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The No Loss Lottery
- The No Loss Lottery is a prize linked savings account. A prize linked savings account is a savings account which saves your money, but also gives you a chance of a monetary prize. These types of accounts were legalized in 38 of the 50 Unites States of America.
- 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 money is preserved like a savings account, so there’s No Loss, hence the name. You can withdrawal your money in full by wallet memo request.
- The No Loss Lottery is a project created by @shortsegments, a Hive Community member since the birth of Hive years ago.
- To participate in 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.
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 5452 the total number of tickets sold so far. The winners receive there earnings via wallet transfers.
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