Jack's Raffle
Last updated
Last updated
Utilizing Bitcoin block hashes for weekly draws, it offers a tiered reward structure where holders can win parts of a dynamically scaled prize fund. Features include multiple holder tiers, a cumulative jackpot for all participants, and a rollover mechanism to increase future rewards.
Draws will occur once every 1,008 Bitcoin blocks (approximately one week), randomly selecting the winning tier, with each tier having a fair and equal chance to win.
Each draw will randomly select one tier, and the prize fund designated for that tier will be distributed proportionally among the holders within that tier.
Minimum Withdrawal: $50
The remaining prize money will roll over to the next draw, increasing the prize fund.
A separate jackpot fund will add 50% of the rolled-over amount.
During each draw, all participating holders across tiers will also have a chance to win the jackpot, which will be awarded to a single lucky winner.
The delivery and final form of the above functionalities will be subject to and performed in accordance with the ongoing regulatory, compliance, and legal assessment.
| Tier | Staked Amount ($JACK) | Share of Prize Fund |
|---|---|---|
| Particpants (Same Tier) | Staked Amount ($JACK) | Proportion % of Prize |
|---|---|---|
Holder Tier 1
150,050+
100%
Holder Tier 2
75,050-150,000
80%
Holder Tier 3
25,050-75,000
40%
Holder Tier 4
5,050-25,000
20%
Holder Tier 5
2,500-5,000
10%
Holder 1
25,000
6.6%
Holder 2
50,000
13.3%
Holder 3
100,000
26.6%
Holder 4
200,000
53.3
