Topic: [ANN] MegaLotto project experiment... (Read 5235 times)

It seems that not many people are interested ... Probably I will cancel the experiment.

Thank you very much... !

Also it would be good include 2'000 NXT reward or 10% reward every 2000 blocks to higher Block Age to encourage the participation.

I am studying it...
I would like more feedbacks...

Whatever man,this is cool,i really hope you can make it!i wii support you!

I am thinking that 10 NXT per Ticket is a more balanced price.  The problem is that T Prize competition if Ticket prices is 2 NXT minus 1NXT of Fee is to small amount, 1 NXT per Transaction only, too low.  I think is better if there is a lot of activity in T Prize competition, it is noticed in N and X Prize competition...

Sorry I have had to stop the draw because I must to increase the prices of the tickets to balance T Prize competition with N and X.
The NXTs have been returned to players (fees included).

I am going to study the problem and I hope new Draw xLotto2 starts at Block Height 218'000.

My apologies and any suggestion is welcome!  

At this moment (Block Height: 216900) the situation is interesting to Whales play competing for N and X Prizes, but also the small fish can do it competing for the Prize T...

To enter to the battle of N Prize 5'400 Tickets are necessary (10'800 NXT + Fees).
To enter to the battle of X Prize 5'016 Tickets are necessary (10'032 NXT + Fees).
To enter to the battle of T Prize 5 Transactions are necessary (10 NXT + Fees).

Situation at this moment:

At this moment:

5'015 Tickets sold, 4 Transactions from same account. Profit: 10'011 NXT (7'007,7 to Prizes and 3'003,3 to MegaLotto Shareholders)...

Good Luck!

This is gonna be fun! 

Do you think the Prizes Percentages are right?
I looking for balance between huge investors and little ones with a lot of small transactions...

Yep, it is an experiment... 

I hope it was useful to increase transactions number, to use DGS, AE, etc... And to win money!   

talking about lottery, nxt just a little kids , let;s talk the king of lottery ---nascoin..lol

Experimental Lottery (xLotto)

I was thinking in this game/experiment with DGS:

70% of profit (income-delivery fees) are going to the Prizes: 30% (N Prize), 20% (X Prize) and 20% (T Prize).
30% dividends to the Shareholders (Owners of MegaLotto Assets (ID: 15134071718475327250)).

The N prize of the lottery will go to NXT Address with higher number of xLotto Points at Draw Block Height.
The X prize of the lottery will go to NXT Address with higher number of xLotto Tickets at Draw Block Height.
The T prize of the lottery will go to NXT Address with higher number of xLotto Blocks Age at Draw Block Height.

xLotto Points: Sum (Number of xLotto Tickets purchased * (Draw Block Height - Block Height of purchase transaction)) .
xLotto Block Age: Sum (1 transaction * (Draw Block Height - Block Height of purchase transaction)) .

For example, one NXT Address does two purchases:

Draw Block Height: 220’000

Number of xLotto Tickets purchased on transaction 1: 100.
Block Height of purchase transaction 1: 217’000
Number of xLotto Tickets purchased on transaction 2: 300.
Block Height of purchase transaction 2: 218’000

Total xLotto Points: (100*(220’000-217’000))+(300*(220’000-218’000))=300’000+600’000 = 900’000 Points.
Total xLotto Tickets: 100+300 = 400 Tickets
Total xLotto Blocks Age: (220’000-217’000)+(220’000-218’000) = 5’000 Blocks Age

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Lottery Drawing 1: xLotto1

Buy Lottery Tickets in NXT Marketplace (xLotto1):

Seller: MegaLotto (NXT-YM97-Y7R7-VGJN-9WDCH)
xLotto1 Ticket Price: 2 NXT
Draw Block Height of xLotto1 Tickets: 222'000.

Only Tickets with purchase transactions from official Seller are valid.
Refunds are not allowed.
We will try that the prizes payments will do in mgwBTC to promote MGW use...

Enjoy!