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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery.
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on: September 23, 2017, 11:52:29 AM
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And what is the maximum amount of winnings in this lottery?
2 324 000 000 USD (2.34 billion)  It is 7 000 000 ETH to be exact. so it all depends on the ETH price. Where are these ETH from? Is this a weekly lottery or just "one" big lottery? 95% of money raised during the upcoming ICO will be put into the Jackpot. It's like almost all of it, what shocked me at the beggining. Maximum ICO cap is 200k ETH, so I am curious how the jackpot can be 7Million ETH. I'm also very interested in learning how this is possible This amount is calculated in the long term. 95% of the ticket sold will go to the jackpot fund. That is, the amount of the jackpot will constantly grow? Why then the border is exactly 2.34 billion? They dont need to hold the exact amount in the jackpot, because you are able to withdrawl the found over time. like 50 mln once a week. untill you will reach your winning bet value. |
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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery.
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on: September 23, 2017, 11:51:02 AM
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And what is the maximum amount of winnings in this lottery?
2 324 000 000 USD (2.34 billion) It is 7 000 000 ETH to be exact. so it all depends on the ETH price. Where are these ETH from? Is this a weekly lottery or just "one" big lottery? 95% of money raised during the upcoming ICO will be put into the Jackpot. It's like almost all of it, what shocked me at the beggining. Maximum ICO cap is 200k ETH, so I am curious how the jackpot can be 7Million ETH. I'm also very interested in learning how this is possible This amount is calculated in the long term. 95% of the ticket sold will go to the jackpot fund. So it sounds like there will only be one big lottery and almost everything goes to the winner. What happens after the lottery is over? Is this project dead? No, the lottery will never be over. Once someone hits the jackpot he can withdrawl the founds that match 50% of the current jackpot value, and will be able to withdrawl 50% of the jackpot every month untill the amount will reach the value he won. So There will be always money to win in the jackpot for other player and the winners will be able to collect all their winnings in time ( if the winning will exceed the jackpot value, than it will just take a few withdrawls over time to cover the winning, just like in regular lottery) |
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