TrueFlip White paper introduction
True Flip is a blockchain lottery platform. We have already developed a bitcoin-based and fair-proof lottery 6/49 (Powerball*) and plan to make at least 3 more lottery games. It is the first stage of the development and we have done half the work already.
In order to fulfill our mission in the best possible way we are making the whole lottery fully transparent: every ticket sold, every win and financial results will be published on the blockchain.
The second goal is to make True Flip platform as decentralized as virtually possible.
The third, probably the most ambitious goal is to create a platform which could be used by private companies, charitable foundations and even governments to set up any kind of lotteries White label. Further details are set forth in this Whitepaper.
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. The remaining 10% will be used to pay for advisers, escrow and bounty services. All unsold tokens will be burned.
There will be 21`000`000 of the TFL Tokens issued at the rate of 0.0005 BTC per 1 Token. 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.
True Flip Group SRL is incorporated in Costa Rica, which officially allows online gambling. Trueflip.io website contains Terms & conditions, Public offer, Privacy Policy and Referral System Agreement.
TrueFlip Whitepaper pdf:
TrueFlip Whitepaper
