Crypto Expert David Drake Joins CryptoMillionsLotto Ahead of its ICO

June 11, 2018
Chris Wheal

David Drake, founder and chairman of investment manager LDJ Capital and an early advocate of cryptocurrencies, is to join the advisory board of CryptoMillionsLotto ahead of its initial coin offering (ICO).

CryptoMillionsLotto launches ICO: Pic courtesy of CML

CryptoMillionsLotto will offer players the chance to win life-changing jackpots comparable with some national and state lotteries in the Europe and the US and is open to player from all round the world – provided gambling is not prohibited in their home nations or states.

CryptoMillionsLotto founder

Sulim Malook, founder and chief executive of CryptoMillionsLotto, said: “We are very pleased that David has joined us.

“His exemplary reputation and knowledge of ICOs and capital markets is a perfect fit since our offering combines a security token with publicly listed shares.

“We recognise that he is the best at what he does, and we know that he will be a great addition to our team.”

ICO details and schedule

To fund its launch CryptoMillionsLotto will be selling an initial 25 million ERC20 ethereum tokens priced at $2.50 to raise a total $62.5m.

Pre-sale starts at 9am on 18 June and ends at 11pm on 1 July. The ICO starts a day later and ends at 11pm on 30 July.

Promoting crypto mass adoption

Drake said: “I am thrilled to be on the advisory board of CryptoMillionsLotto.

“I was originally drawn to the project because of its potential to disrupt an enormous global market while promoting the mass adoption of crypto beyond the existing community.

“Its simplicity, the fact it already has a product and business, and its innovative use of security tokens made me want to be part of what Sulim and his associates are doing.”

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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