If you don´t know what is Magi Network and it relation with Hive I will give you a short sum. Magi is a crosschain protocol that supports smart contracts and use a resource credit model generated by HBD holdings on the network.
But what I am talking about this first? Because is in Magi where is build Okinoko Takara. A smart contract made by that allow anyone to create or join custom lotteries. All is stored on-chain so there is no hidden rules to trick the game.
Here is when it comes the idea of a Hive Powerball. The initial idea was get on yearly lottery, but because the lotteries duration it’s limited to 90 days we will have 4 rounds per year.
Each ticket will cost 0.1 HIVE and you can buy many as you can.
20% of all funds will be burned and the remaining balance will be the pool prize that will be distributed in the following split:
- 60% Powerball winner
- 20% Golden winner
- 10% Silver winner
- 5% Two Bronze winners
As you can see, I not taking any cut of this
How to log in okinoko.io to participate?
- Connect your Hive account with HiveAuth or Keychain (if you are in a smartphone use the internal browser of keychain).
- Deposit some Hive.
- Select Okinoko Takara and search for Hive Powerball.
- Buy all the tickets that you want.
It is fun, simple and cheap participate in the Hive Powerball.
PS: with the example of or
created by
and
I wonder if will be possible a service where people can put it as beneficiary and that buy tickets for the Hive Powerball for them. In this case I can lowered the ticket prize to 0.001 Hive that way fractional rewards still get tickets.