REDEMPTION
  • REDEMPTION
    • Redemption Token (RDTN)
    • RDBN (Puttable Bonds)
    • Redemption Platform / dApps
    • Redemption DAO
  • How to Earn?
    • Redemption Bonds
      • Features
      • Redemption Bonds Prizes & Lucky Draw Periods
      • Bond Serial Number & Important Terms
      • Bonds Issuing, Locking & Lucky Draw Dates
      • How Do Redemption Bonds Work?
      • Why Redemption bonds?
      • Technical Specifications
        • Issuance of Redemption Bonds
        • Collateral Pool Management
        • Collateral Size Determination & Oracle
        • Management of Bonds
        • Redemption of Bonds
        • Prize Pool Calculation
        • Burning The Bonds
        • Redemption Bonds Workflows
    • Staking
      • Staking Pools Duration
      • Why Stake Redemption Tokens?
      • How To Earn With Staking?
    • Lottery
      • Lottery Pools & Probability to Win
      • Lottery Pool Value & Prize Distribution
      • How The Winning No Is Drawn?
      • How To Play The Lottery?
  • How to Get RDTN?
  • DAO
    • Functions of DAO
    • Guilds, Their Selection & Compensation
    • Why Participate in The DAO?
    • How DAO Voting Works
    • How Does DAO Treasury Work?
    • Funds Management With Multisig Wallets
    • Funds Allocation to Guilds
    • How To Vote?
  • Invest in Pre-IDO
    • Why Invest in Pre-IDO?
    • How to Buy Redemption Before IDO?
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  • Benefits Of Decentralized Lottery
  • Lottery Specs

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  1. How to Earn?

Lottery

What is Redemption Lottery?

100% Decentralized Lottery & Prize Pools

Redemption offers the first-ever blockchain-based lottery to offer 5 Different Lottery pools based on the number of digits to be matched to be deemed a winner.

From 5 Digit match pool (which offers the highest reward but low winning chances) to 1 digit match pool (which offers low reward but highest Wining chances), choose your tradeoff between the Highest chances or the Highest reward. You can start for as low as $5 worth of RDTN.

The Redemption lottery will run on a blockchain-based smart contract. The best thing about switching to a blockchain for a customer is the reliability, security, and transparency of the system.

In simple terms, what it means is that you do not have to trust any neutral third party (the “house”) to organize the game. The best thing about this system is that all the rules of the game are predefined in the form of a smart contract.

Benefits Of Decentralized Lottery

  • All the rules are predefined and are automatically executed, so there is no chance of cheating.

  • As the system is running on blockchain, no one can tamper with the rules. (NOT even the developer).

  • No one can disappear with your money.

  • There is complete transparency in the competition rules because the rules are written on a smart contract and allow you to see the rules.

  • Anyone can participate, regardless of their location or financial situation.

  • We have lower minimum bet amounts, making the lottery accessible to everyone.

Lottery Specs

  • Each Lottery ticket costs: ~5 USD in Redemption tokens (RDTN).

  • There is no overall limit to the number of lottery tickets.

  • Each ticket has a random 6-digit combination with each digit between 0-9 numerical numbers.

  • For security and randomness of a matching number for the winning ticket, the Redemption lottery utilizes Chainlink's implementation of a Verifiable Random Function (VRF).

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Last updated 2 years ago

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What is Redemption Lottery and How Does It Work?