Lottery

About Lottery Event

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.