Hello Steemit friends,
welcome to the STEEMIT FREE LOTTERY!
This is the presentation of the first really free lottery on steemit! Do you understand me? This lottery will award SBD prizes to the winner without costs for its partecipants!
How is the prize pool established? For the first five editions, 90% of the author's payout will be fully devoted to the lottery winner, after this initial period the prize pool will be 60%.
How this lottery works? Very simple!
First of all partecipants will need to rate this post, then they have to write a comment with a number from 0 to 99.
Each participant can leave only one comment but if you resteem this post, you will have an additional comment and then a total of two votes.
The winner will be the one who guess the winning number. If the winner will be more than one, the jackpot will be divided equally among winners.
Rules to qualify to the lottery:
- UPVOTE this post
- Follow me
- Write your prediction (number from 0 to 99)
- You can leave only one comment (two if you resteem the lottery post)
- You can leave a comment until time and date specified in the lottery post
- Any comment edited after the DEADLINE will be disqualified from the contest
- If no one has the winning number, the prize pool will be added to the next lottery and so on, so imagine how huge the jackpot could be.
Please note that Resteem of this post is highly recommended because it will help to increase the value of the total SBD earnings that will be shared to the winners.
LOTTERY winning number:
How the winning number is determined? I choose this formula to make this lottery as fair as possible :
pending payout (end of lottery) * number of votes (end of lottery) * open price of bitcoin in the following day (bittrex)
I will take the two central numbers of the result of the formula considering only numbers before the comma. If numbers of the digit is odd, i will take the central number and the first number on the left of the central number.
In this way, everyone could determine the winning number by itself (without having to wait my post) and the winning number will be free from manipulation.
Example:
Next day bitcoin open at $3558.52
At the end of lottery, we have a pending payout $7.82 and 119 votes. The price of bitcoin at open next day is $3558.52 . The winning number is:
7.82 * 119 * 3558.52=330,839.8016.
We take the result without comma: 330,839
330839
In this case the winning number will be 8
If the result had been 33,089 the winning number would have been 30 (33089)
The winner will receive the prize pool after one week, when the post receives the payout.
That's all my friends, later today a will start the first edition of STEEMIT FREE LOTTERY!!