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Author Topic: MegaNXT  (Read 4842 times)

Coradan

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MegaNXT
« on: July 22, 2014, 06:42:40 pm »

MegaNXTs are lottery tickets to participate in weekly draws of NXT.  It is a MegaLotto Project.  Draws will be every 2’500 blocks (every 3 days aprox.) and are based in NXT blockchain to ensure fair and safe.

The proceeds of every weekly draw will share on this way:

70% of proceeds going to the Prizes.
30% dividends to the Shareholders (Owners of MegaLotto Assets).


How it works?

You can buy MegaNXT in DGS every 2'500 blocks to participate in the Lottery game through NXT Digital Goods Store.
 
When you buy one MegaNXT, the last five numbers of the transaction ID will be your number to play.  If you buy several MegaNXT at the same time (same transaction), you will play with the same last five numbers repeat several times.  It would be as if you had purchased several tickets of the same number.
 
There are three categories of Lotto Prizes and you can only obtain Prizes in one of them:
 
N Prize: 30% of profits.  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 profits. 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 profits. 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.


MegaJackpot

The weeks without winners on any category the amount will be accumulated to the next week.  And the amount will be shared on every categories with percentages 50%, 25% and 25%.
 
For example, if one week the 30% amount is 100'000 NXT and there are not winners on first category that week, the next week 50'000 will be added to the first category, 25'000 will be added to the second one and 25'000 will be added to the third one.
« Last Edit: August 31, 2014, 08:04:03 pm by Coradan »
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Coradan

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Re: MegaNXT
« Reply #1 on: July 23, 2014, 01:11:49 am »

We are waiting to launch the first MegaNXT draw until 100'000 MegaLotto Assets are sold to have a Jackpot of 100'000 NXT for the first draw.
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Steve

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Re: MegaNXT
« Reply #2 on: July 23, 2014, 01:17:46 am »

Best of luck in your venture, once I am home I shall buy a ticket or ten!

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Coradan

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Re: MegaNXT
« Reply #3 on: July 23, 2014, 01:19:10 am »

Thx...   
Good luck for you too, on the draws... :)
« Last Edit: July 23, 2014, 01:46:00 am by Coradan »
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cobaltskky

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Re: MegaNXT
« Reply #4 on: July 23, 2014, 02:19:27 am »

Neat!  I want in, but what's the asset number?
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Coradan

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Re: MegaNXT
« Reply #5 on: July 23, 2014, 02:47:29 am »

Neat!  I want in, but what's the asset number?

The Lottery Tickets wont be Assets, will be Digital Goods, tickets that you can buy to participate in the draws.
We are waiting to launch the first MegaNXT draw until 100'000 MegaLotto Assets are sold to have a Jackpot of 100'000 NXT for the first draw.  The Lottery Tickets will be MegaNXT...

For the moment, you can buy MegaLotto Assets to support the project and to obtain weekly revenues when the draws start...
« Last Edit: August 31, 2014, 08:07:14 pm by Coradan »
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