Quote from: btarr on September 27, 2017, 08:36:37 PM

Quote from: don2018 on September 27, 2017, 10:36:22 AM

The raffle represents the core deflationary mechanism of Billionaire Token. Every week, people will be able to submit 20 XBL to an Ethereum Smart Contract address - this is the equivalent of buying one ticket. More tickets will mean a better chance at winning. At the end of each week, three lucky winners will become Billionaires! First place gets 40% of all the tokens that were raised during that week, second place gets 20% and third place gets 10%. From the remaining 30% of the tokens: 10% are burned - as an offering to the market gods. The other 20% are sent to an Ethereum Smart Contract Address that works like a twisted faucet, rewarding people for burning their coins. The winner selection is completely random, and the code is open for everyone to read. Because the raffle itself lies on the Ethereum Network, it is self-sufficient. Once deployed, it will work forever.

How could you be a Billionaire? They couldn't possibly collect that much. The market cap isn't even that much. Can anyone explain this to me? Thanks.

It's a figure of speech. We're all Billionaires... Everyone that has XBL is a Billionaire !:)