The “No Loss Lottery” is Smart Fun!
- What if you could deposit money in a savings account to save your money, but your savings deposit also made you eligible for a weekly lottery?
- So the account would be smart like a savings account, and fun like a lottery.
- Smart and Fun, I call it Smart Fun!
No Loss Lottery
The No Loss Lottery is called No Loss because your lottery ticket purchase price actually is a deposit into a savings account, which also makes you eligible for a prizes, in addition to your savings.
Therefore it is like a lottery, in that you buy tickets, and can win prizes, but like a savings account, because you never lose your money.
Prize Linked Savings
Some people call it Prize Linked Savings because it is like a Savings account, but the account also gives you a chance to earn prizes, in addition to saving your money.
Other people call it a Super Savers Account because in addition to saving money you are eligible for prizes.
Prizes are derived from earnings from ticket purchase price amounts being invested in Cubfinance DeFi Farms, so there is a possibility of impermanent loss, but balanced by gains over time.
This last two weeks total liquidity pool earnings on Cubfinance Cub-BUSD pool was enough Cub to swap for 100 Leo ! 😀 This week I waved the admin fee, so the prize would be an even 100 Leo.
Winner Announcement: September 11th, 2022.
This Weeks Prize Winner of 100 Leo goes to #733 who is @jc1991gsf
How is the Winner Determined?
- Each ticket is assigned a number in a ledger.
- Then a Google random number generator is used to generate numbers between 2 and 5152 the total number of tickets sold and Leo deposited so far.
How is the Prize Money Distributed?
- By wallet transfer, from the @nolosslottery account.
Congratulations to @jc1991gsf on winning the #nolosslottery
.