Introduction to LOTTO

LOTTO is a lottery activity based on the LotteryCoin project’s token LOT for betting. This activity conducts a lottery draw every 1,000 block heights,. The result of the lottery is determined by the last four digits of the hash value for every 1,000 block heights in the LotteryCoin project, ensuring that the results cannot be manually interfered with and are fairly disclosed.

In order to ensure the long-term and healthy development of the project, 80M LOT will be pre-mined, of which 30M LOT will be used as the prize pool fund to supplement the prize pool and increase the prize.

Award eligibility
LOTTO note unit: 1 LOT per note.

Award details

First Prize: The last four numbers are exactly the same, and the prize money is no less than 10,000 LOT. The specific prize money varies depending on the number of bets in that period.
Second Prize: There are 3 same numbers in the corresponding positions, with a fixed bonus of 256 LOT.
Three prizes: There are 2 same numbers in the corresponding positions, with a fixed bonus of 10 LOT.

All winning LOTTO will be automatically allocated by the blockchain smart contract to the corresponding betting wallet address.Please refer to Winning rules for specific corresponding positions.

Allocation of bonus funds

Lottery Pool Fund: 95% of total betting amount + 5,000 LOT block rewards (LotteryCoin project: 5 LOT x 1,000 per block)
Operational issuance: 4% of total betting amount
Lottery Fund: 1% of total betting amount

The first prize fund for each issue shall not be less than 10,000 LOT, and there is no upper limit on the maximum prize for a single bet.

Lucky Airdrop
In addition to the block rewards, Operational issuance will conduct lucky airdrops into the prize pool at the following block heights.
For every 10K block height, lucky airdrop 5,000 LOT;
For every 100K block height, lucky airdrop 25,000 LOT;
For every 1M block height, lucky airdrop 55,000 LOT;
For every 10M block height, lucky airdrop 95,000 LOT.

Allocation of bonuses to each group

1.The first group bonus: After deducting the total bonus of the second and third groups from the lottery pool fund, it will be evenly distributed among the winning units.
2.Second group bonus: 500LOT per bet (if not enough, it will be paid by the lottery fund).
3.Third group bonus: 5 LOT per bet (if not enough, it will be paid by the lottery fund).

Winning rules

LOTTO places bets on the LotteryCoin project token LOT and uses the last four digits of the hash value for every 1,000 block heights as the winning number. For example, the hash value corresponding to a block height of 4,000 is 3F0A,The corresponding betting numbers：(3)(16)(10)(11)
Bet number (3)(16)(10)(11): Winning the jackpot
Bet number 3(16)(10)(*)/3(16)(*)(11)/(3)(*)(10)(11)/(*)(16)(10)(11): Winning Second Prize
Bet number (3)(16)(*)(*) / (3)(*)(10)(*) / (3)(*)(*)(11) / (*)(16)(10)(*) / (*)(16)(*)(11) / (*)(*)(10)(11): Winning the third prize

Special reminder:The order of winning numbers must be completely consistent.The winning result needs to be confirmed by 32 blocks.