Lottery Ticket Cost (1 Ticket): 1 PZAP
Max Ticket Purchase Limit: No limit (40 tickets at once)
Lottery Price Claim Fee: 5% of the winning amount. (this fee will be sent to a random charity once a month).
Auto Load: Lottery is reloaded with PZAP to make the pot at least 1500 PZAP (This amount can be changed)
A single lottery ticket has a random 4 digit combination, each digit being between 1-9.
To win the lottery jackpot (50% of the entire lottery pool), players need to match all 4 numbers on their tickets in the same position as the 4 winning numbers.
If you don't match all 4 numbers for the jackpot? That's fine! You still have more chances, as long as your ticket matches 2 or more numbers in the same position as the winning numbers, you are guaranteed to win a reward!
Match all 4 numbers in the exact order: Win 50% of the pot, or split the pot if more than 1 winner.
Match 3 numbers in the exact order: Win or split 20% of the pot.
Match 2 numbers in the exact order Win or split 10% of the pot.
Burn: Remaining 20% of the pot.
For example, if the winning numbers for a draw are: "3-5-2-7":
Ticket matching 4 numbers: "3-5-2-7"
Ticket matching 3 numbers: "3-5-7-7", "3-5-2-9" ....
Ticket matching 2 numbers: "1-9-2-7", "3-5-8-9", "3-1-2-9" .....
There is a 5% Price Claim fee for the winning amount when you claim the winning ticket. (this fee will be sent to a random charity once a month).
Initially, the lottery will be drawn every 24 hours. This can change based on community feedback.
All lottery draws have to be activated by calling a 'draw' function in the smart contract.
Phase 1 - Buy Tickets
Go to https://farm.polyzap.finance/lottery and buy your tickets.
Anyone buying a lottery ticket is contributing to the pot.
For each purchase players receive a ticket (4 digits) for the upcoming lottery draw.
Phase 2 - Lottery Draw
At the specified lottery draw time, 4 winning lottery numbers are drawn and will appear on the page.
Each participant's winnings will be automatically calculated based on their ticket numbers and shown on the page.
Players can claim winnings if they have any minus the 5% price claim fee.
Players will also be able to see the lottery results: How many users matched all 4 numbers, 3 numbers, and 2 numbers etc.
Phase 3 - Party!
Congrats on your winnings! Share some love to PolyZap and get more players to participate in the upcoming lottery draws!
Remember the next lottery will always start soon!