Raffle
Bet your MODO
Last updated
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Bet your MODO
Last updated
Was this helpful?
The Raffle is a fun game where you can buy tickets with MODO and have a chance to win big prizes.
1 ticket = 100 MODO
Each raffle ticket contains 4 numbers, each from 1~8. You can buy a random ticket that gives you 4 arbitrary numbers or a custom ticket in which you select 4 numbers yourself.
Upon the raffle draw, you win prizes if 2, 3, or 4 of your ticket numbers match!
Winning Numbers: 1, 1, 2, 3
Bob purchased 5 tickets:
1, 1, 2, 3 - 1st prize (matched 4 numbers)
1, 2, 1, 3 - 3rd prize (matched 2 numbers)
1, 1, 2, 5 - 2nd prize (matched 3 numbers)
1, 1, 3, 2 - 3rd prize (matched 2 numbers)
2, 3, 1, 1 - no prize (matched 0 numbers)
For each round of raffle, the total pot is the sum of all the MODO used to purchase the tickets from ALL the participants.
The distribution of jackpot upon raffle draw is:
Prize
Winning Numbers Matched
Share of Jackpot
1st Prize
4
50%
2nd Prize
3
30%
3rd Prize
2
15%
Burned
5%
Total Jackpot is 100,000 MODO
2 participants win 1st prize: each gets (100,000 *50%) / 2 = 25,000
10 participants win 2nd prize: each gets (100,000 *30%) / 10 = 3,000
30 participants win 3rd prize: each gets (100,000 *15%) / 30 = 500
Burned: 100,000 * 5% = 5000 MODO
Total Jackpot = Undistributed prize from previous round + total MODO used to purchase tickets from current round + Injected MODO (if any)
There is one round of raffle taken place each day.
The raffle draw time: UTC 23:55:00 - UTC 00:05:00 (next day)
Buy ticket time: any time except raffle draw time
