The Wheel

The Wheel: A Multichain Defi Lottery 

1) Buying a ticket 

2) The Grand Prize 

3) The Bonus Draw 

4) Fees

1) Buying a ticket 

Connect your wallet and buy a ticket to take part in the prize draw. You can buy as many tickets as you want (up to 20). There are only 20 tickets available in each round. Each ticket has a 5% chance to win. If you buy 10 tickets, you’ll have a 50% chance to win! 🤯 When you buy tickets, your ticket numbers will be displayed in the lower left corner of the page.

2) The Grand Prize 

When all the tickets have been sold, the wheel will start to spin. If the wheel stops on your ticket number, you will receive the grand prize. How much you win depends on the ticket price, which is subject to change over time. The grand prize is calculated as follows: (ticket price * ticket sales) * 0.85

3) The Bonus Draw 

Every ticket you buy has an additional chance to win in the bonus draw. The bonus draw is a big prize that is funded by diverting 5% of the prize pool every round for a number of rounds. The bonus draw occurs every n rounds, where n is the number of rounds that pass between each draw. The amount you can win in the bonus draw depends on how many rounds have passed. (ticket price * ticket sales) * 0.05 * n

4) Fees 

There is a 10% fee taken from winnings. The fee is distributed as follows: Dev 5% Treasury 5% The treasury will be used to maintain the site and contracts as well as to fund marketing of The Wheel and future projects.