The “No Loss Lottery” Winner Announcement: August 20th, 2022.

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10 months ago - 2 minutes read


The “No Loss Lottery” Winner Announcement: August 20th, 2022.

  • what if you could buy a ticket to a lottery which made you eligible for cash prizes every week, but you could also get your ticket price back?

  • Do you think that would still be a lottery?

  • Or is it more like a savings account?

  • Or could it be both?

  • 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 earning interest on your savings.

  • 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 and you earn .. interest.

  • 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.

  • Other people call it a Super Savers Account because in addition to earning interest you are eligible for prizes.

  • 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.

  • This last two weeks total liquidity pool earnings on Cubfinance Cub-BUSD pool was enough Cub to swap for 55 Leo ! 😀 When we subtract the lottery admin fee of 10%; 110-10= 100 Leo, 50 is given away as a prize.

This Weeks Prize Winner:

The Super Prize of 50 Leo goes to #2016 who is @jfang003

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?

Congratulations @jfang003

. #nolosslottery .




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