https://static01.nyt.com/images/2018/05/05/magazine/05mag-lottery-image1/05mag-lottery-image1-facebookJumbo-v4.png

_{DApps that pay is a series of articles that explores blockchain-enabled applications that pay dividends to their token holders. Contrary to the claims of mass media, blockchain-enabled businesses do make money.}

Every year, **tens of billions** of dollars flow through lottery systems even though conventional lotteries have a large *house edge* as a large portion of the funds collected by the lottery are retained by the organizer. **Lotteries are extremely popular** but they are poorly governed, involve large commissions, and are, usually, not provably fair. Blockchain technology provides a means with which lotteries can be held in a provably fair environment and the **retained funds can be brought to a minimum** as on-chain transactions make the operations of a lottery economical. [EOSHash](http://bit.ly/HashSteem) is a gaming startup that has **launched a recreation of the lottery** while including the benefits blockchain provides: **provably fair and low percent of retained funds.** Moreover, in an effort to create a truly decentralized ecosystem, the platform’s **revenues will be delivered to token holders** in the form of dividends.

Decentralized Lottery & Games

EOSHash is a gaming hub that delivers winning numbers through, as the name implies, [EOS block hash.](http://bit.ly/HashSteem) Thus, the system remains provably fair as the game’s founders and **operators have no control over the winning numbers.** The platform is designed to support a number of major games while retaining its **community-centric, decentralized** nature by funneling revenue to token holders.

DappRadar began tracking the platform just 7 days ago. Since then, [EOSHash](http://bit.ly/HashSteem) has climbed the ranks to become a **top 10 Dapp, and over 1,200 EOS have been collected in the dividend pool;** the dividend will take place on **January 20th.**

# A Unique Lottery While lotteries typically conclude after a year or after all tickets/tokens have been sold, **EOSHash has designed a lottery that runs every [60 seconds.](http://bit.ly/HashSteem)** At the start of every minute, a new lottery commences and anyone who has access to a wide range of cryptocurrencies can enter the draw. At the end of the minute, the first 5 EOS block hash that end with a numeric character tally the winning numbers.

Example:

https://cdn.steemitimages.com/DQmTacL2oZ7JvXtUSqSyAnCTYScMuZLDAAH7UNRhcQsNoTw/image.png At the end of Round #25797022, the first two hash had an alphabetic last character and so they were skipped. The following 4 hash a numeric last character in the order 6, 8, 8, and 9. After one more hash skip, the fifth number, 2, was plugged. Thus, the blockchain’s [hash](http://bit.ly/HashSteem) decided the winning numbers of the lottery.

The lotteries rewards are allocated as such:

https://cdn.steemitimages.com/DQmbttZofzkXT9xqWgKDPYQQ6q3EpCHdGCj5N4scVzVWwr4/image.png # Dividend Distribution **EOSHash is already functional.** While the only activity presently available is the lottery, the platform will soon launch a large number of games. The platform’s native token will give [rights to dividends](http://bit.ly/HashSteem) from revenue collected from all games.

Given that the project is live, there is no ICO. Instead, tokens are issued to the community for free. For every $10 used to take part in any of the platform’s games or the lottery, the player will be issued 1 HPOINT; these tokens can be used to purchase HASH tokens. Community members who stake their [HASH](http://bit.ly/HashSteem) tokens will get dividends from the platform’s revenue. When HPOINTs are used to buy HASH, 20% of the HPOINTS are burned, 30% will be added to a jackpot, and 50% will be given to [community members](http://bit.ly/HashSteem) who held HASH tokens at the time of any HPOINT-to-HASH redemption. HASH tokens have a fixed supply and once all dividend-earning HASH tokens have been distributed among the community, the only means of buying them will be through an exchange.

# Exclusive Bonus for Steemit Users EOSHash is offering Steemit users the opportunity to have 3% rebate on all lottery entries. This rebate will also be applicable to all the plays made in the games that will launch on the platform in the future.

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