LoTerra is a smart contract, a self-executing contract in which the terms of the agreement between the Player and the Lottery are written directly in lines of code.
🌍 Terra blockchain
The code and the agreements it contains exist on Terra distributed and decentralized blockchain network.
📎 How does it work?
To play, the user communicates directly with the smart contract by sending 1UST with 6 symbols in the memo
symbols: [ 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, a, b, c, d, e, f ]
🔐 Security
All funds are locked and secured thanks to smart contract
🏆 If there is a winner
If there is a winner or winners. The smart contract automatically unlocks 80% of the pot for the winners and leaves 20% for the next draw.
💰The gains
Winnings with only 1 winner per rang :
Winnings with multiple winners :
Percentages are shared equally !
All these percentages can be voted on and modified by LOTA holders - DAO -
⚠️ Disclaimer
All winnings must be claimed before the next draw for the smart contract to unlock and send the winnings otherwise it will return to the lottery Collect your rewards