Are you looking for a very profitable investment in the cryptocurrency market? There are many options, so you can be easily overwhelmed by the number of choices that you have. Because of this, you have to choose well if you want the best return on investment.
A diverse portfolio is the secret to become a great investor, so you have to diversify your investments. What if we told to invest in the lottery? You read it right, the lottery. Today, we are going to review a new blockchain company called Firelotto.
What is Firelotto?
Firelotto, as you might have guessed already, is a lottery company. The idea behind this company is actually pretty simple: Firelotto is a blockchain lottery. The Ethereum-based blockchain technology used to construct the ecosystem of this company allows the system to be improved in many ways.
Basically, the company intends to use technology to improve the use of this kind of game and to let it be accessible to people worldwide.
How Does Firelotto Work?
The players will be able to choose between four types of lottery. Three of them will be just like normal lottery tickets and there is the brand new Roger’s Wheel, which is like a mixture of a wheel of fortune and a slot machine. Each ticket costs approximately $2 USD.
The money won in the lottery will be free of taxes (but the winner will have to solve tax issues with his own country) and everything will be transparent because of the blockchain technology used in the system. Everything will be stored in the blockchain, so anybody can see that the lottery is legit and fraud-proof. The winnings are automatically transferred to the account of the winner.
You can win at least one million USD playing with Firelotto, but how much can you gain investing in this company?
How to Invest in Firelotto?
If you are interested in investing in this company, you can always buy its tokens. You will be able to do that during the Initial Coin Offering (ICO). The presale is already happening, but there is still no information about the official date of the main sale, but it will be near the end of February.
If you buy the tokens now, you will have the option to buy them cheaper. This can be a good investment because the company will raise the price of the tokens in the future, so you will be able to get them back.
Another way to get money from this investment is receiving dividends from the profit of the lottery tickets that were already sold. Every investor will receive a certain quantity of money per token that they hold when the company profits from selling the tickets.
The Firelotto Verdict
Is this a good investment for you? It can certainly be. The company is not a start-up and already has a product to sell. This is a huge positive point because the return on investment will be very fast. If you have the chance, you should buy the tokens as soon as possible, because you will pay less for them.
Of course, it mainly depends on whether you are interested or not in this company, but be advised that Firelotto seems like a very solid investment and that it would be a good idea to invest in this company if you want to diversificate your portfolio.