CoinsLoot (LOOT)

What is CoinsLoot

Problems

Many trading exchanges are just plain boring or require specific knowledge for trading cryptocurrencies. 

Users on exchanges are unable to get more valuable assets at current market price.

The amount of different coins on the market makes choosing one to invest in difficult for most users.

Adoption - Today’s World is still not crypto friendly in the case of retail. Crypto holders are unable to exchange their crypto currency to any other physical or virtual products. 

Solutions

Have fun and be entertained when exchanging cryptocurrency.

Get higher value crypto by opening a specific loot box.

Let fate decide which coins you get. 

Adoption - Exchange cryptocurrencies & tokens to physical or virtual products. 

Innovation 

• First in the WORLD Loot box system with cryptocurrencies
• First in the WORLD Loot box system that allows you to change crypto to products
• First in the WORLD Loot initial offering
• First in the WORLD LOOT token for better liquidity and selection of boxes. 

Explanation

LOOT BOX

Loot boxes are similar to ones found in most major video games. Containing valuable in game items. Our Loot Boxes will be filled with the most popular cryptocurrencies. As well as real world items like the newest smartphones, gaming peripherals, and even a Tesla Model X. The Value of any loot box is determined by the value of the ERC20 currency you exchanged to  open that box.  Every loot box has a provably fair algorithm code with a chance to get a specific item. 

Spin Mechanism

Each opened loot box will give users a spin option. The spin mechanism will have many cards inside and as the user spins it will randomly land on one card which will be the user's reward for that Loot Box. Verified under the provably fair algorithm.

Keep or Try again

When the spin lands on the user's reward, the user will be able to keep the item or if they don't want it they can exchange the item for an additional spin.  Revenue Model Coinsloot’s revenue model will come with sources of :

 

Source	Description
Chance & Transfer  Fee	Users will select the box with a different chance of getting better or poorer content. Less fee equals less chance for better content.  Transfer fee is charged for distribution the coins between the addresses. The chance & transfer fees are 2%-10% depending on lootbox.
Pay Back fee	Users are allowed to do not keep the content and has a right to quickly swap their content to LP with fee of 8 -20%
Loot box token offering fee	Random projects can ask us for listings to distribute their project between the CoinsLoot project. Various % of fees.
Products & Vendors fee	Future Boxes can be fitted with a bunch of different items. Also made by third parties. We will charge various fees for corporations.