Lottery

Specifics:

• Lottery Ticket Fee for 1 ticket: 1 CAKE

• Single User Lottery Entry Limit: No overall limit, but only 50 can be bought at one time through the UI

• Paying for one ticket will give users a random 4 digit combination with each digit being between 1-14, for e.g. “1-9-3-2”

How to win:

To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their tickets in the same position as the 4 winning numbers.

If you don’t match all 4, no need to worry. As long as you match 2 or more numbers in the correct position, you are guaranteed to win a reward.

Winning Ratio:

• Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).

• Match 3 numbers in the exact order = win or split 20% of the pot.

• Match 2 numbers in the exact order = win or split 10% of the pot.

• Burn the remaining 20% of the pot.

Please note - in the event that no participants were able to match 3 numbers on any draw, the 20% allocated to winners will then be burned accordingly.

For example, if the final 4 winning numbers are “1-9-3-2”:

• “2-3-9-1” = match 0

• “1-9-3-2” = match all 4

• “1-9-2-2” = match 3

• “2-3-3-2” = match 2

• “1-2-1-2” = match 2

Lottery phases:

Each full lottery session is completed every 6 hours (4 per day), with the timings for each as below:

5 AM - 11 AM (SGT)

11 AM - 5 PM (SGT)

5 PM - 11 PM (SGT) - 20,000 CAKE tokens are injected into this lottery draw every day.

11 PM - 5 AM (SGT)

An example of a lottery session starting at 5 PM is below:

Phase 1 - Buy Tickets (5 PM to 10 PM)

• You have 1 hour to buy tickets.

• The lottery jackpot will accumulate at the top of the page with each ticket bought.

• Users will receive a ticket (comprised of 4 digits) for each 1 CAKE paid.

Phase 2 - Lottery Draw! (10 PM)

• The 4 winning lottery numbers are drawn and will appear on the page.

• Each participant’s winnings will be automatically calculated based on their ticket numbers and shown on the page.

• Users can claim winnings if they have any.

• Users will also be able to see the lottery results: How many users matched all 4 numbers, 3 numbers and 2 numbers.

Phase 3 - Celebration and Sharing (10 PM - 11PM)

If you won, congrats! Share with your friends or in our community groups.

The next lottery starts in 1 hour!

How are ticket numbers drawn?

The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time.

• The 1st lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the number of participating users at the entry deadline.

• The 2nd lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the total pooled cake balance at the entry deadline.

• The 3rd lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the timestamp of the last lottery participant at the entry deadline.

• The 4th lottery number will be determined based on the %10 remainder of a hash encoded by the blockhash and the block difficulty at the entry deadline.

For the exact code on how the above is calculated, please refer here.