Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][NEOGAME.IO]Nonprofit lottery:no owners/commission/people involved.
by
nelsonwilliam
on 28/10/2018, 11:23:27 UTC
I have read that there is three functions of the lottery ticket Who can explain it to me?
Good question, but there is nothing complicated ideas - there are 3 functions: a lottery ticket, an asset making up part of the prize pool, a tradable cryptoasset
I know this, but i did not understand the major part of it, could you please give me more detailed information?
As a lottery ticket - gambler buys tokens, chooses a combination of numbers with a help of a decentralised application, and sends tokens to the lottery smart contract.  An asset making up part of the prize pool. The prize pool consists of tokens, and all prizes are denominated in TKT. The prize pool is volatile to the same extent as the tokens themselves.