Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, December 15 2021 - 06:35
AsiaNet
Madagascar Time Reinvents the Lottery Using Blockchain Technology to Help Fight Climate Change and Poverty
LONDON, Dec. 14, 2021 /PRNewswire-AsiaNet/ --

On 9 December, Madagascar Time Limited, an uprising start-up project, released 
its sister token TLT (Times Lottery Takeover) 
( https://timeslotterytakeover.io/ ). This unprecedented and incredibly 
efficient lottery system uses blockchain technology which creates transparency 
so that everyone can publicly see the rewards sent fairly. Backed by an 
international team, Madagascar Time focuses on charity work by combining social 
entrepreneurial skills with innovative 'blockchain' technology to change things 
for generations to come. 

TLT is a unique function meant to revolutionise the concept of dividends of 
what crypto enthusiasts call reflections. If say a cryptocurrency had 10,000 
holders any percentage of reflections distributed to all holders becomes 
irrelevant due to the vast numbers of holders. To address this issue Madagascar 
Time has created a 3% random dividend lotto which means 3% of the total volume 
of buys/sells of the token accumulates into one wallet called the pot. Every 
hour a holder is rewarded a percentage of tokens in the pot which is determined 
randomly by a bot and is between 15-50% so that the pot never drains. 

TLT will also consist of weekly draws for different tiers which are determined 
by how much TLT you own. The chances of winning will remain the same for each 
tier however the rewards will differ. These draws will be live broadcasted and 
consist of the following:

- Tier 1 (Entry Level: 100$ - 600$) can win from 1% - 10% 
- Tier 2 (Standard Level: 600$ - 3,000$) can win from 5% - 20% 
- Tier 3 (Whale Club: + 3,000$) can win from 10-25% 
- Last Draw 1% of all 3 pools will go to a lucky $TIME holder

Each tier has a pool of its own, 6% prize tax from each buy/sell goes into 3 
different prize pools for each tier: 
- Tier 1 - 1% 
- Tier 2 - 2% 
- Tier 3 - 3%

There will also be a Monthly Draw for both TLT and TIME holders for a massive 
15% of the 3 pools all together and finally a yearly jackpot draw prize of a 
space flight with Virgin Galactic/Blue Origins (once available and prize 
conditions met).

Ryan Bishop, cofounder and Chief Marketing Officer, commented: "it's about 
$TIME an organization started changing lottery systems for the benefit of 
participants while doing charity. Together we can buy $TIME for the planet and 
future generations."

To date, Madagascar Time has donated over $75,000 to several charitable causes 
dealing with issues such as quality of life, poverty, endangered species, 
education and tree planting.  For example, a partnership has been formed with 
Madagascar Seed ( https://madagascar.co.uk/ ) and through Mr. Beasts Team Tree 
Project ( https://teamtrees.org/search?q=madagascar%20time ) have helped to 
plant 41,000 trees. Further details can be found at 
https://madagascar-time.com/. 

The project grows exponentially in numbers each month helping create an endless 
movement towards a better environment, as more and more crypto enthusiasts and 
environmentalists find out about it. As part of this Madagascar time is opening 
a fully licensed casino in December/January called timetobet casino ( 
http://www.timetobet.casino/ ). 

Madagascar Time has also just welcomed a number of new starters to the team 
such as Terry Travers, Katie Richardson and Samet Demir ( 
https://scholar.google.com/citations?user=KoEiZyAAAAAJ&hl=en ) who comes from a 
highly skilled scientific background and has won awards for his computational 
and chemistry works. 

About Us
Established in August 2021, Madagascar Time Limited is a legal company 
operating in UK. Cofounders Raymond Mullens, Armand Iancu, Ryan Bishop, and 
Corey Blanchette are equal shareholders. The team is supported by a network of 
dedicated volunteers and interns from around the world, all of whom are equally 
passionate about the mission to use crypto for positive change.

The name "Madagascar" and the lemur logo were chosen to reflect the founders' 
ethos of environmental awareness. The island country is one of the most 
climate-vulnerable nations in the world and its lemur population is currently 
in decline. The team chose "$TIME" as the name of its cryptocurrency to 
underscore the immediate need for action to save our planet and safeguard the 
lives of future generations. 

For more information, visit https://madagascar-time.com and follow the team on 
Facebook ( https://www.facebook.com/groups/1023873715012073 ), Instagram ( 
https://www.instagram.com/timeslotterytakeover/ ), Telegram ( 
https://t.me/madagascar_time ) and Twitter ( https://twitter.com/lottery_times 
). Additional tips on how to buy can be located here ( 
https://cryptobuyingtips.com/guides/how-to-buy-madagascar-$time ).  

Further links:
https://github.com/TLTDEVS/Times-Lottery-Takeover-Contract-

https://github.com/TLTDEVS/whitepaper 

https://medium.com/@timeslottotakeover

https://github.com/interfinetwork/smart-contract-audits/blob/main/TLT_AuditReport_InterFi.pdf

https://www.reddit.com/r/timeslotterytakeover/

Contact details: Ryan Bishop, Chief Marketing Officer, 
ryan@timeslotterytakeover.io, https://www.instagram.com/rysrecordings/  

Logo - https://mma.prnewswire.com/media/1709536/Madagascar_Time_Logo.jpg  

Source: Madagascar Time