Lottery

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Lottery
​Biswap Lottery​​
The Biswap Lottery is a game of chance in which winners are selected randomly. Our lottery allows every user who bought at least one lottery ticket to get rewarded with substantial BSW prizes.
The Lottery is now undergoing optimization to boost quality performance on the platform.
⚙️  Please, withdraw your BSW rewards from the Lottery and Referral balance within a month. You can withdraw your BSW winnings during the optimization as well.
⚙️  Remaining BSW Lottery Pool will go to BSW Burning. 
⚙️  The Lottery Competitions will be temporarily unavailable during the optimization.
Specifics
Valid lottery token: BSW
Lottery ticket cost: $1 in BSW
User entry limit: only 500 tickets can be bought in one go
Max number of tickets to be purchased at a time: unlimited 
Duration: 12 hours for one lottery round 
One lottery ticket gives a user a random 6-digit combination, with each digit between 0-9. 
Lottery Ticket Cost & Bulk Purchase Discount 
The Lottery ticket price is set at the beginning of every round and targets $1. However, this amount may vary with sudden price fluctuations. Our platform allows users to save on expenses by purchasing multiple tickets at once. Check the examples below. 
Winning Criteria
The digits on your ticket must match in the correct order to win. Let's consider an example of a lottery draw with two different tickets, A and B. 
Ticket A: The first three and the last two digits match, but the 4th digit is wrong. It means that this ticket only wins a "Match first 3" prize.
Ticket B: Even though the last five digits match, the first digit is wrong, meaning this ticket does not win a prize. 
Prize Fund 
The prizes for each lottery round come from two sources:
Ticket Purchase: 80% of the total lottery ticket purchase amount is allocated to the prize pool 
Rollover prizes: if nobody wins in one of the prize brackets, the unclaimed BSW tokens for that bracket will roll over into the next round and will be distributed among the prize pools
100% of the Prize Pool is allocated as depicted in the illustration below: 
When your referrals buy a lottery ticket, you get 2% in BSW as a referral reward. This amount gets deposited directly to your lottery referral balance located on the lottery page. 5% of all the funds from the total lottery ticket purchase amount are allocated to the Lottery Competition.
How to Play in Biswap Lottery? 
Bright, enriching, exciting wins on Biswap! Ready to try?
Become a lucky participant with a few simple clicks:
1.Buy tickets for only $1 in BSW each, more tickets - higher chances & your discount as well.
2.Choose the random digits or enter your lucky numbers.
3.Wait for the draw (12 hours for one lottery round)
4.Check your Prizes! 🎊
Lottery Competition
The 100 participants with the highest lottery volume (the biggest number of purchased tickets) share the prize pool!
The Lottery Competition and the Competition Rewards are shown on the Lottery tab. Click on the More Details button to see all the information about the battle!
This 100% (5% of all funds) of the Lottery Competition Prize Pool is divided as follows:
Competition A:
🥇 1st place — 30%
🏅 2nd — 100th — 64% in percentage correlation
Competition B:
🌟 10 random places — 6%, each of the lucky users who ranked the certain places below get 0.6%.
Random prize places: 9, 19, 29, 39, 49, 59, 59, 69, 79, 89, 99.
The Competition Rewards are distributed once every 14 lottery rounds (every 7 days).
Terms & Conditions 
✔️ Condition for participation: a user has to purchase at least one lottery ticket
✔️ All the rewards will be distributed within 72 hours and credited to the competition balance after the end of the tournament.
✔️ 5% from every purchased lottery ticket will be allocated to the prize pool
✔️ All the rewards will be credited to the winners in BSW tokens
✔️ Biswap reserves the right to cancel or amend any Activity or Activity Rules at its sole discretion.
✔️ The rewards for the Lottery Competition A will be proportionally split depending on each user’s total ticket volume for the following places: 2–100.
For instance, the prize pool for 2–100 positions accounts for $5,000, and the total ticket volume is $1,000,000. A user ranked in 5th place during the competition period bought lottery tickets for the total amount of $20,000. It accounts for 2% of the total ticket volume for positions 2–100. Hence, the user gets $100 (2% from $5 000).
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