How to make tickets available
There will be no fixed schedule, but lotteries will be announced periodically.
How much is the prize?
The team will determine the prize amount each time, at least partially based on demand.
How is this lottery good for Piston?
The lottery is deflationary. When you buy a lottery ticket for 1 BUSD, half of that BUSD goes into the prize pool, and the other half is used to buy PSTN, which is then virtually burned (v-burned), sending it into the contract and out of circulation. At the same time as the lottery introduces scarcity through v-burn, it also adds buy pressure through ticket sales. And no matter what the price of PSTN is, this process ensures that people will be purchasing some of it with every ticket purchase.
How do I get tickets to the lottery?
The first step is to earn vouchers. Each time you Nitro when your Available Fuel gauge is at the full daily 1% payout (or higher), you earn 10 vouchers. Each time you claim, you lose 10 vouchers.
If you Nitro when your Available Fuel gauge is at less than the full daily 1% payout, it will not affect the number of vouchers.
How do I use my vouchers?
Each voucher allows you to purchase a lottery ticket for 1 BUSD (in other words, without a voucher it is impossible to buy a ticket, and the voucher makes it possible).
How long are my vouchers valid?
Five minutes before a lottery drawing, all voucher totals will be reset. If you don't redeem vouchers and buy tickets before this time, you will lose the chance to participate in that drawing.
Is it possible to purchase vouchers?
No. They can only be earned through Nitro.
If I win, when / how do I get my prize?
The prize will be airdropped by the team within 24 hours of the announcement of results. It will be airdropped as a real deposit to the gas tank (so it won't count against your 5X limit).
What is the golden ticket?
A golden ticket is a reward for those who have won the silver tickets. All silver tickets will be drawn then the winner will receive this unique reward.
What is the silver ticket?
A silver ticket is a reward for the investor that buys more Piston in a day. The timezone used is UTC, and it starts at 00:00 UTC until 23:59 on the same day.
In addition, on the final day of the lottery, 10% of the entire prize pot will be divided among the silver ticket winners.
What is the value of the silver ticket?
The winner of the silver ticket will receive… 50 free lottery tickets, 50 vouchers allow them to purchase up to 50 more lottery tickets for 1 BUSD each and the chance of winning a golden ticket. In addition, on the final day of the lottery, 10% of the entire prize pot will be divided among the silver ticket winners.
What is the value of the golden ticket?
The winner of the golden ticket will receive…
500 free lottery tickets
500 vouchers which allow them to purchase up to 500 more lottery tickets for 1 BUSD each.
The collected value will be divided as:
80% goes to first, second, and third prize lottery winners.
10% is divided among daily silver ticket winners.
5% seeds the prize pot for the next lottery.
5% of each lottery during the year funds the big end-of-year lottery.