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Lottery
The Toast lottery creates a way to burn and buy back $TOASTz while rewarding winning participants.

Details:

  • Lottery Ticket Fee for 1 ticket: 10 TOAST
  • Single User Lottery Entry Limit: No overall limit, however only 50 tickets can be purchased at one time through the UI
  • Paying for one ticket will give users a random 4 digit combination with each digit being between 1 and14 (example β€œ5-3-12-6”)
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How to win:

To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their ticket in the exact same order 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 order, you are guaranteed to win a prize.
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The Rules to Win

In order to win any of the prizes, a user must match the 4 numbers on a ticket with the winning numbers (must be in the same position, order DOES matter).
There are prizes for matching 2 and 3 numbers in the corresponding positions!
  • 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 β€œ5-3-12-6”:
  • β€œ6-12-9-5” = match 0
  • β€œ5-3-12-6” = match all 4
  • β€œ5-3-6-6” = match 3
  • β€œ6-12-12-6” = match 2
  • β€œ5-3-5-6” = match 2

Lottery Phases

The lottery will occur every 24 hours with the winning number draw occurring at 02:00 UTC! Right after the winners are selected, there is a 1 hour period where ticket purchases are unavailable.
An example of the a lottery session is below:
Phase 1 - Purchase Tickets (1 hour after the previous draw ends, between 03:00 UTC - 01:59 UTC)
  • You have 22 hours and 59 minutes to buy tickets (starting at 03:00 UTC).
  • For every 10 $TOASTz spent, you will receive 1 ticket.
  • Every ticket purchased is added to the lottery jackpot, which you can see in the upper right of the page!
Phase 2 - Lottery Draws (02:00 UTC)
  • The 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.
  • If you won you can claim your winnings! Go tweet and share that you won!
  • Additionally you can see the total results of all users who matched 2, 3 and 4 numbers
  • The next lottery will start immediately after
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Winning Number Draw Process

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 $TOASTz 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.
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Lottery FAQ

What happens with the prize if there is no winner?
It gets automatically rolled over to the following lottery draw.
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What's the max number of tickets I can buy for the lottery?
There is no maximum, you can buy as many lottery tickets as you want!
When next lottery?
The lottery is drawn every 24 hours.
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The tokens are burned manually after every draw, or is it automatic?
The tokens are burned automatically after every lottery cycle.
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I have numbers on my ticket that match the lottery draw. Why am I not a winner?
The matching numbers must match in order to win. If this is still not the case after double-checking, please get in contact with us.
Last modified 7mo ago