The “No Loss Lottery” is smart like a savings account, but fun like a lottery.
The “No Loss Lottery” is Smart Fun!
- What if you could deposit money in a savings account to save your money, but your savings deposit also made you eligible for a weekly lottery?
- So the account would be smart like a savings account, and fun like a lottery.
- Smart and Fun, I call it Smart Fun!
No Loss Lottery
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The No Loss Lottery is called No Loss because your lottery ticket purchase price actually is a deposit into a savings account, which also makes you eligible for a prizes, in addition to your savings.
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Therefore it is like a lottery, in that you buy tickets, and can win prizes, but like a savings account, because you never lose your money.
Prize Linked Savings
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Some people call it Prize Linked Savings because it is like a Savings account, but the account also gives you a chance to earn prizes, in addition to saving your money.
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Other people call it a Super Savers Account because in addition to saving money you are eligible for prizes.
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Prizes are derived from earnings from ticket purchase price amounts being invested in Cubfinance DeFi Farms, so there is a possibility of impermanent loss, but balanced by gains over time.
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This last two weeks total liquidity pool earnings on Cubfinance Cub-BUSD pool was enough Cub to swap for 100 Leo ! 😀 This week I waved the admin fee, so the prize would be an even 100 Leo.
Winner Announcement: September 11th, 2022.
This Weeks Prize Winner of 100 Leo goes to #733 who is @jc1991gsf
How is the Winner Determined?
- Each ticket is assigned a number in a ledger.
- Then a Google random number generator is used to generate numbers between 2 and 5152 the total number of tickets sold and Leo deposited so far.
How is the Prize Money Distributed?
- By wallet transfer, from the @nolosslottery account.
Congratulations to @jc1991gsf on winning the #nolosslottery
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@shortsegments
:)
Posted Using LeoFinance Beta