No Loss Lottery Weekly Prize is 128 LEO! on May 23rd, 2021
Weekly Lottery Winner @tomhall.leo!! 🥳
Determined with random number generator, today’s winner is #90 which is @tomhall.leo
Congratulations @tomhall.leo you win 128 BLEO!
Note: 128 Leo Minus 5% Lottery fee of 6.4 BLEO means 121.6 Leo will be sent to the lucky winner @tomhall.leo
The 6.4 BLEO will be added to the Prize Pool to make next weeks prize even bigger!
Reserve Pool Donation by @rollandthomas 1000 LEO
Leofinance curator and Leo Roundtable participant @rollandthomas agreed to support this project, by donating 1000 Leo to the Reserve Pool, this pool doesn’t get tickets, or a chance to win. It increases the amount of Cub generated for the prize and benefits only Ticket Holders! Thank you @rollandthomas !
I will be looking at launching this feature in the coming week. It would allow people to pool their numbers to increase their chance of winning. This would correspondingly reduce the size of the prize, as it would be divided up amongst the members.
Weekly Lottery transition to daily lotteries.
I have been asked about this change. The size of the prize would be much smaller, but the number of winners would be much greater. I need to do more work on this subject.
The No Loss Lottery is a Prize-Linked Savings Account.
In a Savings account you get paid interest each year, from 0.1% to 2.0% currently at banks. If you deposit your money in a Prize Linked Savings Account, your Money is held for you in an account. But unlike a Savings Account you don’t get paid the interest on your money. You get a chance to win the interest on every bodies money in the pooled account!
Brief Overview of No Loss Lottery
The No Loss Lottery is like a lottery and like a savings account, but with certain parts of each, selected for their goodness and put together to make something perhaps better than either one.
The No Loss Lottery does have an element of the random big prize being awarded to a lucky winner who purchased a Ticket. Your deposit buys you a chance at winning a monetary prize much bigger then your One Leo. So in the way it’s like a Lottery.
In a No Loss Lottery you buy a ticket with a deposit of one Leo. But you can always get your Leo deposit back by requesting it. So in that way it’s like a Savings Account.
A Lottery does make you buy a ticket every week. But in a No Loss Lottery, as long as you leave your Leo deposited you are automatically entered in every weeks drawing.
In a Savings account you get paid interest each year, from 0.1% to 2.0% currently at banks. If you deposit your Leo in the No Loss Lottery, you don’t get paid the interest on your money. You get a chance to win the interest on every bodies money in the pooled account!
The No Loss Lottery is a Hybrid of a Savings Account and a Lottery. The No Loss Lottery combines the Money Safety aspect of a Savings Account, with the Large Prize aspect of a lottery.
BLEO-BNB Account on Cubfinance
All ticket purchases in Leo, are deposited in the BLEO-BNB Farm on Cubfinance. So this project supports both Leofince project Cubfinance, and it supports the other project the Leobridge, by providing Liquidity to the BLEO-BNB trading pair, which is an integral part of the Leobridge.
Ledger of Ticket Buyers and assigned numbers
Leofinance and Cubfinance: bright future 🌞
Leo is on sale!
I encourage everyone to be optimistic during this time that all cryptocurrency prices are down. This means that those of you who wished you were here early when Leo Price was $1.00 have the greatest opportunity to buy it at a discount and realize your dream of holding large amounts of Leo!
Posted Using LeoFinance Beta