100,000 tickets @$20 = $2,000,000
1st prize: $1,000,000 2nd: $100,000 3rd:$25,000 and 75 others @ $1,000 each. Total prize $1,200,000 so you will take $800,000 from every draw?
You are also giving away free ticket, how if there are 100,000 people claim it? Will you do the draw while you will have to pay $1,200,000?
Hey Panjul!
I'm one of the team members of Bitcoin Jackpot, you can find my bio on the site!100,000 tickets @$20 = $2,000,000
1st prize: $1,000,000 2nd: $100,000 3rd:$25,000 and 75 others @ $1,000 each. Total prize $1,200,000 so you will take $800,000 from every draw?
This section from our https://bitcoinjackpot.global/proceeds/ page will answer your question about our money distribution:
"Most of the money received from the raffle is paid out to prize winners. Then we have small expenses such as merchant fees, publicity, accounting, etc., to maintain the website and service. We end up with a profit, we pay income taxes and a portion of all the money supports crypto related sciences, specifically organizations that are developing improvements to the way the whole crypto ecosystem works. This will include government lobbying and advocacy which is important if we want to achieve worldwide adoption without interference or hindrance."You are also giving away free ticket, how if there are 100,000 people claim it? Will you do the draw while you will have to pay $1,200,000?
We are only giving away a small portion of our tickets for free in order to gain publicity and momentum. So there is no chance that all 100,000 tickets will be bought for free.
Hope that answered all your questions!