Wild Crypto, the developer of a new international lottery and eGaming platform built upon blockchain technology, is to launch an initial coin offering (ICO) with the aim of raising 15,000 Ether Tokens – worth around $5 million – to take its disruptive product to market.
The ICO begins at 08:00 GMT on Tuesday, September 5, and will offer investors WILD Tokens – the gaming currency to be used on the new platform – at a discounted rate of 2000:1, 2000 WILD Tokens to 1 Ether.
Once the platform launches, WILD Tokens will be exchanged at 100:1 against Ether, offering investors a potential 20x investment opportunity.
The platform, which is 95 percent complete, is designed to disrupt the $260 billion lottery and associated games market, only 4 percent of which is currently online, according to the World Lottery Association.
By publishing results of games to the blockchain, users can guarantee an open and honest experience, and players will also be able to cash-out in Ether or to a Bitcoin backed debit card.
Wild Crypto has assembled a team of industry experts, led by founder Frank Pira, to oversee the development. The team also includes Twelve40 CEO Andrew Jarrett and Qi Group CEO Kiri Cavill.
Regulated lottery specialist Twelve40 supplies the certified back-end game technology for the new platform, and the product will be the first of its kind to be regulated via Jersey and Curacao licences.
Frank Pira, founder of Wild Crypto, said: “Using the ethereum blockchain to build a next-generation lottery and gaming platform has the potential to revolutionize this industry, so we are thrilled to announce an ICO to bring Wild Crypto to market.
“Wild Crypto is backed by a world-class team of gaming and blockchain experts, and we already have the technology, the regulatory approvals and the payment systems in place.
“This ICO will enable us to raise the funds to deliver on our promise, while those who subscribe will enjoy a huge discount on the WILD Tokens that will be used on the platform.”