Note: This is an announcement thread only.
The Collective Raffle (TCR) is a Bitcoin lottery in the style of a raffle with a progressive jackpot. Only 16 participants per raffle posted in Marketplace > Gambling > Games and Rounds by Spazzer.
Entry: Ticket price will be pegged at $5.
Ticket prices will be sold based off the Bitcoin market value at the time of posting. Please keep this in mind when entering. The raffle fees will be sent to the same Hot Wallet for every raffle.
Drawing: The raffle will be drawn after Spazzer posts and confirms payments have been received. From the confirmation post using the current block +5 will choose the six (6) blocks which will determine 1st, 2nd, 3rd, 4th, 5th, and 6th places respectability.
Jackpot: Starting prize pool of 0.01. Each raffle will add two (2) tickets value directly to the Jackpot increasing its value. Jackpot is won by selecting the correct last two (2) digits of that hash sequence. Jackpot will continue to grow until won.
Current Jackpot: https://blockchain.info/address/3F5BoSARwpKg1CyisRtVDj7DcVMyBVRv98
Verification: https://bitcointalk.org/index.php?topic=4397149.msg39151585#msg39151585
Wallets: Jackpot will be stored in a Cold Wallet which will be held by minerjones. Hot Wallet which will receive ticket fees will be accessed only by Spazzer. Funds will be paid out of Hot Wallet to winners each raffle and remaining funds sent to the Cold Wallet.
Fee: One (1) ticket will be the processing fee of the raffle. This fee will go towards transaction fees and possible future developments of the project.
How To Play:
Pick any of the available Tickets up to a maximum of four (4) from the table posted in each raffle.
Choose a random two (2) digit Hash Ticket for every Ticket purchased (1,2,3,4,5,6,7,8,9,0,a,b,c,d,e,f).
Post a reply using the below template with your pick + the txID of your transaction.
Once all Tickets are taken (and paid for) Spazzer will confirm in the thread. From the confirmation post using the current block +5 will choose the three (3) blocks which will determine 1st, 2nd, 3rd, 4th, 5th and 6th places respectability. The last character in the hash of each block will decide who has the winning Ticket for each place. The same ticket can win all three places. If someone correctly picks the Hash Ticket (picking the exact last 2 digits of the hash) they win the Jackpot.
Winnings:
1st: x4 Ticket Price
2nd: x2 Ticket Price
3rd: x2 Ticket Price
4th: x2 Ticket Price
5th: x2 Ticket Price
6th: Raffle Ticket
Post the following template:
Ticket(s): (x)
Hash Ticket: (x)(x)
txID:
Example:
Disqualification: If you do not follow the instructions of the raffle you may be disqualified. You will receive a refund and be banned from participating for 24 hours. If you get banned from particpating three (3) times you are permanently banned for life. Spazzer reserves the right to disqualify any user prior to the draw.If the Prize Pool is never won and The Collective Raffle has closed it's doors. The community will vote on what charity or non-profit the jackpot funds will be donated too.
Updates:* Decreased Hash Ticket length from 3 values to 2.
* Increased Winnings payout positions for 1st, 2nd, 3rd, 4th and 5th
* Decreased Jackpot funding from 5 tickets to 2 tickets.
* Removed requirement of Hash Ticket having the last digit matching the Ticket.
* Increased Ticket Limit per Person from 1 to 4.
