SinguLottery is the first Ethereum lottery that rewards all participants
with SLY, a burnable ERC20 token. Every Sunday, one lucky participant will be chosen
to receive the collected pot (in ETH) from the past week. Check out
getting started for more information on how you can
take place in this week's drawing!
All transfers of SLY outside of the distribution will be burned at 1%. This makes
SLY the first ERC20 lottery token which is also deflationary! Just like other deflationary
tokens (BOMB), every time you send SLY tokens 1% of the transaction will be destroyed.
SLY's token distribution will occur according to the following table:
ETH Sent |
SLY Received |
ETH Per SLY |
USD Per SLY |
|---|---|---|---|
| 0.05 ETH | 1 SLY | 0.050 ETH/SLY | |
| 0.1 ETH | 3 SLY | 0.030 ETH/SLY | |
| 0.5 ETH | 20 SLY | 0.025 ETH/SLY | |
| 1 ETH | 35 SLY | 0.020 ETH/SLY | |
| 10 ETH | 666 SLY | 0.015 ETH/SLY | |
| 100 ETH | 10,000 SLY | 0.010 ETH/SLY |
Odds of Winning = SLY Recieved This Week / Total SLY Distributed This Week
SLY will have 5 million coins premined and distributed to key partners and to reward members of the development team. These 5 million coins will also be used for community bounties and airdrops to promote the project. Additionally, 10% of the weekly jackpots will be donated to the development team for the purpose of paying exchange listing fees. Here are some quick stats on SLY:
We highly recommend using either Metamask or MyEtherWallet.
The first step for participating in the SinguLottery is to send some Ethereum to the contract address 0x7051d4c0b1f9f2d427016c777a6e644b8f327dad. Your contribution to the drawing will be rewarded in SLY, check the table above (or use the distribution calculator) to determine how much SLY you'll receive for the amount of ETH you send. Your odds of winning are directly proportional to the amount of ETH sent, so the more you send the more likely you are to win the grand prize!
Next, we will need to edit the gas price of the transaction in order to ensure the transaction goes through. Gas prices are high for SinguLottery because the Smart Contract function that receives your Ethereum and distributes your SLY is doing multiple, on-chain transactions to remain completely trustless. These transactions include:
Now we need to change the gas limit to ensure the transaction has enough gas. We recommend using a gas limit value of 200,000 to ensure your transaction goes through. If your transaction is still failing despite the high gas limit, you may want to consider raising the gas limit value to 300,000. Transactions may also fail if the Ethereum network is experiencing abnormally high amounts of activity. If your transactions are taking a long time, you may want to consider raising your gas price to speed up the transaction.
Now we're ready to send the transaction through! Click "Next" to finish sending the transaction, and then click "Confirm" to post it on the Ethereum network. Within 5-10 minutes you will receive your SLY, and your address will be entered in this weeks drawing. Good luck!
The first step for participating in the SinguLottery is to send some Ethereum to the contract address 0x7051d4c0b1f9f2d427016c777a6e644b8f327dad. Your contribution to the drawing will be rewarded in SLY, check the table above (or use the distribution calculator) to determine how much SLY you'll receive for the amount of ETH you send. Your odds of winning are directly proportional to the amount of ETH sent, so the more you send the more likely you are to win the grand prize! We will need to edit the gas price of the transaction in order to ensure the transaction goes through. Gas prices are high for SinguLottery because the Smart Contract function that receives your Ethereum and distributes your SLY is doing multiple, on-chain transactions to remain completely trustless. These transactions include:
Now we need to change the gas limit to ensure the transaction has enough gas. We recommend using a gas limit
value of 200,000 to ensure your transaction goes through. If your transaction is still failing despite the high
gas limit, you may want to consider raising the gas limit value to 300,000. Transactions may also fail if the Ethereum
network is experiencing abnormally high amounts of activity. If your transactions are taking a long time, you may want
to consider raising your gas price to speed up the transaction. Now we're ready to send the transaction through!
Note: If you'd like to contribute to randomizing our RNG, feel free to include hex data in this transaction (eg. 0x516 for lucky number 1302)
in the "Add Data" field.
Click "Send Transaction" to post it on the Ethereum network. Within
5-10 minutes you will receive your SLY, and your address will be entered in this weeks drawing. Good luck!
