Wednesday, June 7, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Ticket2Lambo the lottery. How does your stake influences your chance at winning

by firstcryptonews
June 12, 2021
in Press Release
ticket2lambo

Ticket2Lambo is a blockchain-based lottery project with big prizes to be won. Every Ticket2Lambo or T2L coin that you buy is a ticket to enter our grand lottery as long as you hold them in your ETH-wallet.. The best part is that – your ticket appreciates in value the longer you hold on to it because of how the lottery is designed. So, you benefit from your coins becoming more valuable over time, and you get the chance to win big prizes by holding onto your investment. It also means that you do not have to keep buying new tickets to participate in several rounds of drawing. You can, of course, choose to buy more to have a better shot at winning the jackpot!

As hinted above, unlike daily lotteries, the Ticket2Lambo system is tranched, which means that prizes will be given out after a preset number of coins (tranche) have been sold. As the coin then hits a higher price and a predetermined amount of tokens are sold-out again, a second round will be conducted, and so on for a total of ten rounds. The winners will receive their prizes in their wallets.

How the Lottery System Works

As an introductory offer, a pre-sale for T2L tokens will begin on June 1st. To be eligible to participate in the lottery, you must have at least one T2L coin and hold it in your Ethereum wallet until the draw happens. Each tranche of the lottery will consist of 7.5 million coins.

When the requisite number of coins have been sold, and the coin hits a predetermined price, the system will collect the wallets of all participants, and the lottery will begin. After each round, Ticket2Lambo will display a snapshot of the winners. As mentioned before, all awardees will receive their prizes in their wallets.

The first tranche of coins will be made available for purchase on various crypto exchanges for $0.1 per coin following the pre-sale. The combined prize pool for the first round of draw will be $675,000. This amount will then be disbursed among the winners after each round.

Further rounds of the lottery will be conducted as and when the T2L coin appreciates every 5 cents in value. This means that the total prize pool of the tenth and final round of play will be $0.55, with the jackpot being $3.4 million.

Is it possible to increase your chance of winning?

Unlike other lotteries, Ticket2Lambo gives you a chance to increase your chance of winning one of the prizes. You are only eligible to participate when you hold your coins in your ETH-wallet (T2L advises to use metamask). A coin is like an activation key for your wallet and the more activation keys you own, the bigger the winning chance of your wallet will be in the lottery. This also means there is a chance that a ticket holder can win two or more prizes in one draw.

How this works is as follows. Our lottery system checks how many tokens are in circulation. After this it calculates the stake of each holder relative to the coins in circulation, from this springs a percentage. For example, if there are 1000 tokens in circulation and you have 100 tokens your chance at winning is 10%. In contrast to a regular lottery where your chance at winning does not increase when you buy more tickets. From this input our software picks random winners.

Ticket2Lambo’s Financial Transparency

Ticket2Lambo promises transparency in all their dealings and is upfront about how the whole draw and payout system works in their lottery. They have even made a tracker on their website where anyone can keep tabs on the number of coins sold and at what value. This will give people an idea about the number of coins left to be drawn, which would generate interest in the lottery every time a tranche is about to be reached.

The project’s whitepaper also comes clean about the fact that 10% of the total yield of each tranche will be reserved as the founder’s fee. So for the first tranche, that’s $675,000 and going all the way up to $3,712,500 for the 10th and final tranche.

Everything put together, the total prize pool for the Ticket2Lambo lottery is 21,937,500, excluding the founder’s fee. The total number of tickets to be made available for purchase are 95,000,000.

Ticket2Lambo is proud to announce that T2L is now listed on the Bilaxy cryptocurrency exchange. Trading starts on July 1st. Bilaxy traders will have access to trading T2L/USDT upon listing.

The ico is running till 30 June 2021, for more information please visit: ticket2lambo.io

Related Posts

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

by firstcryptonews
June 4, 2023
0

The sixth annual World Web3 Summit and LeToken Global Launch Conference were successfully held on the 29th of May, 2023,...

World People DAO finally launched, Empowering Community Governance, Shaping the Future of the DAO Ecosystem

World People DAO finally launched, Empowering Community Governance, Shaping the Future of the DAO Ecosystem

by firstcryptonews
May 31, 2023
0

Recently, World People DAO finally launched. By emphasizing consensus, participation, and shared benefits, World People DAO provides an open, fair,...

The Next Great Crypto Gaming Site

The Next Great Crypto Gaming Site

by firstcryptonews
May 28, 2023
0

When I first heard about ccgamez.com, I must admit I was hesitant. The idea of combining the excitement of gaming...

Betix – The Future of Smarter Sports Betting [Pre-sale]

Betix – The Future of Smarter Sports Betting [Pre-sale]

by firstcryptonews
May 28, 2023
0

In the fast-paced world of sports, enthusiasts and bettors are constantly seeking ways to enhance their engagement and potentially profit...

Diamonds are Forever, a token in the De-Fi space, is Way Ahead of its Time

Diamonds are Forever, a token in the De-Fi space, is Way Ahead of its Time

by firstcryptonews
May 26, 2023
0

De-Fi, or Decentralized Finance, has opened up a new avenue for projects in the world of blockchain. Decentralized Finance is...

Climate Token YES WORLD is now available for trading on top crypto change LaToken

Climate Token YES WORLD is now available for trading on top crypto change LaToken

by firstcryptonews
May 26, 2023
0

Leading Utility Token YES WORLD is now available for trading on the leading centralized exchange – LaToken.  LaToken is a...

Next Post
Porn Rocket

Porn Rocket to acquire intimate.io, ramping up the disrupter adult content platform’s growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NFTalento: The Ultimate Platform for Talents to Showcase and Monetize their Skills

NFTalento: The Ultimate Platform for Talents to Showcase and Monetize their Skills

2 months ago
DIKEMEX

Dikemex Network Bringing More Excitement to Gamers with New NFTs Play-to-Earn Games

2 years ago
YES WORLD Token now supports 8 Trading Pairs, Also Available on PancakeSwap

YES WORLD Token now supports 8 Trading Pairs, Also Available on PancakeSwap

6 months ago
How to delegate in ISPO and what is Staking Pools

How to delegate in ISPO and what is Staking Pools

2 years ago
Vaiyo Rebranding to MetaComs

Vaiyo Rebranding to MetaComs

1 year ago
Big Move On The Horizon For Bitcoin As Ranges Tighten, But Where’s Price Headed?

Big Move On The Horizon For Bitcoin As Ranges Tighten, But Where’s Price Headed?

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

The sixth annual World Web3 Summit was successfully held, announcing the official global launch of LeToken

June 4, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News