FAQ
1 - How do I participate in a drawing?
To participate in a drawing you need to buy tickets that are valid for a single drawing. You can buy tickets for the lottery using USDT through the BNB Smart Chain Network (BEP20).
2 - When will the drawing be hold?
The drawing will be hold weekly with non-accumulative prizes, that is, all the amount collected in a week is spent in prizes during the same week.
3 - Where does the prize of the week come from?
All ticket sales are directed 60% to the prize of the week, 30% to ticket holders who have LTT token allocated in Staking (according to the definitions already established in docs.lottochain.app/how-to-works /ticket-office) and 10% of the amount is directed to the reward pool distributed to stakers, which is also made up of residual lottery fees.
4 - How many winners will there be?
The winners will be divided into 3 groups in the following award order:
Top winner (1 winner);
Secondary winner (10% of participants, except the antecedent group);
Remaing winner( 20% of remaining participants, excluding antecedent groups).
5 - How much does each group receive?
50% of the total value of the prize goes to the Top winner, 33.33% for a secondary winner group and 16.67% for the remaing winner group.
Note: The division of the prize for the groups with more than one winner is done equally among the winners of the group.
6 - How do I see who won?
Lotto Chain was created with the aim of offering full transparency among its supporters and, for that, it is available for users to check the records of ticket issuance, drawings and winners on the blockchain. Browsing through “Prizes” it is possible to view this information.
6 - How does STAKING work?
For $LTT token holders who aim for the long term, there is another way to benefit from lottery drawings, as part of what is collected is destined for users who leave their tokens locked. In addition, part of the fees generated by the Lottery is also divided between stakers, so an $LTT holder can generate income in addition to supporting the entire decentralized lottery ecosystem.
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