Press Release (ePRNews.com) - CYPRUS - Mar 04, 2018 - Fire Lotto, the world’s first fully decentralized, Ethereum-based crypto lottery platform, has announced the addition of David Drake, renowned blockchain-enthusiast and founder and chairman of LDJ Capital. Drake’s investments currently have 50+ global directors that maintain relations with institutions & family offices with $1.5 trillion in assets. He has been an outspoken supporter of cryptocurrency investments since 2011 when he collaborated on the US JOBS Act to create new laws governing fundraising in the United States for ICOs.
“We are honored to add Mr. Drake to our advisory board,” said Roman Demidov, Fire Lotto CEO. “With his vast experience and deep commitment to the future of blockchain technology, we are certain he will help Fire Lotto shepherd in a new age of truly fair lottery play for all.”
Since Fire Lotto is powered without human intervention, it bypasses any question of fraud which is a common concern with traditional lotteries. All processes and distribution operations in the system are carried out based on smart contracts, with source code published for full transparency.
As the startup’s newest advisor, Drake joins the ranks of other high profile supporters, such as Alexander Zasypkin, General Director of GOSLOTO, Russian national lottery monopolist.
The momentum for Fire Lotto’s initial offering continues to build as worldwide interest and debate around cryptocurrency reach a fever pitch. To date, over 18 million Fire Lotto tokens (FLOT) have been sold, with more than 5000 investors supporting the project. The platform has already been launched, with 24/7 global lotto play in progress, and a prize pool that is expected to surpass 1100 ETH (nearly $1 million at the time of this writing) by mid-April.
“Crypto is here to stay and it’s a permanent force that’s going to be a $10 trillion market,” Drake explains. “After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best.”
About Fire Lotto and FLOT:
Fire Lotto is the world’s first fully decentralized, Ethereum-based crypto lottery platform that is powered by smart contracts without human intervention. The lottery can be played online at firelotto.com.
Fire Lotto token (FLOT) holders receive commissions from ticket sales in Ethereum. More information on tokens is available at firelotto.io.
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