UltraYOLO project is a decentralized lottery protocol built with blockchain technology. The primary mission for this project is to create a platform to manage and run the world’s largest international lottery. Our project introduces Proof-of-Randomness (PoR), which solves the issue of random number generation and miner attacks that plague existing lottery and gaming applications. Our protocol will involve a masternode network to ensure Proof-of-Randomness and to manage the health of the network as a DAO
The primary utility of YOLO will be to run the lottery and for the distribution of funds to lottery winners and masternode operators. YOLO coin holders who have masternodes will be able to receive a percentage of all weekly ticket sales in return for running the lottery system.
YOLO will be a native coin to the UltraYOLO blockchain. YOLO will be first distributed as an ERC-20 token on the Ethereum blockchain, and will be ported over once the new blockchain is live. Users will be able to redeem the new YOLO coin using their ERC-20 tokens. This operation is much like the EOS token redemption process or any other blockchain that had their Initial Token Generation event on Ethereum.
The UltraYOLO team is dedicated to taking care of our initial supporters. Members of our team have altcoin investing experience and understand the unique challenges ICO contributors face.
Our team will do its best put the YOLO token on as many exchanges as possible. The token should be immediately tradeable once the ICO ends. HODLing should be as painless as possible. For more details on the projected value of YOLO tokens, we strongly suggest you stay updated for more details via Discord, Slack, or Telegram.
The lottery will be a weekly lottery. The current implementation is run on the Ethereum network as a proof of concept.
The UltraYOLO lottery has the goal to be the most widely adopted lottery, and the initial lottery parameters favor a higher winning percentage at the cost of a smaller jackpot in order to build a consistent player base. The prizes range from $4 - $1M and each ticket has almost a 20% chance of winning. An initial investment of $1 is likely to turn into $4 or even $1 million.
The UltraYOLO project has a very experienced marketing team. Our main objectives post ICO will be to get as many users as possible to build up the network effects. Our main effort will be to develop a team of strong affiliates to bring in large levels of prospective players. The marketing team has a high level of experience with direct marketing, affiliate marketing, influencer marketing, and large scale media buys. Expect to see our ads on top sites.
This project was started because we wanted to participate in a crypto lottery that actually worked. The current implementations of crypto lotteries all have huge flaws which we discuss in our whitepaper. In particular, we see problems in scalability and the mathematics of lottery design. Our main focus will be with user acquisition and creating network effects to create a global viral mania to the UltraYOLO lottery.
We believe that our project stands up to scrutiny on both a technical and business level. We are confident that our vision of creating the world’s largest decentralized lottery and new random protocol stands on its own regardless of how many ex-Google/Facebook/Amazon devs or how many ex-CEOs/PhDs/Vitaliks we have on our team. In the spirit of Satoshi Nakamoto and the cryptographic community, we would like to build a project that is greater than us and can evolve via the community.
To give a better sense of the core team, we are a group of experienced technology professionals and academics from Silicon Valley and have esteemed professional reputations. We are a group of some of the brightest and innovative members of the cryptographic community. Most people in our positions would actually go the VC route by setting up a meeting on Sand Hill Road and undergo a Series A private sale consisting of multimillion dollar term sheets. However our team believes in the core democratic principles of equal opportunity participation. Thus the UltraYOLO project was born.
YOLO tokens will be issued at a rate of 200,000 YOLO : 1 ETH, pegging each YOLO token at approximately $0.005.
One core aspect of the UltraYOLO project is to build adoption of the lottery and our protocol. We see getting on the top exchanges as the best way to approach that. From our preliminary discussions with the exchanges, we will need to allocate funds to get listed. Below is the following roadmap on which exchanges we plan on listing first. We will start with the decentralized exchanges (DEX) and slowly move up to the larger ones, with the goal of listing on the top exchange, Binance. This will be a continuous process.
