Ok, but how does it work?


Lottery Draw Rules

  • A draw is the process of randomly selecting winners for prizes collected in a pot
  • The money in a pot is the collection of all the tickets bought for that draw period
  • All draws will have 3 winners and the total pot is divided to the winners in the following percentages:
    First Winner: 50%
    Second Winner: 35%
    Third Winner: 15%
  • 7% of the pot goes to BitDraw.io
  • One wallet can win all three prizes, since all tickets are transaction hashes, every hash is treated as an individual ticket
  • BitDraw.io has Hourly and Daily draw periods, Weekly and Monthly periods are in the works
  • A draw happens at the end of its period, i.e Hourly, Daily
  • All dates and times are presented in UTC at bitdraw.io

How the winners are chosen exactly?

  • At the end of the draw period whether Hourly or Daily the system collects all the tickets AKA transaction hashes (deposits basically) that it received during that draw period, for example Hourly Draw and assigns each ticket a number
  • Then it chooses 3 winners by generating random numbers that corresponds to the assigned numbers as first, second and third winner respectively
  • BitDraw.io uses random.org for generating random numbers, "RANDOM.ORG offers true random numbers to anyone on the Internet. The randomness comes from atmospheric noise, which for many purposes is better than the pseudo-random number algorithms typically used in computer programs."

How the prizes are distributed exactly?

  • Once the draw is happened and winners are determined, they will receive their prizes in the wallets that they bought the ticket with instantly, no waiting time.
  • All the prize sending gas fees are covered by BitDraw.io