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  • How Does the Lottery Work?
  • Why Participate?
  1. Events

Lottery

About Lottery Event

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Last updated 5 days ago

Frequency: Daily

Description

Gethar Lottery is a daily event that allows users to test their luck and win additional GTH tokens. Participants can purchase tickets to enter, and a draw takes place once every 24 hours.

How Does the Lottery Work?

Ticket Purchase:

  • The cost of one ticket is 1 GTH.

  • Users can buy an unlimited number of tickets, increasing their chances of winning.

Prize Draw:

  • Every 24 hours, a random draw is held among all purchased tickets.

  • 20% of all tickets are burned (burning), reducing the total number of tokens in circulation.

  • 70% of tickets win nothing.

  • 10% of tickets become winners, and the remaining 80% of the total token pool is evenly distributed among them.

Example of Prize Distribution:

  • Let’s say users bought 10,000 tickets (10,000 GTH).

  • 20% of tickets are burned → 2,000 GTH is permanently removed.

  • 8,000 GTH remains.

  • 10% (1,000 tickets) become winners.

  • The remaining 8,000 GTH is evenly distributed among the 1,000 winning tickets.

Why Participate?

  • The opportunity to significantly increase your GTH balance.

  • A fair and transparent draw system with chances for a big win.

  • Support for the project’s economy through the burning mechanism.

Fairness and Transparency

  • The lottery is fully automated and operates based on Stellar smart contracts, eliminating any possibility of manipulation.

  • The winner selection is conducted using a cryptographically secure random algorithm.