The pre-ICO contract address is: 0xedAE73d8ae8B81A19439AcC0591Ca8b1e0072312
To encourage early adopters and gather funds for marketing the main sale, UltraYOLO is distributing 200 million YOLO tokens (10% of circulation supply) in a presale. In order to participate, supporters are required to register on the official site. Participants will be rewarded with a bonus of 25%, and 35% if over 25 ETH is contributed. The presale is planned to take place on early Feb 2018 Only ETH will be accepted in this presale round. For more details, sign up for the whitelist to get notified via email.
The pre-ICO contract address is: 0xedAE73d8ae8B81A19439AcC0591Ca8b1e0072312
A public sale will be conducted shortly following the presale in Feb. 2018, with exact dates to be announced. The remaining circulation supply of 1800 million YOLO tokens will be distributed at a rate of $0.005 per token. There will be discounts for early participants in as well going down linearly as sales goes on. There will be exact details announced on a later date. Participants in this round will be required to register on the official site as well. The currencies accepted in this round will include: ETH, BTC, LTC and XLM to tailor to a wider public. Participants will need to provide an ERC-20 compatible wallet address if participating in currencies other than ETH.
Initial Circulating Supply: 2,000,000,000 YOLO tokens
Total Supply: 4,000,000,000 YOLO tokens
Initial token price target: $0.005
Initial YOLO : ETH ICO price: 200,000 YOLO : 1 ETH
40% Initial Lottery Bankroll
10% Reserve Lottery Bankroll
25% Marketing Costs
25% Development Costs
The UltraYOLO project ensures that the lottery is fair via our Proof of Randomness protocol. Using advanced random generation methods, our protocol is secured by BLS signiture scheme.
The UltraYOLO team has studied the existing lottery projects and is confident that our product is technically superior and our implementation better.
Our project introduces Proof-of-Randomness (PoR), which solves the issue of random number generation and miner attacks that plague existing lottery and gaming applications. Our protocol will involve a masternode network to ensure Proof-of-Randomness and to manage the health of the network as a DAO.
The UltraYOLO project is designed the have low transaction fees, fast network speeds, and proof of randomness. In terms of the RNG method, our platform introduces the BLS signiture scheme for provably random numbers.
The most widely adopted lottery game needs to be able to process lottery tickets at a low price, with minimal to no transaction fees. The UltraYOLO project will ensure that there will be minimal to no transaction fees for lottery ticket purchases.
For the ethereum proof of concept lottery, gas prices unfortunately will affect the gameplay quality.
Our current dev team is highly experienced with blockchain technology. We are building the YOLO Game Engine to be compatible with other protocols. Our team anticipates that once atomic swap technology becomes mature, other blockchains will be able to use our technology. Current blockchains that we have been studying are EOS, Cardano, and NEO. As the project develops, we plan on adapting along with the industry to ensure that UltraYOLO becomes the number one global lottery.
The current governing body, the World Lottery Association (WLA) is an archaic organization that can be modernized with blockchain technology. Our project seeks to implement their structure in a decentralized manner. The purpose of the DAO will be to ensure the randomness of the lottery via our Proof of Randomness and to set industry standards for a decentralized crypto lottery. A large portion of our research will be to construct the technical infrastructure needed to build up a suitable DAO. For membership in the DAO, one only needs to control YOLO tokens, with more weight given to those with larger stakes.
The UltraYOLO project believes in strong communication with the crypto community. Founding team members will be active on telegram and discord. Please do not hesitate to message us with feedback. As a participant of the ICO we will take your opinion strongly in how we shape the future of this project.
Yes! Please sign into our platform and participate. We are offering free tokens to those who particpate in the spreading the word on social media and recruiting people to our platform. We believe that we have an innovative way to increase adoption!
UltraYOLO team members are strong proponents on building a community behind this project. Planned bounty projects will include whitepaper translations and marketing support. Team is also planning an official meme contest and video for this project to spread awareness and generate hype. UltraYOLO team will allocate a total of 5% of overall YOLO tokens to participants of the bounty program. Further details will be posted on the official site and ANN post on bitcointalk.
You can make a difference with this project! Spread the word and help market this project both online and offline. The more discussion held about the UltraYOLO project, the more successful it will become.
Please send all comments and inquiries to [email protected]