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 $1,200,000?
I guess that is where the "fund science" part come from. But nevertheless it is still a scheme where the participants won't get the majority of the money as the 800,000$ for science is really big number. And looking for the site's design is one of the big red flags out their as I don't get why it is lacking design when they are in the science and technology category they should have invested heavily on the site's design which they didn't. I am open too observing it but even if it's real the prizes are not sufficient for me. 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?
Lottery always gets their fund from the bettor
. Though I wish OP would give their address where the price is sitting (since this is a cryptocurrency we would like to see it in Bitcoin or any other alternative currency) to show us proof that you are able to pay the winner. Just in case you are not able to meet the number of bettors needed when the time came for you to make the lottery draw.