TITANDAO

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TITAN Jackpot

Bi-weekly game played on Mondays and Thursdays using TITAN

How it works

The TITAN Jackpot allows players to freely pick their lucky numbers to win prizes in TITAN. Players can **either manually pick their numbers or a randomiser can choose a combination for them. **To play this game, players have to pick a total of 5 numbers from two tables:

- 4 numbers between 1 and 20, plus
- 1 number, called the TITANBall, between 1 and 5

The TITAN Jackpot will be paid when a player gets all 5 numbers correctly in no particular order. This means you can match the winning combination with the first four numbers in any order!

The game uses **Chainlink VRF** (verifiable random function) for the generation of provably fair random numbers to ensure maximum fairness for players**.**

There will be two draws weekly, on Mondays and Thursdays. The results will be published the same day.

The **ticket price is 1 million TITAN.** The ticket price might change in the future to adjust to the future price of TITAN.

Winning combinations

**Jackpot:**Match all 5 numbers. These are tickets that match the first 4 numbers in**any order**and match the 5th number (the TITANBall)**Match 4**: Tickets that match the first 4 numbers in any order (not counting in TITANBall, i.e. the TITANBall number has been missed)**Match 3**: Tickets that match the first 3 out of the first 4 numbers in any order (not counting the DragonBall number)

Guaranteed minimum starting prize

- To bootstrap the game, TITAN is our DOGE community leaders added 100 million TITAN tokens as starting prize pool
- All tickets revenue increases the current prize pool
- 70% of the pool size will be rewarded to the Jackpot winner, 20% for matching 4 numbers, and 10% for matching 3 numbers
- The prize will be divided equally if there are multiple winners in the same category
- The prize accumulates to the next round when there are no winners per category
- When there are winners, the prize pool gets redistributed across all categories
*Note: parameters can be fine-tuned after the game has started to incorporate our community feedback*

Taxes

A 30% tax rate is applied to the winnerâ€™s prize (automatically deducted).

- 50% of the tax is used to fund TitanDAO (release new products)
- 50% is used to burn TITAN tokens

Burning address

The burning address for the lottery is:

- 0x0000000000000000000000000000000000000000

Example

Let's take an example with real numbers and assume that the prize pool is 1 billion TITAN tokens. The winning numbers are **1, 9, 14, 18 and the TITANBall number is 5**. There are 5 winners in total on this round (winning numbers are highlighted):

- Winner's ticket numbers:
**1, 14, 18, 9, + 5**

- Winner 1 ticket numbers:
**18, 1, 9, 14**+ 1 - Winner 2 ticket numbers:
**9, 1, 18, 14**+ 3

- Winner 1 ticket numbers: 17,
**9, 1, 14**+ 2 - Winner 2 ticket numbers: 3
**, 18, 1, 9**+ 1

A tax rate of 30% is applied to the prize pool. That is 30% of 1 billion TITAN which equals 300 million TITAN. The net prize pool is then 700 million TITAN tokens (1 billion minus 300 million tax), distributed to winners as follows:

- 1 Jackpot winner: 45% of 700 million = 315 million TITAN
- 2 winners for matching 4 numbers: 35% of 700 million = 245 million TITAN = 122.5 million TITAN each
- 2 winners for matching 3 numbers: 20% of 700 million = 140 million TITAN = 70 million TITAN each

The 300 million TITAN applied as tax, will be used as follows:

- 50% is used to fund TitanDAO to release new products = 150 million TITAN
- 50% is burned = 150 million TITAN

Last modified 9mo ago