Hello Steemit! We are CryptoMillionsLotto - a lottery provider that has created a cryptocurrency lottery platform. We have been in the lottery business for quite a while and now run over 30 lottos on behalf of professional soccer clubs and charities in Africa through our AfroMillionsLotto brand.
We are doing an ICO to raise funds, but with a few key distinctions:
- 98% of funds raised will be used to market the platform
- Our token is a security token which has already been approved by the SEC
- None of our team members have received tokens as compensation. Instead, we have provided shares of our company, Ofertas365 which are currently trading at $1.39 on the DCSX
TEAMS SHOULD BE REWARDED ON PERFROMANCE NOT IDEAS
When planning our ICO (or should we say, 'STO') we made a conscious decision to reward staff and team members ('Team') with shares in our parent company rather than with tokens. That way, they were aligned with the business and its long-term performance, and not rewarded just for the sake of being rewarded.
Business had worked this way for a long time, until the new world of ICOs came along!
In this new world, which is innovative, exciting and certainly dynamic, people are rewarded simply for putting their name to a plan. Often, that is exactly what it is ... just a plan. Products haven't been built, customers won or revenue generated; let alone any profits earned. Worse still, others who contribute little to a project but move in the "right circles" are also rewarded for little more than just adding a picture, a social media link and a 'smile' to a business.
This cannot continue.
To be taken seriously, Teams should be incentivised by rewards tied to tangible performance and milestones. It is inconceivable that traditional sources of funding such as venture capital, private equity or hedge funds would entertain someone with a pitch that said, "By the way, we own 20% of the tokens and when our ICO is over we're going to sell out.”
If they wouldn't consider this, why should ICO investors? The ability to cash in life-changing ‘up-front dividends’ undermines the need for the Team to sweat blood, which is critical to the success of any business.
Although today, many Teams defer releasing tokens or place them in escrow, few of these arrangements go beyond one year and seldom are conditioned to real economic results. Those that sell out are free to go with no further vested in interest in the success of the business. It is clear that a Team with no restrictions on its ability to sell tokens is detrimental to investors and a significant cause for concern.
By owning shares and not receiving tokens, Team members have a vested interest in sustainability of the business and are incentivised through dividends and capital appreciation of their stake. A harmonization of mutual interests between the Team and token holders is established on solid foundations.
After all, without the Team, there is no business!
-The CML Team
Heyyy thats great
Welcome
any good ideas for any blockchain system is welcome here, keep promoting on steemit.
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Welcome to Steemit @crypto-millions, i will vote you forever kkkkk
Welcome to steemit @skcsmc
thats awesome that lottery system are also controlled by crypto .
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And like the post
https://steemit.com/fifa2018/@rohit1306/whom-do-you-think-will-win-fifa-2018
Great project http://www.cryptomillionslotto.io. look forward what's next. Thanks for sharing.
wow.
Thats TOO amazing.
SPeaking of what is amazing, please feel free to check out this new post.
https://steemit.com/philosophy/@coloured-content/the-god-concept-part-five-who-is-god-the-all-attractive-one
Thank you :)
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Hey @crypto-millions! super idea shared by you.. will go long way with cryptos...
mostly ico make good prophit . ico strating lanching value very reduce so after exchange big prophit
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Hiii sir @tuanis , it's great to meet you here on steemit, i hope you will follow me and plzz leave a comment here on my post,
https://steemit.com/vinniepaul/@vikas4233/pantera-drummer-vinnie-paul-is-no-more-dies-at-the-age-of-54
Congratulations crypto-millions and welcome to Steemit
Hello Friend! I like what you write about, let's be friends and exchange more info
Welcom to steemit dtz super kul @crypto-millions
Welcome to Steemit!
Well done and welcome to steemit .
good going cryptomillionslotto :)
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https://steemit.com/steemit/@vikas4233/social-media-plateforms-and-steemit-next-generation-of-social-networking
Saludos me parece una buena idea.
Welcome to Steemit .... a very amazing program.
nice post @crypto-millions
welcome on steemit and all the best for future i will vote for you
Criptocurrancy lottery perform how to get lottery
Yes nice project i already joined
good
thats great :)
This is a great website we can win a lot of money if you have luck otherwise no More earn money to this web site. Very simple to your choice
Remind me again: how much did Satoshi raise for the ICO of bitcoin? How much did it cost him?
I want to,
I give you 1,000 votes, But in stemthis system did not keep it.
This is not because I can not give it.
Awesome! Welcome to Steemit!
Hi! Nice post. Welcome to Steemit! I'm new here as well.
lottttterrrrryyyyyyyy
Hii, loto can join with you. I hope this is best way to earn money. So I want to join with u and upvote to u.
welcome to steemit , all the best
REALITY!!
Hi @rajatgaur, our platform is already built. The proceeds from the ICO will be used mainly for marketing.
Funny picture though!
Steemit is the best way to earn money. And it's really trusted for work . Thank you very much steemit
Echt klasse
freue mich schon darauf
Danke fürs teilen
Congratulations @crypto-millions!
Your post was mentioned in the Steemit Hit Parade in the following category:
Nice to meet you too. :)
Is this mlm plan sir?
https://steemit.com/steemit/@vikas4233/social-media-plateforms-and-steemit-next-generation-of-social-networking
Is it just me
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