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Coradan

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MegaLotto (Additional info...)
« on: May 29, 2014, 12:41:00 am »

Hi everyone,

I have created a project about crypto-lotteries called MegaLotto.  The first lotto on it will be MegaNXT Lottery. 
More info: http://www.megalotto.zone or http://www.meganxt.com

I hope to issue the first round of MegaNXT lottery this week with first Draw at Block 250'000 of NXT blockchain.

MegaLotto is the project...  And MegaNXT will be the tickets of one lottery within the project. 

It already can buy Megalotto shares on Assets Exchange:

Asset Name: MegaLotto
Asset ID: 15134071718475327250
Asset Issuer: NXT-YM97-Y7R7-VGJN-9WDCH

I hope your opinions...

Thanks and best regards,
Coradan.
« Last Edit: September 01, 2014, 03:57:44 am by Coradan »
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jungian

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Re: MegaNXT
« Reply #1 on: May 29, 2014, 09:04:51 am »

How much is the payout%?
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allwelder

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Re: MegaNXT
« Reply #2 on: May 29, 2014, 09:17:37 am »

The probability of winning is almost 0 ?
« Last Edit: May 29, 2014, 09:20:38 am by allwelder »
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allwelder

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Re: MegaNXT
« Reply #3 on: May 29, 2014, 09:20:22 am »

another ,the bounty will be distributed to winners by yourself or automatically?
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jungian

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Re: MegaNXT
« Reply #4 on: May 29, 2014, 09:21:23 am »

another ,the bounty will be distributed to winners by yourself or automatically?

Yeah, these things need AT if I were to play. Too high risk of a scam
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Coradan

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Re: MegaNXT
« Reply #5 on: May 31, 2014, 08:10:20 am »

another ,the bounty will be distributed to winners by yourself or automatically?

The process to distribution to winners will be automatically.
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Coradan

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Re: MegaNXT
« Reply #6 on: May 31, 2014, 08:11:34 am »

another ,the bounty will be distributed to winners by yourself or automatically?

Yeah, these things need AT if I were to play. Too high risk of a scam

The project is not scam, I am development it, and I dont have idea to scam to nobody.   I only want create a business based on NXT cryptocoin.  And when it is working, I'll buy MegaNXT lottery tickets (MegaNXT assets) by myself to try luck.

More info: https://bitcointalk.org/index.php?topic=629572
« Last Edit: May 31, 2014, 08:19:44 am by Coradan »
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Coradan

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Re: MegaNXT
« Reply #7 on: May 31, 2014, 08:12:11 am »

It is easy...  The project MegaLotto will manage lottery draws every 5'000 blocks of several coins.  The first will be NXT (MegaNXT), but NEM (MegaNEM) will be in the future and others.

Minimal Assets sold per draw will be 1'000. If the minimun is not reached, will add 5'000 to the Block Height and will wait to achieve it. The price of each Lottery Ticket (MegaNXT asset) will be 10 NXT to participate on each draw.

Sample of estimations for MegaNXT Draws:

1'000 assets sold per draw - 10'000 NXT earnings (7'000 for Awards, 2'000 for dividends to Stakeholders, 1'000 Promotion and Development)
10'000 assets sold per draw - 100'000 NXT earnings (70'000 for Awards, 20'000 for dividends to Stakeholders, 10'000 Promotion and Development)
100'000 assets sold per draw - 1'000'000 NXT earnings (700'000 for Awards, 200'000 for dividends to Stakeholders, 100'000 Promotion and Development)

Little by little we will add others coins, the next will be NEM when it is launched.

The MegaNXT draws start after the first 100'000 Shares of MegaLotto are sold, and this 100'000NXT will be the first Jackpot for the first draw.  Current price per share is 1 NXT.

You have more details on: http://www.megalotto.zone

The Shareholders will recieve their profit monthly and automatically on their accounts with MegaLotto assets.
« Last Edit: May 31, 2014, 08:14:32 am by Coradan »
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Coradan

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Re: MegaNXT
« Reply #8 on: May 31, 2014, 08:13:27 am »

What do I need to request a subforum to this project?  The name of the subforum must be: MegaLotto.  I want to this is a serious project.
« Last Edit: June 08, 2014, 04:54:41 pm by Coradan »
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Coradan

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Re: MegaNXT
« Reply #9 on: May 31, 2014, 08:46:38 am »

The probability of winning is almost 0 ?

The lotto prizes have three categories:
 
N Prize: 30% of proceeds.  Win condition will be last five numbers of your purchase transaction is equal the last five numbers of the block ID.  The award is shared between all winners with the same five numbers.  Win Probability: 1/100'000.
 
X Prize: 20% of proceeds. Win condition will be last four numbers of your purchase transaction is equal the last four numbers of the block ID. The award is shared between all winners with the same four numbers.  Win Probability: 1/10'000.
 
T Prize: 20% of proceeds. Win condition will be last three numbers of your purchase transaction is equal the last three numbers of the block ID. The award is shared between all winners with the same three numbers. Win Probability: 1/1'000.
« Last Edit: September 01, 2014, 03:58:46 am by Coradan »
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Coradan

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Re: MegaNXT
« Reply #10 on: June 01, 2014, 02:36:18 pm »

I am developing the software to calculate de Awards based on the blockchain to publish the winners on the webpage after the draws of MegaNXT.  To pay the awards will be necessary send a Message to the Megalotto Account request the award, this is to avoid send money to lost accounts and to work similar to the real life. 

Please if you have ideas to improve the project, please tell me.  Now it is the moment...  Opinions about categories of awards, percentage earnings of every categories, etc...

Any suggestions are welcome...

Thanks and best regards,
Coradan.
« Last Edit: June 02, 2014, 04:45:51 am by Coradan »
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pt7

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Re: MegaNXT
« Reply #11 on: June 02, 2014, 06:37:34 am »

You might want to announce this asset at
   Nxt Forum > General Discussion > Asset Exchange > Assets Board
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Coradan

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Re: MegaNXT
« Reply #12 on: June 08, 2014, 11:02:17 am »

You might want to announce this asset at
   Nxt Forum > General Discussion > Asset Exchange > Assets Board

Thanks for the suggestion! :)
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Jimmy2011

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Re: MegaNXT
« Reply #13 on: June 08, 2014, 12:34:50 pm »


Don't you think it is too expensive?

If you can sell all those 500,000 shares, that you can get 100000*1 + 200000 * 5 + 200000 * 10 = 3,100,000 Nxt?

And you have 50% shares yourself! What you do is just a simple website.

So I'm wondering whether it's a scam.
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Coradan

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Re: MegaNXT
« Reply #14 on: June 08, 2014, 01:06:08 pm »

Not, the idea is not to be a webpage only, the idea is to do draws periodically and have promotion activities around the project.  For example, the first 100.000 shares are sold go to the first draw as the first Jackpot of the MegaNXT Lottery. 

I think it has not expensive, because if the people are interested and there is a reasonable rate of proceeds in every draw (every weeks aprox.) the Shareholders will have a interesting profits.  It depends the people interest, and to high people interest will be necessary high Jackpots, and at the begining the Jackpots will be create with assets sold.

I want to create a serious project with this cryptolotteries, I dont want create a scam...  You can be sure, because you will see how it will go to grow up.  At this moment I am developing the software to know accounts with awards after the draws, etc.

I will publish news with the progress...
It is possible follow us in our Twitter: https://twitter.com/megalottozone

Thanks and best regards,
Coradan.
 
« Last Edit: August 19, 2014, 04:38:15 pm by Coradan »
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