Wow, 3 times more expensive than current market price seems unbelievable!
How do you guarantee this price?
Via drawing!
Please read Announcement
Simple example
You have 1 ETH ✅
You create a draw ✅
Set your goal to 3 ETH ✅
People start investing money in your draw (e.g. 100 Participants invest 0,03 ETH each)
When the 3 ETH are finally collected, the win (1 ETH) will go to ONE of the participants (an algorithm will choose the winner)
You get 3 ETH (minus our commission)
This means you can do x2-x3 from your crypto asset if you set the right drawing!
And you can also participate in other auctions on https://Ethlus.io to try your luck, maybe you will crypto yourself?As far as I understood, there are 2 winners, one of them is selected among bettors and another one is that guy launching draw?
Do you receive comission?
yes, one winner is who launching the draw
second winner selected by smart contract from participants of the draw
commission fee when draw is end 7% or 10% from summary amount collected (depends which draw type was chosen - please check ann post)
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As you can see:
Value: 0.093 ETH (~25.57$) - This is auction amount user want to draw
Goal: 0.32508 ETH (~89.39$) - This is how much user want to get from his draw - from 0.093 ETH(27.57$) he want get 0.32508 ETH (89.39$~) Its mean user want to earn ~220% from his ETH.
Collected: 0.004 / 1.23% ETH (~1.1$) - amount collected for now
https://ethlus.io/auctions/109/When auction ends (0.32508eth) will be reached, smart contract selects one winner from the participants
and will send him 0.093 ETH (~25.57$)!!!
the user who created auction 29 will receive their Goal: 0.32508 ETH (~89.39$)
everything is very simple if you give it 5 minutes of attention
This is a unique project, it has no analogues. try to understand
Don't you think that much more people will be launching draw compared with other participants? Because as a launcher you will be rewarded anyway and being a participant,there are chances to lose money
Yes, but look from another part
Millions of people around the world participate in lotteries, wins only 1
we think people will participate and create draws
in the future we will limit the minimum amount of the drawing to say 0.5 ether, but not now
this is resolve your question
many people can risk 1-3$ dollars, with a chance to win 500$
than people who will create the draw from $ 150, for example