I was wrong about the No Loss Lottery… | Ecency

No Loss Lottery isn’t a Lottery!

The No Loss Lottery is in its 15th week of giving away over 100 Leo in prizes every Sunday, and according to the last Lottery Report post, it has sold over 2200 tickets!
I can remember from my childhood people spending 20-30 dollars a week on the Lottery tickets hoping for a life changing prize and 99% of them won nothing, but lost all the money used to buy tickets. So I don’t like Lotteries, I don’t object to others having fun, but I don’t recommend them as a way to make money either. But to each his or her own.

So I named the No Loss Lottery a Lottery because it has an element of random chance, just like a fiat Lottery. I initially thought of the No Loss Lottery as a Lottery or game of chance, with the thrill of winning as the main attraction. But after I read this post by @lalai I decided I was wrong.

I realized the No Loss Lottery is about rewarding Savers!

Save 2 Win!

I read this post by @lalai called Save2Win and at first I thought she was describing a New Program, which sounded great! But then I realized she was actually writing about the No Loss Lottery in a different way. And I realized the No Loss Lottery is about rewarding Savers!

You see the modern bank account pays 0.25% annual interest a year, which is 25 cents per 100 dollars deposited. That’s pitiful! But the No Loss Lottery, which really should be called Save to Win, allows you to save with the chance to win 100 times the cost of one ticket! And with the No Loss Lottery you have a very good chance to win and nothing is lost!

How Cool is that!

So the No Loss Lottery is not a Lottery where people lose their money in hope of a prize, it’s a Super Savings Account, where people save their money with a chance to win a large cash prize. It’s a Smart Savings Account!

So read this post: @lalai/no-loss-lottery-save-to-win
And I suggest you start saving money by sending your Leo to the No Loss Lottery.

@nolosslottery accepts Hive starting this week!

I will accept Hive and exchange them for Leo. This is the Hive Blockchains!

Name Change:

I need to do market research. I like my name, but may open another account. Called Save2Win 2 Win….

The End… for now.

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About @shortsegments

Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance. He has been a community member for more then three years.

He is also a builder, with two current projects:

The first is the No Loss lottery, a prize linked savings account here on Hive, which awards more the 100 Leo in prizes weekly, and which recent surpassed 1000 tickets sold. @nolosslottery

His second project is Easy DeFi, which creates a community investment pool allowing community members not yet confident enough to invest on their own, a chance to easily invest in yield-farming and staking on Cubfinance. @easydefi

Yield Farming
Cubfinance is the Hive communities home grown Yield Farm and is audited by CertiK, a third party which certifies DeFi projects on Ethereum, Binance and polygon ecosystems.

Read more of shortsegments articles here: @shortsegments