Lottery is the first class gambling game since hundreds of years. Both the traditional and the current digital world have different problems: trust, logistics, security, government regulation, etc. Blockchain technology solves all these problems, the use of smart contracts adds security, transparency, speed and anonymity. The time has come to include blockchain in lottery.
Nowadays there are a multitude of projects coming out daily focused on the NFT world (DAO, GAME, ART). Our goal is to create an entertainment service, which adds value to the Elrond ecosystem providing new ways of utilization to its smart contracts. Our lottery will make use of the blockchain network to:
Lotteries usually distribute prizes between 50% and 55% of the collected amount. Our lottery will start distributing 90% of the incomes to prizes and will increase close to 95%. Our prizes will be in $EGLD and high value NFT collections.
Great prizes in $EGLD: Each drawing will have a number of winners (we will start with 3 and we will reach 5, according to what the community decides, we will increase that number).
Big prizes in NFTs: Each week a part of the funds raised is allocated to the purchase of NFTs to be drawn. This allocation will increase over time, we will propose to the community if they want more quantity or more quality.
Rewards: All players get 50% of their investment back, if you are not awarded with $EGLD or NFT you will be able to claim from our website half of the amount invested!
Weekly basis: Draws will be held starting on Sundays and winners will be declared (and prizes delivered by the Smart Contract) on Fridays.
READY: In the first phase the objective is to get the first 1000 participants, at that point we will be distributing almost 100 $EGLD in prizes.
STEADY: It would be a phase of growth and expansion, more winners and more NFT. In this phase we will develop:
GO: Consolidation, we will focus on: