No Loss Lottery Roadmap
Product Launch May 2nd, 2021
So I have launched this product, and I am advertising it on the largest Communities of Hive at the risk of incurring Downvotes. But each post says all proceeds go to the prize pull, so I hope to avoid the wrath of any Spam seeking accounts.
Reward Risk Ratio 1000;1 heavily in favor of Lottery Ticket holders.
I have invested 1000 BLEO in the pot, which is not attached to tickets or random numbers. This creates crazy returns for the investors of 1 Leo of 1000:1 with odds of winning much greater the 1 in 1000, more like 1 in 50.
In other words I am not using that 1000 to win. I am using it to create a Big Prize, that you can win. The whole purpose is a relatively large prize for the amount invested.
So someone who invests 1 Leo can win the earnings of 1000 invested Leo.
Why?
To build the investor base, by making it a low risk, high profit investment.
Next evolution part 1
Educate large numbers of Hive users about the No Loss Lottery, and help people understand it has the thrill of winning a real lottery and the safety of a savings account. Your lottery ticket doesn't expire with the first drawing, you can let it ride. So in reality it acts like a savings account with the chance to win the interest on not just your money, but on every entrants money!
It's a modification of the traditional lottery concept, it is basically changed to favor the lottery ticket entrants. Understanding it will require thinking outside the box, but I think the people on hive can figure it out.
Next Evolution part 2
The project is a centralized and requires trust in me. That has to change, so I will replace me with code. Then you can trust the code.
Code Audit
Once finished, the code would need to be audited. So in keeping with the standard set by @khaleelkazi the safety of investors funds is a priority.
Tweak Project;
BLEO-BNB trading pair
Right now the funds are deposited in Cub den. But as Leobridge deploys and demand for BLEO grows it may be more profitable to invest in the BLEO-BNB liquidity pool, and it would help Our community by providing liquidity to BLEO-BNB trading pair.
Provide rewards in Ether, BNB or USDC.
This maybe attractive to investors.
Additionally, I may look into cross platform investment to provide prizes in different Token like CAKE. If the investors in the No Loss Lottery express an interest in receiving rewards in another token, and I can do it without making it to complicated.
Last words
Those are my thoughts I will share now. I have other ideas for this project, but it’s one step at a time, so it’s done right.
First Post explaining the No Loss Lottery is reproduced below in the Comment Section, and can be viewed at this clickable link
Or copy and paste this web address @shortsegments/no-loss-lottery
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance, where finance meets technology.
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