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We've had 19 winners since July 2024, and most recently, someone won $207k on March 21! You can see the stats here and verify the winner: https://stats.megapot.io/
Think of it like the Powerball, where if no one gets lucky, it rolls over to tomorrow!
We sell between 500-10000 tickets per day. Even the high end is just $10k in sales. The jackpot is $866,322.69 right now, so the odds for a player to win are low.
What's different between us and Powerball:
1. Our expected value is far better than any traditional lottery. Plus, 100% of fees go to the community, Megapot takes 0%.
2. Our jackpot is so big because liquidity providers guarantee a big jackpot (details: https://docs.megapot.io/overview/earn-as-a-liquidity-provider) Other iterations on this idea failed because they couldn't build a large jackpot.
3. You can play with our mini app, or others like @must-be-ash's Bonanza (https://warpcast.com/must-be-ash/0xc909ab29) or @btbfinance. Since we are a fully onchain protocol, anyone can build on top of us. 3 replies
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since you're one of our biggest supporters, thought I'd share a sneak peek and get your thinking. we'll post a video on this and poll users on which prize payout they'd like, but curious to hear what you think!
Weβll test out giving out $100 per day and $50 in free tickets. Poll options
1. Progressive: 1 $25 main prize, 5 $5 prizes, 25 $2 prizes, 50 free tickets for next day
2. Flatter distribution: 6 $5 prizes, 35 $2 prizes, 50 free tickets for next day
3. Flattest distribution: 50 $2 prizes, 50 free tickets for next day
4. Weekly + daily: 1 $250 winner, 3 $100, 5 $50 winners per week; 50 free tickets per day 2 replies
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