Why Solana

Solana is currently one of the most promising cryptocurrency projects, meeting the growing demands of the market.

This ecosystem was chosen for its high transaction processing speed, scalability, and extremely low transaction costs. It is developing rapidly and is already among the top cryptocurrencies by market capitalization on many exchanges.

In comparison, Bitcoin cannot ensure transaction speeds of 1 minute with a fee of less than 10 cents and a throughput of 3500 transactions per second. At present, this ecosystem is the most suitable for organizing instant automated games.

About Our Service

Our platform leverages the advanced capabilities of the Solana blockchain to offer automated gaming experiences. Known for its high speed and low transaction costs, Solana enables us to provide games with immediate and verifiable results.

At the heart of our service is a commitment to fairness and transparency. Each game outcome is recorded on the blockchain, ensuring that results are not only transparent but also tamper-proof. This level of openness ensures that every player has an equal chance of winning, fostering a trustworthy lottery environment.

By participating in our games, players engage with a system that prioritizes ethical gaming practices. We are dedicated to maintaining a fair gaming ecosystem where the integrity of every game is beyond reproach.

How It Works

When you participate in our lottery by transferring funds to the designated address, each transaction undergoes a transparent and verifiable process:

Step-by-Step Process

1. Transaction Processing: Each transaction receives a unique identifier based on its unique characteristics combined with your bet amount and account balance.
2. Hash Generation: This identifier is hashed using the robust base58 cryptographic method, ensuring the hash is both unique and secure.
3. Outcome Calculation: Specific segments of this hash are used to calculate the result of your bet based on predefined rules, ensuring fair play.

Understanding Game Outcomes

The result of each bet is straightforward:

• Win: If the random value derived from the hash is below 47%, you win a random amount, which can be anywhere from 0% to 99% of your bet amount.
• Lose: If the random value is 47% or higher, you lose an amount that could range from 0% to 99% of your bet.

This procedure ensures the game outcomes are not only unpredictable but also equitable, with every outcome being verifiable through blockchain transparency.

Winning and Losing Explained

Both winning and losing outcomes are calculated based on the percentages derived from the hash value:

We encourage all participants to independently verify their transaction outcomes using blockchain technology. For detailed instructions on how to verify results using the data from your transactions, please visit our GitHub repository. This not only ensures transparency but also reinforces the integrity and trustworthiness of our lottery system.

Every transaction is promptly processed, usually within a minute, allowing for a swift and efficient gaming experience.

Verify Result

To ensure the fairness of our lottery, we encourage all players to verify the outcomes of their transactions independently using our robust base58 hash-based method. This process enhances the trustworthiness and transparency of our gaming environment.

Follow these steps to verify your game results:

1. Locate Your Transaction: Find the block hash associated with your transaction on any Solana blockchain explorer, like Solana Beach.
2. Verify Using base58: Use the base58 hash of the block containing your transaction. You can utilize our open-source verification tool available on GitHub to do this easily.
3. Check the Result: The derived base58 hash value will dictate the outcome:
   • Values from 0 to 46 indicate a win where you can earn up to 99% of your bet back.
   • Values from 47 to 99 result in a loss, where you could lose up to 99% of your bet.

This method guarantees that each result is independently verifiable, reinforcing our commitment to fair play. Visit our GitHub page for detailed instructions and tools to verify your results.

Probability and Project Economics

To ensure our service remains financially stable, we use a specific mathematical model. Here’s how it works:

• Winning Probability: Your chance of winning is fixed at about 47%. This means you will win approximately 47 out of every 100 games.
• Dividends and Commission:
  • Weekly Dividends: Every week, we distribute 3.1415% of the total participation funds as dividends to all players, based on their share of participation.
  • Service Fee: We charge a 3.1415% fee on all games. This fee helps maintain our servers and cover potential bankruptcy risks.
• Participation Limits:
  • Maximum Bet: You can bet up to 10% of the current lottery balance. Bets exceeding this limit will be refunded.
  • Minimum Bet: Bets below a certain amount are non-refundable to prevent abuse and excessive transaction costs.
• Bankruptcy Risk:
  • The probability of the service going bankrupt is 2.1957%.
  • Every 50 games, there's a risk of significant losses, meaning lottery sizes are usually small.
  • The maximum participation limit may change roughly every 25 games based on these calculations.

