This is a Prize Linked Savings Account, which I call the No Loss Lottery and it has the thrill of a lottery, and the financial smarts of a Savings Account.
Your deposit buys you a chance at winning a monetary prize much bigger then your One Leo. So in the way it’s like a Lottery. But you can always get your Leo deposit back by requesting it. So in that way it’s like a Savings Account. But as long as you leave your Leo deposited you are automatically entered in every weeks drawing.
I am happy that the Lottery continues to be popular, and now 982 tickets have been sold. An increase from 930 last week.
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Note: Leo Minus 5% Lottery fee
Send 1 Leo per ticket to @nolosslottery
Buy as many tickets as you wish.
All ticket purchases are refundable on Sunday
Each lottery ticket costs one Leo, which is swapped for Cub on Cubfinance. Your Leo becomes Cub in one of the Cubfinance Farms.
Every ticket gives you a chance to win the earnings for all the earnings from all the tickets purchased.
Note:
Your deposit buys you a chance at winning a monetary prize much bigger then your One Leo. So in the way it’s like a Lottery. But you can always get your Leo deposit back by requesting it. So in that way it’s like a Savings Account. But as long as you leave your Leo deposited you are automatically entered in every weeks drawing.
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It’s a Prize Linked Savings Account, that allows people the chance at a large prize, 100 BLEO, which is 100 times the cost of a No Loss Lottery Ticket 1 Leo, and you can always get your money back.
Lotteries are good because they provide large amounts of potentially, life changing money to people. But they take from people in the form of tickets, and that money is lost forever. That’s why I created the No Loss Lottery as a Prize Linked Savings Account. In a Prize Linked Savings Account you have a chance to win big, but you can always get your money back. So you buy a ticket, but your money is held or saved for you like a Savings Account. But instead of 0.25% per year, you have a chance at a 10,000 percent return every week!
Read more of shortsegments articles here: @shortsegments
GIF created by @mariosfame