Hello there. What are those jackpots that every sale round has?
System automatically set some extra tokens for a very attractive price when hard cap is reached.
Gentlemen, this is not precisely correct. I would even say it is outright wrong. The jackpots work as follows:
1. In essence, it is an airdrop of tokens, however, with major modifications.
2. Every token sold during the previous sale rounds has a chance of winning a jackpot.
3. Jackpots are large lots of SPX tokens that will be granted to a lucky guy, the owner of the token that will be chosen as a winner. So, any winner will get the entire lot. In other words, there will be only 10 wallets (or less) who will win 28,888,888 SPX token jackpots during the first jackpot round.
4. Jackpot tokens do not participate in the subsequent jackpots, so winning a jackpot does not increase one's chances of winning another one.
5. Round I jackpot tokens will be frozen for the period of 9 months (+1 month for every next jackpot round (10 months for round II, 11 months for round III) and +3 months for the jackpot round IV (14 months)). This is done to avoid the chance of a couple of folks collapsing the price of SPX on the day of the exchange listing.
6. An important aspect of the jackpot campaign is the presence of jackpot factors attached to every token. This makes the game much more interesting and allows anyone to actually influence one's odds to win the jackpot. These factors work in the following way:
a. The factor is the probability multiplier. Without these factors, every token would have a probability 1/n of winning a jackpot, where n is the total number of tokens. With factors, the formula changes to Factor(j)/(Factor(i)%*%n(i)), where j is the factor of a token, i is the group of tokens, n - the number of tokens in the group. Every group is defined as having some factor that every token within this group holds and a number of tokens that belong to this group. For example, there are 84,942,511 SPX tokens with factor 88,8 that have been distributed during the pre-sale round. Such tokens are unique and will never appear in the subsequent sale rounds. A token with 88,8 factor is 4,93 times more likely to win a jackpot than a token with factor 18.
b. The total probability of you winning the jackpot is calculated as follows: (Factor(j)%*%n(j))/(Factor(i)%*%n(i)) where j is a group id of tokens that you hold, n - the number within each group. So, simple weighted probability. Of course, these numbers are different for every sale and jackpot round depending on how many tokens remain in the pools.
c. The factors are decreasing within every sale round as the tokens are being bought out. They also decrease between the sale rounds: tokens in round II do not hold as powerful factors as those in the round I.
7. Finally, note, that those who participate in the SP8DE public sale earlier, participate in more jackpot rounds than those who decide to step in later on. Every sale round is followed by one jackpot round, so those who buy SPX during the second sale round do not participate in the first jackpot.