This model ensures fair play while keeping the service financially healthy.

Comparison of Winning Probabilities

Understanding the odds in lotteries and gambling is essential for making informed decisions. Our lottery offers a winning probability of 47% on each bet, which is significantly higher compared to traditional lotteries and popular casino games. Below is a detailed comparison with precise probabilities.

Traditional Lotteries

Traditional lotteries offer minimal chances of winning back your ticket price:

• Powerball: The probability of winning any prize is approximately 1 in 24.9, or about 4%. However, the chance of winning at least your ticket price back ($4 prize on a $2 ticket) is about 1 in 38, or roughly 2.63%.
• Mega Millions: Similar to Powerball, the odds of winning any prize are about 1 in 24. The chance of winning at least the ticket price back ($2 ticket for a minimum $2 prize) is approximately 1 in 56, or about 1.79%.

Scratch-Off Tickets

Instant win scratch-off tickets have better odds than national lotteries but still offer low probabilities for breaking even:

• Overall Odds: Typically around 1 in 4, or 25%, to win any prize.
• Winning Back Ticket Price: The odds of winning an amount equal to your ticket price are usually around 1 in 10, or 10%, depending on the game.

Casino Games

Casino games provide higher probabilities but still favor the house:

• Roulette (European): Betting on red or black offers a 48.65% chance to double your bet. There's a 51.35% chance of losing your bet due to the single zero on the wheel.
• Blackjack: Using basic strategy, the probability of winning a hand is about 42.22%, with a 49.10% chance of losing and an 8.48% chance of a tie. Over time, the house edge is around 0.5% to 1%.
• Baccarat: Betting on the "Player" hand yields a 44.62% chance of winning, while betting on the "Banker" hand (after accounting for the 5% commission) offers a 45.86% chance of winning.

Slot Machines

Slot machines have high variance and unpredictable outcomes:

• Return to Player (RTP): Ranges from 85% to 98%, indicating the percentage of wagered money a slot machine will pay back over time.
• Probability of Winning on a Single Spin: Generally low and not publicly disclosed. The chance of winning back your bet or more on a single spin can be less than 20%.

Our Lottery's Fairness

Our lottery stands out by offering:

• Higher Winning Probability: A 47% chance to win on each bet, significantly higher than most lotteries and comparable to casino games.
• Fair Payouts: Winners can receive up to 99% of their bet amount, providing substantial returns.
• Transparent Results: Every outcome is verifiable through blockchain technology, ensuring fairness and eliminating manipulation.

Compared to traditional lotteries with less than a 5% chance of breaking even, and casino games that require skill or still favor the house, our lottery offers a more equitable and transparent gaming experience.

Lottery Paradigm

We offer a new paradigm characterized by transparency, verifiability, speed, simplicity, and determinism. Thanks to blockchain technology, each game is public, and its results are known to everyone. Any participant can verify the result of any game at any time without requiring special technical knowledge or even Internet access.

To participate in the lottery, simply send a transaction to the lottery address. The game will be processed automatically, and the information about it will appear in the statistics block on the website and on the blockchain. The determinism of the system means that one specific transaction can only have one specific unchangeable result.

Background

This service aims to challenge some of the established traditions in the organization of this type of games. Current projects of this kind often prefer to hide the overall game statistics, the results, and the way they are calculated. This opens up possibilities for manipulating game outcomes and the actual distribution of winning probabilities. Those who manage to make a profit are often blocked, faced with lengthy document requests and investigations, which are mainly a way to avoid paying out funds to players.

We offer an alternative where the statistics of all games are known and can be analyzed for distribution. An alternative where the results of each game are verifiable, cannot be faked or hidden. An alternative where the method of calculating the result is known, the result can be verified offline, it is deterministic, and no other result can exist.

Our approach eliminates the need for personal documentation, we do not track IP addresses or use trackers, and there is no possibility to link a visit to our page with any specific transaction sent to our address. Unlike traditional gambling systems, we do not profit from players' losses but instead pay weekly dividends based on participation, providing an opportunity to recoup losses over time without falling into debt.