Hey Titans! 🪐
The excitement doesn’t end; we are happy to announce the launch of the Titano Lottery! The Titano Lottery will provide another use case and add additional value to the Titano Ecosystem. The lottery will differ from PLAY in a few ways; let’s first look at some general info on what a lottery is and how it works.
⦁ Lottery ticket cost: $5 in Titano
⦁ User entry limit: Only 500 tickets can be bought in one go
⦁ Max number of tickets to be purchased at a time: Unlimited
⦁ Duration: Every day (every round will start at 14:00UTC)
⦁ One lottery ticket gives a user a random 8-digit combination, each digit between 0–9.
You can start playing today by clicking the link below!
https://app.titano.finance/lottery
Some other important info regarding Titano Lottery, once you purchase a ticket, there is no refund/swap back to Titano for that ticket. Also, like a traditional lottery, some drawings may have no winners, in which case the prize will roll over to the next day, but tickets will not roll over into the next round (you will need to purchase new tickets). You will also need to manually claim prizes as they are not automatically sent to you.
The prizes for each lottery round come from two sources:
⦁ Ticket Purchase: 83% of the total lottery ticket purchase amount is allocated to the prize pool
⦁ Rollover prizes: If nobody wins in one of the prize brackets, the unclaimed Titano tokens for that bracket will roll over into the next round and will be distributed among the prize pools
There is plenty more information to review and research before entering, and you can see it all on our official whitepaper linked below:
https://docs.titano.finance/lottery
We are excited to bring another use case to Titano and can’t wait to continue building the Titano future.
The Titano Team ❤️
