The $1,000,000 SHFL Lottery Is Live: Your Perpetual Chance to Win Big!
Oct 10, 2024
Staking Opens: October 11th, 2023
First Draw: October 18th, 2023 Occurs Weekly!
We’re excited to announce the launch of the SHFL Lottery, powered by the SHFL token.
By staking SHFL, you gain a perpetual chance to win exciting prizes every week in what we believe will be the most thrilling lottery in the crypto space. This game is 100% RTP!
Why the SHFL Lottery is a Game-Changer
Traditional crypto lotteries have struggled for a multitude of reasons:
• Small Jackpots: Limited prize pools deter significant participation.
• Unsustainable Yields: Reliance on unsustainable mechanisms affects longevity.
• Lack of Excitement: Failure to capture the thrill of traditional lotteries.
The SHFL Lottery aims to revolutionise this landscape. As one of the most popular gaming products globally, lotteries deserve a rightful place in crypto and online gaming. By leveraging SHFL—the best wager asset in the world—we’re transforming SHFL from solely a wager asset to both a wager and staking asset.
TL;DR
Launch: The SHFL Lottery is launching soon, powered by SHFL.
Format: A weekly Powerball with 5 main numbers and 1 Powerball number offering substantial prizes.
Participation: Stake your SHFL tokens for free entry and a chance to win USDC rewards each week.
Rewards: Enhanced weighting for Airdrop 2 participants.
Fairness: The lottery is provably fair and offers a 100% Return to Player (RTP).
SHFL: Your Perpetual Lottery Ticket
SHFL is the cornerstone of the SHFL Lottery. Each week you stake SHFL, you’re automatically entered into the lottery with your chosen numbers—at no additional cost. Simply stake once and enjoy perpetual entry into the weekly prize pool.
How It Works
Participation Mechanics
Staking Anytime: Starting October 11th, stake your SHFL tokens at any time.
Number Selection: Choose your lucky numbers:
5 main numbers between 1 and 55.
1 Powerball number between 1 and 18.
Automatic Entry: Once staked, you’re automatically entered into the weekly lottery with your chosen numbers.
Provably Fair System: The lottery utilizes a provably fair system built on the Bitcoin blockchain.
Winning the Jackpot: Match all numbers to win up to 40% of the total prize pool.
Staking Details
Flexibility: Stake and unstake your SHFL tokens at any time.
Unstaking Before Draw: If you unstake before the lottery draw closes, your tickets for that draw will be forfeited.
Token Return Timing: Staked SHFL tokens are returned after the current lottery concludes.
Re-staking Option: Cancel your unstake request before the next draw to re-enter the lottery.
Examples
Example 1: Cam stakes 100 SHFL for 2 tickets (each ticket is 50 SHFL) one hour before entries close. He unstakes 10 minutes before the draw closes. His tickets are not entered, and he’ll receive his 100 SHFL back after the lottery concludes.
Example 2: Tommy stakes 200 SHFL for 4 tickets on Monday. His tickets are entered into the lottery when entries close on Friday.
Example 3: Ishan stakes 1,000 SHFL for 20 tickets just before the draw closes. After the lottery concludes, he decides to unstake. He’ll receive his SHFL after the next lottery concludes, and his tickets won’t be entered unless he re-stakes.
What’s Changing
Tokenomics Update
Discontinuation of 15% NGR Buyback: We’re reallocating the 15% non-SHFL gaming revenue (NGR) buyback to fuel the lottery prize pool each week.
Continuation of 30% SHFL NGR Burn: The existing 30% SHFL NGR dedicated to burning circulating SHFL supply remains unchanged.
Shift from Buyback to Staking: Staking SHFL now directly benefits holders through lottery participation, reducing circulating supply.
The Future: Expansion to Single Tickets
While staking SHFL is currently the only way to participate, we’ll soon introduce Single Tickets purchasable with various deposit currencies. These tickets:
Directly Grow the Prize Pool: Single ticket sales add to the lottery prize pool.
Are Valid for One Draw: Unlike SHFL staking, single tickets are only for the current lottery.
Ensure SHFL Advantage: Staking SHFL remains the best way to win, offering perpetual entries.
