MoonLift Protocol Lottery Launch

Published on: 26.08.2021

MoonLift Protocol will be releasing its own Lottery system.

By accessing this feature, MLTPx owners will have the opportunity to purchase Lottery Tickets for the price equivalent of approximately 5 USD in MLTPx. There is no limit as to how many tickets an individual can purchase, although individual transactions allow a max bulk purchase of 100.

Every lottery has 6 predetermined prize brackets (correlated to the 6 digits in the lottery code). From left to right, the amount of numbers on a ticket matching the lottery code will represent the price bracket. The numbers need to match in sequential order from left to right. Every number after the first non-matching number is not eligible.

On top of this allocation mechanism, prizes will be determined by the amount of participants and the earnings of prize pools in recent lotteries. If recent lotteries haven’t won the jackpot or many prizes overall, the prize pools will increase.

The distribution of prizes is simple. Every ticket that ends in a pizebracket takes an equal share of the prize. For example, if one of your tickets has prize bracket 4 and someone else’s ticket has the same prize bracket, you will get 50% of the prize for that bracket.