Loopring DPR Lottery Mechanism

After successful finish of lottery event & swap tournament, Loopring introduced DPR lottery entitlement wallet address list & lottery mechanism.

🔺Lottery entitlement wallet address list

The following addresses can join the lucky draw for one of 30 eligibility to subscribe to 50,000 DPR at USD 0.02/DPR: https://loopring.io/activities/DPR/en/.

🔺Lottery mechanism

1. They take the 12294096 block of the Ethereum mainnet as the initial lottery block number;

2. Sort all the remaining addresses in the lottery in ascending lexicographical order, starting with 0;

3. The number of the winners this time is the block hash value corresponding to the current lottery block number and the remainder after taking the modulo of the total number of participants in the lottery;

4. Remove this winning address;

5. The lottery block number plus one;

6. Repeat steps 2–5 for a total of 30 times.

What is Loopring?

Loopring is an Ethereum zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop our Layer-2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring Exchange — an L2 orderbook and AMM DEX.

📰 INFO:

https://medium.com/loopring-protocol/loopring-dpr-lottery-mechanism-d1eabf678a94