Updated Ledger: list of ticket entrants
Ledger of Ticket Buyers and assigned numbers
There are 370 Entry Tickets, so each one has a 1 in 370 chance. This is much better then most lotteries with a 1 in 1 million chance of winning.
The No Loss Lottery is a Prize-Linked Savings Account.
In a Savings account you get paid interest each year, from 0.1% to 2.0% currently at banks. If you deposit your money in a Prize Linked Savings Account, your Money is held for you in an account. But unlike a Savings Account you don’t get paid the interest on your money. You get a chance to win the interest on every bodies money in the pooled account!
Brief Overview of No Loss Lottery
The No Loss Lottery is like a lottery and like a savings account, but with certain parts of each, selected for their goodness and put together to make something perhaps better than either one.
The No Loss Lottery does have an element of the random big prize being awarded to a lucky winner who purchased a Ticket. Your deposit buys you a chance at winning a monetary prize much bigger then your One Leo. So in the way it’s like a Lottery.
In a No Loss Lottery you buy a ticket with a deposit of one Leo. But you can always get your Leo deposit back by requesting it. So in that way it’s like a Savings Account.
A Lottery does make you buy a ticket every week. But in a No Loss Lottery, as long as you leave your Leo deposited you are automatically entered in every weeks drawing.
In a Savings account you get paid interest each year, from 0.1% to 2.0% currently at banks. If you deposit your Leo in the No Loss Lottery, you don’t get paid the interest on your money. You get a chance to win the interest on every bodies money in the pooled account!
The No Loss Lottery is a Hybrid of a Savings Account and a Lottery. The No Loss Lottery combines the Money Safety aspect of a Savings Account, with the Large Prize aspect of a lottery.
BLEO-BNB Account on Cubfinance
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All ticket purchases in Leo, are deposited in the BLEO-BNB Farm on Cubfinance. So this project supports both Leofince project Cubfinance, and it supports the other project the Leobridge, by providing Liquidity to the BLEO-BNB trading pair, which is an integral part of the Leobridge.
