To buy a ticket, you'll be promped to send 1 Ark + 0.1 fee to our wallet The total must be 1.1 Ark. You'll be given a smartbridge code, which you must paste into the wallet client when you're sending the transaction. This code is unique and it is matched with the number of the ticket you've chosen. All smartbridge codes were stored in the blockchain and can be verified on this transaction.
We'll use the third party randomresult.com to pick the winner. We have scheduled it to run at 00:00 Eastern Time on January 1st. It will pick 40 random ticket numbers, just in case we don't sell all the tickets, and the first three numbers it picks that have matching purchased tickets will denote the winners. You can verify the drawings result here. This url has been permanently stored in the blockchain, so users can verify that it has not been changed.
Yes, we have sent a collateral to our friend Jarunik, a trusted community member, which will be held in escrow and can be verified by this transaction ID. If we do not pay the winners, Jarunik will step up use the collateral.
If all tickets are sold, The first place gets 200 Ark, second place gets 85 Ark and third place gets 50 Ark. That corresponds to approximately 57%/24%/14% of the total payout. In case we don't sell all the tickets, we'll payout those percentages from the total Ark accumulated. Around 4% of the total accumulated is spent on transaction fees for refunding ticket orders that are placed within 45 seconds one from another.
Looking for a delegate to vote for? We're ArkLand, check out our proposal to learn more!