All LOTTOBLOCK prize pools will payout 90% of the total pool amount. We strive to bring the largest payout percentages in this sector of decentralized finance.
All LOTTOBLOCK team members are EXEMPT from any drawing. Only outside users may participate to ensure complete fairness.
Why create a new coin with volatility? Why reinvent the wheel?
At BLOCKLOTTO, we want tokeep things as simple as possible. This is why we decided to create a lottery system that works with Avax’s stablecoin – $MIM.
All buy-ins and winning payouts are in $MIM.
LOTTOBLOCK uses a simple VRF function for full randomization of winning raffle drawings. There is no human interaction or interference with any raffle pools.
Each lottery participant (each wallet address) is allowed only ONE entry for every drawing. There are daily drawings and weekly drawings, with different lottery pool options. For the daily drawings, each prize pool winner will be drawn using a simple VRF protocol. This guarantees complete randomness and fairness for all lottery drawings.
LOTTOBLOCK is not a scam, though many laws regarding blockchain raffles and lotteries are not defined. For these reasons, the team at LOTTOBLOCK will have anonymity at all times.
What do you have to lose.. $1.
After each daily raffle, all losing wallet addresses, plus 3% of each pot will be added to the weekly rollover pot. The drawing will be made on or around midnight EST, every Saturday.
Each participant (wallet address) can have one (1) entry per game for each drawing time.
The odds of winning vary on the game and pot sizes, but most can be determined by the equation of [1 / <total pot size>]. For 50-30-20 raffle games, it would be [3 / <total pot size>].