Hodl Lottery
The Hodl Lottery is specifically crafted to attract and reward long-term holders by offering continuous opportunities to win valuable prizes. Qualifying participants enjoy the benefit of owning a reusable and resalable lottery ticket, remaining eligible even after multiple wins.
The rules at launch (may change pending on market conditions):
Every 1,000 transactions, five randomly selected eligible users will be chosen as lottery winners and receive prizes.
To participate, users must hold at least 0.1% of the circulating supply. Holding 0.3% of the circulating supply doubles the probability of winning, while holding 0.5% or more triples it.
Prize allocation is as follows:
1st prize: 60% of the total winnings
2nd prize: 20% of the total winnings
3rd prize: 10% of the total winnings
4th and 5th prizes: 5% each of the total winnings
75% of the prize pool is distributed to winners in Cultiv8 tokens, with the remaining 25% rolling over to the next prize pool.
Simply put, eligible users continue to passively participate in the Hodl Lottery for ever for as long as they hodl.
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