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  • 📚Handbook of the Wealth
  • 🪙CLOT TOKEN
    • 🍀Basics
    • ❓What is it?
    • 📊Tokenomics
  • 🎰CLOTBA LOTTERY
    • 📌Basics
    • 🎡How Does it work?
  • ⏱️STAKING
    • 📌General information
    • 🔏How to stake?
    • 🔑How to unstake?
    • 🎁How to get rewards?
  • 💰MILLIONAIRE MACHINE
    • 📌General information
    • 🔐How to stake?
    • 🧑‍🤝‍🧑How to stake with ref?
    • 🔑How to exit?
    • 🏆Distribution details
  • ❗DISCLAIMER
  • 🌠Coming soon
    • 💫Private Lottery
    • 🖥️Detailed dApps
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  1. CLOTBA LOTTERY

How Does it work?

PreviousBasicsNextGeneral information

Last updated 3 years ago

CLOTBA Contract accumulates the fee first and it waits for someone to make a transaction, there is one transaction per week that can run the lottery, cooldown resets on Sunday at the time specified. When the lottery is run it takes a list of holders eligible for the lottery (more than 10 tokens - the more tokens means the more chance to win) and looks for their balances, and is choosing a winning Wei, the person who holds it is the winner. Contract sends awarded BNB automatically.

Clotba has integrated a unique contract to bring provable randomness to the Clotba Tokenized Lottery Platform. Integrating industry-leading technology provides us all with access to a tamper-proof random number generator (RNG) that selects the winning wei every Sunday.

This creates a transparent and trustless user experience for users knowing that they can easily verify that the results are fair thanks to the smart contract tech.

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