No Loss Lottery

It’s a Prize Linked Savings Account.
It’s a savings account, because you can always with draw all your money! It’s a lottery ticket because you have a chance to win 60, 25 or 10 times what one ticket costs!

Picture Credit : @krunkypuram

Prize Linked Savings Accounts

These are savings accounts where you don’t earn interest, but you have a chance to win the interest on everyone else’s money who deposits in a prize linked savings account. The DeFi version on Leofinance is that your ticket price of one Leo gives you a chance to win the DeFi earnings for one week of everyone’s Leo entered in the contest. This week there are 678 Leo tickets purchased, so your one Leo ticket gives you the chance to win one weeks earnings of 678 Leo. Your chances of winning are 1 in 678, which is much greater then most lotteries, where the odds are usually 1 in 10,000,000. Plus once you buy a ticket in the traditional lottery your money is gone.

The No Loss Lottery

You can’t loose because you can always get your money back.

Every week prizes totaling 100 Leo are given out!

No Loss Lottery

It’s a Prize Linked Savings Account.
It’s a savings account, because you can always with draw all your money! It’s a lottery ticket because you have a chance to win 60, 25 or 10 times what one ticket costs!

Prize Linked Savings Accounts, the Cure for the Traditional Lottery!

The Prize Linked Savings Account cures the traditional lottery, in two ways. First, the number of entries is smaller, so the chance of winning is higher. Second, the ticket price is refundable, so the price of the ticket is never lost.

Let it Ride!

In the No Loss Lottery your money is never lost, you deposit it, and if you leave it in, you are automatically entered in every week’s lottery.

Okay, How do you enter?

First, Send one Leo per ticket to @nolosslottery on Leofinance.
Second, you will be assigned a number. That’s it. Done.

@shortsegments

Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance.

Read more of shortsegments articles here: @shortsegments

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