Lottery

Specifics

  • Lottery Ticket Fee for 1 ticket: 1 MSI

  • Single User Lottery Entry Limit: No overall limit

  • Paying for one ticket will give users a random 5 digit combination with each digit being between 0-9, for e.g. “2-3-5-7-0”

  • Prize pool consists of 2% from the lottery fee paid by users when using Missile Farm vault + 1% from Team-owned $MSI as an alternative way to distribute Airdrops.

How to win

To win the lottery jackpot (50% of the entire lottery pool), users need to match all 5 numbers on their tickets in the same position as the 5 winning numbers.

If you don’t match all 5, no need to worry. As long as you match 3 or more numbers in the correct position, you are guaranteed to win a reward.

Winning Ratio

  • Match all 5 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).

  • Match 4 numbers in the exact order = win or split 20% of the pot.

  • Match 3 numbers in the exact order = win or split 10% of the pot.

  • Burn the remaining 20% of the pot.

Please note - in the event that no participants were able to match 4 numbers on any draw, the 20% allocated to winners will then be burned accordingly.

For example, if the final 4 winning numbers are “0-2-3-5-7”:

  • “2-3-0-9-1” = match 0

  • “0-2-3-5-7” = match all 5

  • “1-2-3-5-7” = match 4

  • “1-2-3-5-9” = match 3

  • “0-3-6-9-7” = match 2

Lottery phases

Each full lottery session is completed every 24 hours (1 per day), with the timing as below:

10 AM - 10 AM (Next Day) UTC

Phase 1 - Buy Tickets (10 AM to 6 AM (Next Day) UTC)

  • You have 20 hours to buy tickets.

  • The lottery jackpot will accumulate at the top of the page with each ticket bought.

  • Users will receive a ticket (comprised of 5 digits) for each 1 MSI paid.

Phase 2 - Lottery Draw! (6 AM - 7 AM)

  • The 5 winning lottery numbers are drawn and will appear on the page.

  • Each participant’s winnings will be automatically calculated based on their ticket numbers and shown on the page.

  • Users can claim winnings if they have any.

  • Users will also be able to see the lottery results: How many users matched all 5 numbers, 4 numbers and 3 numbers.

Phase 3 - Celebration and Sharing (7 AM - 8 AM)

If you won, congrats! Share with your friends or in our community groups.

Phase 4 - Cooldown and Preparation for next round (8 AM - 10 AM)

The next lottery starts in 2 hours!

Bonus Round

Missile Team will supply an additional $10,000 worth of $MSI to the lottery pool every Friday for a Bonus Round.

How are ticket numbers drawn?

The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 5 winning numbers ahead of time.

  • 5 numbers will be retrieved from the first 5 numbers excluding the "0x" and any letters of the hash code of the first block starting 6:00:00 AM UTC everyday.

  • example:

In this screenshot of a random block, the Hash code we are looking for is highlighted. And the numbers are the first five numbers of the Hash code excluding "0x" and letters, which are "4-7-0-5-5" in order.

Math

Probability of getting 5 numbers matched:

P(jackpot)=1/100,000P(jackpot)=1/100,000

Probability of getting 4 numbers matched:

P(second)=45/100,000P(second)=45/100,000

Probability of getting 3 numbers matched:

P(third)=810/100,000P(third)=810/100,000

Prize pool:

Prizepool=liquidity24h0.02+4,000MSIPrize pool=△liquidity24h*0.02+4,000MSI

Expected return per ticket(in $):

E(lottery)=856Prizepool/100,000E(lottery)=856*Prize pool/100,000