How to participate in the lottery PancakeSwap? Participation rules, prize fund, claim rewards, guide
Автор: Republic Crypto
Загружено: 2021-07-14
Просмотров: 311
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Link to the lottery page: https://pancakeswap.finance/lottery
In this video, I talked about the lottery held on the pancakeswap.finance decentralized exchanger
The lottery itself is already the second version (Lottery V2), and completely updated in comparison with the previous version. Since the lottery is held on their website, you should already have a profile created on PancakeSwap. Select the Lottery item and go to the lottery page.
In addition to displaying the prize pool collected for the current drawing, we are also offered to buy tickets.
At the moment, one ticket costs ~ 0.34 CAKE. If you buy several tickets at once, then the cost of each ticket will be less, because it will be considered a bulk purchase. The discount will be when buying from two tickets to hundreds, while you will save almost 5% if you bought tickets one at a time. After purchase, all your tickets can be viewed in the appropriate section.
The lottery is held in rounds. Each round is held 2 times a day, that is, every 12 hours.
The lottery rules are as follows: our goal is to guess as many of the six available numbers as possible in a certain order, starting from the very first number.
I will give examples with two tickets. Let's say the winning number combination was 913662.
We entered the numbers 913962 into the first ticket. That is, in this example, we guessed only the first 3 numbers, but we made a mistake on the 4 number. That is, all guessed numbers will not be counted further.
In another ticket we entered the numbers 013662. That is, we guessed all the numbers except the very first one, which means that our ticket won nothing.
As you can see, our goal is to guess all the numbers from the very beginning.
Expanding the list of the current drawing, we can see the distribution of the prize pool in real time.
There is a list with a percentage of how much of the prize fund will go where. It shows that for those who guessed only the first number, only 1% of the prize fund will be allocated, and as the number of guessed numbers increases, the share of the prize fund will also increase, up to 40% for those who guessed all 6 numbers. Also, 20% of the prize pool is simply burned.
If no one guesses a specific number of numbers, then this amount of percent from the prize fund is carried over to the next round.
After the end of the round, in the corresponding window, we can see if we can pick up something, as well as the history of our played tickets, which numbers dropped out and compare with those that we chose.
For example, in the ticket I bought, which is in the video, only the first number matched, which means I shared 1% of the prize fund with all the winners who chose the first number three.
To collect your winnings, click on Collect Prizes and collect your winnings.
It is worth mentioning that for actions such as buying a ticket and receiving a win, we will need to pay the network fee in the form of BNB on the bep20 network, so always have BNB on your balance for such operations.
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