iCoins releases unique pay it forward-style free-to-play lottery Facebook game Hotcoins

raltar, 30th October 2008) - Gibraltar-based iCoins Limitedhas announced the launch of its newest Facebook free to play lottery game calledHotcoins. This unique game, which can be played athttp://apps.new.facebook.com /hotcoins, encourages the concept of creating digitalcash and passing it on to friends on popular social networking website Facebook. "Hotcoins embodies the "pay it forward" concept. What makes this Facebook-basedonline lottery game truly one of a kind is that there is no charge to play it andall a user needs to do is send as little as $1 worth of Hotcoins to a friend inorder to get 2 tickets in the draw. Hotcoins provides that unique platform wherein aperson can send a gift to a friend and be in the draw for a prize at the same time,"said iCoins CEO Adriaan Brink. iCoins Limited operates the iCoins digital cash system (www.iCoins.com) which alsoruns a Facebook application called Coinjars (http://apps.facebook.com/coin jars).Coinjars makes it possible for a user to send, receive and redeem money, payments oreven donations right within Facebook.In Hotcoins, players even have the option to ask for the money back and the personthey sent the money to can return it to their friend. At the time of the draw, allHotcoins are moved back to the players' iCoins accounts and they have the option toredeem the money through any linked payment provider, use it to play another game,or transfer the money to another Hotcoins player. A winner will be drawn weekly.Brink explained that the prize per draw is provided as an incentive to explore theconcept of having and moving digital cash in and outside Facebook. The iCoins chief executive also said that they promote the use of iCoins "becausethey're freely transferable, legal, fast, anonymous and guaranteed at face value. Wedon't impose any charges at all as long as the iCoins stay digital. Transfers arefree of charge. A user also need not have a bank account or a credit card," addingthat "iCoins make it very easy for anybody to move digital cash and you can even usethem in sending donations to a favorite charity or sending payments to an employee.It is a system that provides the functionality of cash in an electronic medium.""We are optimistic that with iCoins and integrated eWallets such as Coinjars, peoplewill become accustomed to this more viable, cost-effective way to deal with onlinepayments and money transfers" Brink stated.Both Hotcoins and Coinjars are clients of, and all treasury funds are underwrittenby, MintFlow Ltd. in the Isle of Man, a licensed eMoney issuer.For more information on iCoins, visit www.iCoins.com or the Facebook Coinjarsapplication page http://apps.facebook.com/coinj ars Meanwhile, the Hotcoins lottery game may be played athttp://apps.new.facebook.com /hotcoins About CoinJarsCoinJars is an iCoins' application on social networking website Facebook. It is awallet application built on the iCoins platform, which includes a fully secured andlicensed eMoney issuer. The application can be accessed athttp://apps.facebook.com/coi njars and at its Facebook Pagehttp://www.facebook.com/ap ps/application.php?id=64899372 23&ref=sAbout iCoinsiCoins, based in Gibraltar, are developers and operators of an electronic cashsystem that can be integrated with 3rd party wallet servers. iCoins is a digitalcash mechanism designed to allow cash transactions between disparate and unrelatedWallet systems in the digital era. iCoins are similar to bank notes. They can beacquired by a consumer on application to a suitable issuer (similar to a bank in thereal world) and are always worth their face value in real money. iCoins Limitedwww.icoins.com3 Garrison HouseLibrary RampGibraltarTel. +350 20048595Fax No. +350 20052911-30-FOR MEDIA OR BUSINESS ENQUIRIES, PLEASE CONTACTAdriaan BrinkChief Executive OfficeriCoins LimitedAdriaan@icoins.com

Source: Express-Press-Release.com

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