A blockchain based LOTTERY? — ETHERAFFLE ICO REVIEW

Finally ! The Etheraffle Platform is the true transparent and decentralized raffle lottery. The Etheraffle Platform is built on top of the blockchain which means the platform takes advantage of the most high tech and revolutionary technology of the current generation.

The Etheraffle platform will connect every remote person from around the globe that wants to take part on the newest and latest raffle lottery of the era. Yes, that means, every people, from anywhere in the globe, connected, taking part into a single raffle loettery which is the Etheraffle Platform.

Etheraffle will be a live working use case. Etheraffle is designed to give huge prizes to players, sustainable ETH rewards to LOT token holders. Etheraffle will be used to fund life-changing charities.

The Problem Etheraffle is facing;

The lottery is a very big industry. Almost everyone from any part of the globe knows what is a lottery and probably knows how its gonna work. National lotteries lack transparency and people doubts if 100% of the said amount that goes into the charity really goes into those charities.
They are a few existing lotteries powered by the blockchain today but none of them is truly decentralized and does not provide any charitable donations despite the enormous revenue they generate.

The Solution Etheraffle will provide;

Etheraffle will use the advantages of the blockchain technology to create a global and truly decentralized lottery. Etheraffle will have no geographical and policital restraints, meaning, you can participate from any part of the globe, even if you are a criminal, a civilian, a politician, in short whoever and wherever you are.
The Etheraffle platform will be complete transparent and fair. With the help of blockchain, People can access the lottery procedure from start to finish any time wants to view them.

ETHERAFFLE’s process is entirely anonymous and impartial and fair.

Etheraffle’s revolutionary ICO structure is comprised of three tiers: Tier 1 runs for two weeks, tier 2 for three weeks and tier 3 for four weeks. During Tier 1, you will receive 100,000 LOT per ether, in tier 2 90,000 LOT per ether, and in tier 3, 80,000 LOT per ether.
The Etheraffle ICO is the first to feature an innovative, stacking, tiered bonus system. For every ETH raised in each tier, 1500 Bonus LOT are generated. The more people who take part the larger this bonus amount grows. At the end of the ICO, these Bonus LOT are shared out amongst ICO participants in proportion with their share of ETH committed during the ICO. See below for an example.
So join us in the Etheraffle I.C.O. Be part of the world’s first, and only, charitable blockchain lottery and help us make EthRelief the largest source of decentralized altruism in the world.

ROADMAP:

As the ICO progresses, the tier lengths increase in order to allow as many participants as possible to take part. This way the LOT bonuses grow larger and a broader diversity of LOT holders can be acheived, making for a richer strata of members in the democratic, autonomous organistion. At the conclusion of the ICO, a bonus redemption period begins, during which LOT holders will have two weeks to redeem their bonuses. After which, all LOT and bonus LOT will have been distributed to purchasers ready for the first ETH reward event taking place at the end of the second quarter.

The Etheraffle LOT token is the first of its kind to feature truly decentralized ownership. Through LOT holdings, participants will be uniquely able to control a crucial aspect of Etheraffle’s ether reward participation system: The token’s freezability. As a LOT holder, the amount of ether you receive depends on how much LOT you hold. In order to calculate this amount, the transfer function of the LOT token needs to be paused. To achieve this, the LOT token is freezable. When frozen, no token movement can take place meaning that your share of ether can be accurately and fairly rewarded to you.

TOKEN METRICS:

The Etheraffle LOT token sale is broken down into four sections. The Pre-ICO runs for two weeks, and Tier One for a further two weeks. Tier Two runs for three weeks and Tier Three for four weeks. To take part in the ICO, you can either use the entry form provided or simply send ether directly to the ICO contract address below and the smart-contract will automatically send you back your LOT tokens, instantly. See the FAQ for more information.

To know more about Etheraffle:

ICO Website — http://www.etheraffle.com/ico
Github — https://github.com/etheraffle
ANN Thread — https://bitcointalk.org/index.php?topic=3040656
Whitepaper — https://www.etheraffle.com/whitepaper
Facebook — https://www.facebook.com/Etheraffle/
Instagram — https://www.instagram.com/
Reddit — https://www.reddit.com/r/etheraffle/
Telegram group — https://t.me/etheraffle
Twitter — https://twitter.com/etheraffle
Youtube — https://www.youtube.com/channel/UCDQwYIDzDlF2d9vaGJhNJGw
Written by:

Bitcointalk Profile: i7claufe
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1719874
Eth Address: 0xc38a4feFC0D2B94686F4E512952e8FB985FeA1B0