LuckyToken or Ethereum.