Lottery Gameplay
The lottery jackpot is funded by a 10% withdrawal fee, with half of the withdrawal fee proceeds directed into the lottery prize pool. The lottery prize pool is divided into two categories: the regular lottery and the grand lottery. In the regular lottery, the prize pool is distributed among participants based on the percentage of their total contributions, while the grand lottery has a single winner who claims the entire grand prize.
Before each lottery round commences, the system automatically locks the GSO balance in the lottery pool, with 30% allocated to the regular lottery base pool. Players can purchase lottery shares, with each share valued at 100GSO, and may enhance their shares through leverage multipliers.
Betting Fee: Each wager will incur a 0.4% fee based on the bet amount (e.g., betting 100GSO with a leverage multiplier of 1 results in a 100GSO share, incurring a 0.04GSO fee, whereas betting 100GSO with a leverage multiplier of 250 results in a 25,000GSO share, incurring a 100GSO fee). Of this fee, 50% is burned, and the remaining 50% is added to the next round's regular lottery prize pool.
70% of the lottery pool is reserved for the grand prize. The initial probability of winning the grand prize is 10%, with the grand prize amount randomly selected between 2% and 100%. If someone wins the grand prize in the current round, the probability for the next round resets to 10%. If there are no grand prize winners, the probability of winning the grand prize in the next round increases by 10%.
The probability of winning the grand prize increases in correlation with the number of participants and their total bet amounts (number of entries = bet shares * leverage multiplier).
Once the lottery gameplay begins, each round lasts for 28,800 blocks (approximately 24 hours per round). The hash of the block concluding each round is used as the basis for determining lottery winners, ensuring fairness.
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