The No Loss Lottery on Hive

in LeoFinance • 2 years ago (edited)

F7C5230EAC824E75B517D320B316C31B.jpeg
.

The No Loss Lottery

  • The No Loss Lottery is a prize linked savings account. A prize linked savings account is a savings account which saves your money, but also gives you a chance of a monetary prize. These types of accounts were legalized in 38 of the 50 Unites States of America.
  • It is also called a No Loss Lottery because your savings account deposits are also like lottery tickets, in that you can win a monetary prize. But unlike a lottery, where you lose the money you used to buy tickets, you money is preserved like a savings account, so there’s No Loss, hence the name. You can withdrawal your money in full by wallet memo request.
  • The No Loss Lottery is a project created by @shortsegments, a Hive Community member since the birth of Hive years ago.
  • To participate in the @nolosslottery savers deposit “Leo” by sending it to @nolosslottery wallet.
  • These Leo are invested in the DeFi project Cubfinance.
  • The earnings from this DeFi project are distributed as prizes each weekend.
  • This week is the 53rd Weekly Drawing!

Cubfinance

  • Cubfinance is the Leofinance DeFi Project on Binance Smart Chain. This project was created by Hive Community member @khaleelkazi and his team. Khal is also the founder of the Hive community called Leofinance, with over 22,000 members.

Mechanics of this DeFi investment

  • The No Loss Lottery deposits are in the Cubfinance Cub-BUSD farm.
  • This has generated interest of 68% to 128% for prizes, for over a year.

How is the Winner Determined?

Each ticket is assigned a number in a ledger, and then a random number generator is used to generate numbers between 2 and 5452 the total number of tickets sold so far. The winners receive there earnings via wallet transfers.
.

@shortsegments

:)

Posted Using LeoFinance Beta

#nolosslottery #prizelinkedsavings #cubfinance #decentralized-finance #proofofbrain #gems #leofinance
2 years ago in LeoFinance by
$1.73
  • Past Payouts $1.73
  • - Author $0.87
  • - Curators $0.86
67 votes
Reply 3
Sort:  
  • Trending
    • [-]
     2 years ago  

    nice project, but perhaps you should offer version two with stablecoins?
    it would probably canabilize off your first program, so you probably should advertise it seperately. Or not...

    Posted Using LeoFinance Beta

    $0.00
      Reply
      [-]
       2 years ago  
      $0.00
        Reveal Comment
        [-]
         2 years ago  

        Good Morning,
        Send a wallet memo to @nolosslottery.
        I will check the ledger and reply to your withdrawal request with your refund.
        @shortsegments

        Posted Using LeoFinance Beta