True Flip is a blockchain lottery platform. True Flip developed a bitcoin-based and fair-proof lottery 6/49 (Powerball*) and plan to make at least 3 more lottery games.
|Mkt.Cap||$ 0.00000000||Volume 24H||4,702.00 TFL|
|Market share||0%||Total Supply||0.00000000 TFL|
|Proof type||Open||$ 0.26|
|Low||$ 0.23||High||$ 0.27|
True Flip’s Steemit page is filled with information regarding all their policies related to transparency and other relevant issues. Getting started on True Flip’s platform is incredibly quick.
As the first step, we plan to create True Flip tokens which will grant their holders an access to a special quarterly game and entitle them to vote on the lottery’s future development. We will also launch a Token Sale in order to distribute 70% of all True Flip tokens within the community. The team will own 20% of the tokens to remain motivated to keep on developing the project.
Another 10% will be used to cover operations costs, 15% for the marketing budget and 2% for the referral program. Recently, True Flip declared their next step – an Etherium based lottery platform. By using smart contracts, money can be locked in favor of a Jackpot prize and also for reserves. This ER20 platform could place True Flip on the front line of the online lottery industry. True Flip Group SRL is incorporated in Costa Rica, which officially allows online gambling.
The jackpot at the time of writing is 400 BTC (not bad at all). The rules are simple and easy to understand, specially if you’re familiar with Power Ball in America or Euro Millions in Europe. True Flip’s financial goal is to sell a minimum of 25,000 lottery tickets per day. 10-15% of the profit will be revenue shared between the token holders.
The remaining 10% will be used to pay for advisers, escrow and bounty services. True Flip is a blockchain backed lottery platform focused on developing games and protocols that are entirely transparent.
What is True Flip Lottery?
Through Shapeshift users can directly convert their coins to others which can be deposited on True Flip (BTC, ETH, BCH, DASH, DOGE, LTC). Flip’s Star was their first game and is still the most played lottery on the platform.
True Flip’s goal is to become the most popular and transparent blockchain lottery that belongs to international community and offers the biggest Jackpot in the world. This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely.
At True Flip, the idea is to bring an online lottery to a decentralized open source platform that is based on blockchain technology. A weekly lottery ticket is currently sold for 0.001 BTC. You can easily fill out a lottery form manually or automatically on True Flip’s website.
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As mentioned, True Flip aims to raise 6125 BTC and has a hard cap of 8000 Bitcoins, equivalent to 17 million dollars at current market rates (July 2017). 45% of the funds will be used for the jackpot, another 22% will be used to fund development, 22% of the funds will be used for marketing, 9% for operations and 2% for legal issues. Unsold tokens will be burned and the shares of token holders will increase proportionally.
During the Token sale 14`700`000 Tokens will be put on sale. 10 to 15% of the ticket sales revenues will be allocated to a TFL Token holder game, held only among the TFL Token owners. View True Flip Lottery (TFL) price history chart, statistics and other information. A lottery will be interesting only if there is a BIG Jackpot.
True Flip: The ERC-20 Decentralized Lottery Revolution
60% of the ticket sale earnings are allocated to the Prize fund. True Flip tokens (TFL) can be bought with BTC, LTC, ETH, and DASH. True Flip is an international anonymous Blockchain based lottery. It is an open source project with the option for instant payouts and a transparent prize fund, hence, the power shifts from the lottery organizers to the participants. The trust level is where the strength of the project lies.
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- Another 10% will be used to cover operations costs, 15% for the marketing budget and 2% for the referral program.
- Indicated Annual Yield last dividend ($0. per TFL)The indicated annual yield is the ratio between annual dividend and token price.
- To get a 0.1 BTC quarterly dividend you need 2,339,362 TFL tokens with current Token Holder Fund.
- The company is currently preparing for its token sale, which is scheduled to begin on June 28.
- True Flip Group SRL is incorporated in Costa Rica, which officially allows online gambling.
The team is expanding the business operations with new games and new markets. As suggested by its name, Rapid to the Moon is a more fast paced alternative. The superprize value is not fixed but rather decided based on the accumulated amount. If nobody can guess the correct combination in the current draw, the accumulated fund will be used for the next draw.
The visual presentation of the website is very well achieved. Everything is presented intuitively and the user should have no problem navigating through the platform and finding what they want.
As previously mentioned True Flip offers support to more than 50 cryptocurrencies. IQOption, Cubits, Cryptopay and Paybis customers will be able to top-up their balance with their associated account from the broker.
Most existing lotteries are totally centralized or even held by governments, and are hardly transparent. We want to build TrueFlip as a provably fair and decentralized lottery platform that neither any nation state, nor a single authority, nor members of our team control. We’ve seen a huge surge in cryptocurrency gambling games in recent years. Bitcoin dice games have been around since 2013, for example.
TrueFlip Analysis and Review
It’s one of the best-known games of fortune and has become an integral part of our leisure time. Guessing the correct number combinations entitles a participant to a handsome prize.
True Flip has its own ERC-20 token, TFL which completed a successful crowdsale on July 2017. CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles. Our team is committed to providing unbiased News & Reports related to various Cryptocurrencies, Decentralized Apps, Initial Coin Offerings (ICOs) and Blockchain technology. With 5000 TFL tokens the fund needs to be 162.27 BTC to get a 0.1 BTC quarterly dividend.
True Flip (TFL) Team
Indicated Annual Yield last dividend ($0. per TFL)The indicated annual yield is the ratio between annual dividend and token price. Base dividend is calculated as the Token Holders Fund / Total TFL supply and depending the four possible odds you choose there are multipliers working to increase the pay out. Only parked tokens are eligible for dividend, the fund allocated for non parked tokens is moved towards the next quarter. Most of currently existing lotteries are totally centralized or even held by governments and are hardly transparent. True Flip is a lottery system which shares its profits with the TFL token holders through a special TFL token holder lottery.
True Flip is the first blockchain-based lottery platform we’ve reviewed on Cryptopotato. The idea of picking up a lottery platform on the blockchain, thus a decentralized lottery platform, is definitely the future of lottery gaming. Full transparency is the main advantage of the blockchain-based lottery. The ICO so far has raised over 1300 BTC, which is a decent amount.
The catch is that you need to pay 0.001 as a withdrawal fee! This means that you need to have a significant number of TFL tokens (10,000 plus) such that the withdrawal fee becomes reasonable. The other solution is to participate in multiple TFL token lotteries before withdrawing. A portion of the profits of TrueFlip is deposited in a special pot which is used ni the master flip lottery.
To ensure full transparency, every transaction is published on the Blockchain. This includes every ticket sold, to all the token holder rewards distributed and also the financial data.
You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. TrueFlip is developing a new game “World of TrueFlip” which uses a new token called FlipCoin in the game itself.