As the prize pool grows through NGR and single ticket purchases, excitement builds—just like traditional lotteries.
How to Play
Enter Number of Tickets: Decide how many tickets to stake. Each ticket costs 50 SHFL, with a minimum of 1 ticket.
Choose Your Numbers: Select your lucky numbers:
5 main numbers between 1 and 55.
1 Powerball number between 1 and 18.
3. Stake SHFL: Confirm your stake to lock into the weekly lottery.
4. Win Prizes Each Week: After each draw, check to see if you’ve won!
How to Win
Matching Numbers: Prizes are based on how many of your numbers match the drawn numbers.
Jackpot: Match all 5 main numbers plus the Powerball to win up to 40% of the total prize pool.
Secondary Prizes: Match fewer numbers for smaller prizes.
Prize Distribution:
If multiple winners share a prize tier, the prize is split equally.
Unclaimed prizes roll over to the next week, increasing the jackpot.
Provably Fair: Ensuring Transparency
The SHFL Lottery is provably fair, using the Bitcoin blockchain for randomness and transparency.
Key Components:
Block Number & Bitcoin Hash:
We use a specific Bitcoin block and its SHA-256 hash as sources of randomness.
The hash, unknown before mining, prevents prediction or manipulation.
Server Seed & Hashed Server Seed:
A secret value generated before the draw, revealed afterward for verification.
Its hash is published pre-draw as a commitment to fairness.
CSV Hash:
The SHA-256 hash of the participant list ensures entries aren’t altered after closing.
Participants can download the CSV file, compute its hash, and verify integrity.
This system guarantees:
Manipulation Prevention: The lottery results cannot be tampered with.
Independent Verification: Participants can confirm the fairness of each draw.
Consistent Entries: The number of tickets remains unchanged from closing to winner selection.
FAQs
What is the SHFL Lottery?
A weekly, provably fair lottery powered by SHFL tokens, offering perpetual chances to win USDC prizes by staking SHFL.
How do I participate?
Stake your SHFL tokens and choose your lucky numbers. Once staked, you’re automatically entered each week.
How much SHFL is required?
Each ticket costs 50 SHFL, with a minimum of 1 ticket needed to participate.
Can I change my numbers after staking?
Numbers are locked in upon staking. To change them, unstake (forfeiting current entries) and restake with new numbers.
When can I stake and unstake?
Anytime. However, unstaking before entries close forfeits your tickets for that draw.
What happens if I unstake before the draw?
Your tickets are forfeited, and your SHFL tokens are returned after the lottery concludes.
How are winning numbers drawn?
Using a provably fair system combining the Bitcoin Block Hash and our Server Seed.
Is the lottery fair? How can I verify?
Absolutely. Verify fairness by checking the Block Number, Bitcoin Hash, Server Seed, and CSV Hash after each draw.
How are prizes distributed?
Based on the number of matching numbers. The jackpot is 40% of the prize pool. Prizes are split if multiple winners exist, and unclaimed prizes roll over to the next week.
What does 100% RTP mean?
All funds in the prize pool are returned to players as prizes. Entry into the lottery is costless.
What’s changing with SHFL tokenomics?
We’re reallocating the 15% non-SHFL gaming revenue from buybacks to fuel the lottery prize pool, enhancing SHFL’s utility.
How does staking SHFL benefit me?
You gain perpetual, cost-free entries into the weekly lottery and contribute to reducing SHFL’s circulating supply.
Can I participate without SHFL?
Initially, no. But we’ll introduce single ticket purchases with other currencies in future updates.
When will single tickets be available?
Stay tuned for upcoming announcements!
How does this affect Airdrop 2?
Participating in the lottery offers the highest boost to your Airdrop 2 reward—even more than wagering SHFL.
How is the prize pool funded?
Through the reallocated 15% non-SHFL gaming revenue and, in the future, single ticket sales.
Can I see past draws and winners?
Yes! A history of past draws, winning numbers, and prize distributions will be available for transparency.
Note: Remember to participate responsibly and only stake tokens you can afford to hold. We’re committed to providing a fair and enjoyable experience for all participants.
Get ready to stake your SHFL starting October 11th and be part of the most exciting lottery in crypto!
