🎯LOTTERY
LOGIC
For participation in the Lottery, you have to buy the COIN token.
The COIN is purchasable with CRS only.
Users buy the COINS with $CRS tokens. 1 COIN represents 1 ticket.
Those $CRS are swapped for the COINs and sent to the user's wallet.
30% of swapped $CRS (including $CRS from last round) are burned in the end of each round.
After each round, the team takes a snapshot of COINs in the wallets and counts % share of each wallet.
The random generator will choose 5 winners who get 80% of $CRS available. 5a/ 10% is sent to Treasury. 5b/ 10% is added to the next round.
The Smart Contract will recount the amount of COINs in each wallet for the next round by the formula: Difference in number of COINs in day 7 from the past week and amount of COINs in day 7 of the actual week.
Duration: 7 days (Monday 12AM CST - Sunday 11:59 PM CST)
Contribution of CRS is unlimited.
Every CRS you spend is exchanged to COIN with the actual ratio and burned.
DYNAMIC COIN PRICE
At the start each COIN has value of 0.5 CRS
Every next COIN value will be multiplied by 1%
Whoever gets in first, buys cheaper!
E.g.: Tony was first and bought 1 COIN for a total amount of 0.5 CRS. Jake came right after and bought another 3 COINs for a total amount of 1.530CRS.
Formula:
0.5+(1.01x0.5)+(1.01(1.01x0.5))+(1.01((1.01x0.5) + (1.01x0.5)))…
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