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Week 53 of the No Loss Lottery
The No Loss Lottery = a prize linked savings account.
A Prize-Linked Savings Account on Hive
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- A Prize-Linked-Savings is a savings account which saves your money, but also gives you a chance of a money prize.
- It is also called a No Loss Lottery because your savings account deposits are also like lottery tickets, in that you can win a monetary prize.
- But unlike a lottery, where you lose the money you used to buy tickets, you can withdrawal your money in full from your savings account.
The No Loss Lottery
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- The No Loss Lottery is a Prize Linked Savings account project created by @shortsegments, a Hive Community member since the birth of Hive years ago.
- The @nolosslottery Savers deposit “Leo” by sending it to @nolosslottery wallet.
- These Leo are invested in the DeFi project Cubfinance.
- ‘The earnings from this DeFi project are distributed as prizes each weekend.
- ‘This week is the 53rd Weekly Drawing!
Cubfinance
- Cubfinance is the Leofinance DeFi Project on Binance Smart Chain.
- This project was created by Hive Community member @khaleelkazi and his team.
- Khal is also the founder of the Hive community called Leofinance, with over 22,000 members.
Mechanics of this DeFi investment
- The No Loss Lottery deposits are in the Cubfinance Cub-BUSD farm.
- This has generated interest of 68% to 128% for prizes, for over a year, 53 weeks!
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Winners Announcement: May 29, 2022
- This weeks total liquidity pool earnings on Cubfinance Cub-BUSD pool was 208 Cub, which swaps for 100 Leo ! 😀 When we subtract the lottery admin fee of 10%; 100-10=90 Leo in prizes.
- The split; 50 Leo/ 20 Leo/ 20 Leo.
Leo Prizes!
First Winner:
50 Leo goes to #1708 who is @jc1991gsf
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Second Winner
20 Leo goes to #4655 who is @jfang003
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Third Winner
20 Leo goes to #4573 who is @kennysgaminglife
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Congratulations to the winners!
How is the Winner Determined?
Each ticket is assigned a number in a ledger, and then a random number generator is used to generate numbers between 2 and 5152 the total number of tickets sold so far.
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Wallet Transfers Completed!
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