The “No Loss Lottery” Announcement: November 11th, 2022.
The No Loss Lottery is called No Loss because your lottery ticket purchase price actually is a deposit into a savings account, which also makes you eligible for a prizes, in addition to earning interest on your savings.
Therefore it is like a lottery, in that you buy tickets, and can win prizes, but like a savings account, because you never lose your money and you earn .. interest.
Some people call it Prize Linked Savings because it is like a Savings account, but the account also gives you a chance to earn prizes, in addition to saving your money.
Other people call it a Super Savers Account because in addition to earning interest you are eligible for prizes.
- Prizes are derived from earnings from ticket purchase price amounts being invested in Cubfinance DeFi Farms, so there is a possibility of impermanent loss, but balanced by gains over time.
This Weeks Prize Winner:
The Prize of 100 Leo goes to ticket #1562 which belongs to @spinvest
Congratulations @spinvest
Leo sent to the winner:
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@nolosslottery
The “No Loss Lottery” Announcement: November 11th, 2022.
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