Gambling token profile – TrueFlip (TFL)

Contents

Details

Product
Decentralized bitcoin lottery.

Country
Russia with Costa Rican legal entity.

Technology
Ethereum ERC20 token protocol.

ICO dates
28 June 2017 – 28 July 2017

Amount raised
$5.4 million in bitcoin.

Token distribution
14.7 million TFL tokens created.
70% sold to investors.
30% retained by fund-raiser.

Market cap – ICO amount raised per token sold * total number of tokens
$7.8 million

Market cap – first listed Aug 2017
$10.4 million

Market cap – Feb 2019
$1.1 million

RIO since ICO (not including dividends)
Total: -86%
Per year: -59%

RIO since first listed (not including dividends)
Total: -93%
Per year: -89%

Links

Introductory video

Token use

Investors that lock their TFL tokens are promised they can receive 10%-15% of ticket sales paid quarterly, like a dividend. Locked TFL tokens cannot be transferred until the lock period is over (how long this is is not stated, we can assume 1 quarter).

TFL token holders are also promised voting rights in future company developments and capital allocation.

TFL tokens cannot be used to enter the lottery.

Project summary

TrueFlip have a working, profitable product with real users and they have good development plans.

TrueFlip have chosen a space that is ripe for disruption as we can do a lot better than the standard government monopoly lotteries that remain incredibly popular despite their lack of gambling or entertainment value.

Evolution and expansion of the platform

Recently TrueFlip have added a hand-full of new games to their site like custom dice and slot games. They have replaced their original lottery with a shorter timeframe version. These new games are very well made with beautiful graphics and rich sound.

True flip say that revenue from these new games does benefit token holders in the same way that revenue from the original lottery game did.

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