TrueFlip, the blockchain Lottery

TrueFlip’s purpose is creating a new type of lottery. At this moment, most lotteries are entirely centralized or owned by governments, while TrueFlip uses blockchain* in order to achieve the decentralization of the platform.

  • A blockchain is a distributed database that maintains a continuously growing list of ordered records called blocks. By design, blockchains are inherently resistant to modification of the data — once recorded, the data in a block cannot be altered retroactively.
There will be 21`000`000 of the TFL Tokens issued at the rate of 0.0005 BTC per 1 Token. During the ICO 14`700`000 Tokens will be put on sale. 10 to 15% of the ticket sales revenues will be proportionally distributed between all the TFL Token holders.

Operating scheme

Any user that wants to test their luck on adaily basis by playing in the lottery, as well as make Trueflip the number one blockchain lottery in the Bitcoin community.

The system automatically converts every payment to bitcoin and transfers funds to the prize fund of the lottery.

The platform prize fund is transparent and always open for viewing due to blockchain technology, and accounts for 60% of the ticket cost.

Rewards payouts

10–15% (the exact amount will be decided by voting) of revenue from each ticket sold will be distributed among

TFL Token holders based on the number of tokens they hold as outlined in the picture. Only “locked” balances will be participating in reward payouts. As tickets are sold in Bitcoin, conversion to Ether will happen, and bonuses will be paid directly to the addresses of Token holders.