New Randoms game - Daily video draw and triple prizes on Fridays!!

Good week everyone. It's been a very good week to be the crypto game with massive gains everywhere. This week we are going to look into a gaming project, not gaming like your thinking, more gamifying a token and it's payout structure. Not a game in the traditional sense of the word. Let's jump into this weeks project idea. Anything suggested below is hypothetical and the post is really just a thought exercise. This is not an actual project, could be if someone decides to do it. Maybe me, maybe you, most likely nobody :)

image.png

Token Name - Randoms

Not much thought went into the name, to be honest, but Randoms fits and could always change. If this idea was boiled down to its core, it would be a daily raffle. A raffle were every token holder has a 1-50 chance of winning each day. You might be thinking boring, that's boring and you might be right but if it's short, engaging and fun, could be a winner. Release a 2-3 min drawing (lotto-style) video every day Monday-Friday. Release it at the same time every day to build it into people routines and make triple prizes on Fridays.

There's not much tokenomics behind a lotto/raffle style game. Luck would ultimately decide each token holders rewards. The variance will play a factor more into short term holding over long term meaning the longer you hold Randoms, the less luck has to do with your returns. Most of us understand the basic of how lotto works so no need to explain that, let's jump right in.

image.png

Buying Randoms

  • Randoms (RAN) issued for 1 HIVEp each
  • No hard cap
  • No staking, just hold in your wallet

Daily Draw

  • Daily video draw Monday -Friday released at the same time every day
  • All token holders are sorted by username into alphabetical order on he.dtools.dev into pages of 50 names (wallets)
  • 1 random number between 1>50 is drawn on video for each page, every 50 names.

What can you win?

  • If your number is drawn Monday - Thursday. You will win 2% of your Randoms token balance in HIVE
  • If you win on Triple Fridays, you will win 6% of your Randoms token balance in HIVE
  • If you win back to back days, you will win the progressive JACKPOT!!

PRIZES
Prizes are sent to the winners within 12 hours of the video draw being uploaded

Cashing out Randoms
Same as every other token on hive-engine, sell it into the market

image.png

Looking into the numbers

So for tokens holders, the odds of winning would be something like this.

5 draw per week at 52 weeks is 260 chances to win each year
Winning 1 in 50 draws would result in 5.2 wins per year an average
This would pay out 10.4% but......
1 in 5 draws is a Triple Friday day so we can add 3.6% to that number assuming to win one Friday per year giving us 14%

14% is not a bad core number to have as a base, of course, you could win nothing are much more.

The progressive jackpot is basically unspent funds that collect up in the bank. We could assume a jackpot to be won every 50 draws so it could be a decent payout. When someone wins the progressive jackpot, 50% of the bank is transferred to that winner no matter the amount. The other 50% remains in the bank to let the jackpot increase each time its won and building it into a huge thing over time.

Key Risks

  • If a top token holder were to win over and over, it could destroy the bank (maybe)
  • If HE goes down, there will be problems pulling up a fresh token holder list

image.png

What do you think?

Would you play Randoms and watch the daily draw? Would you spare 2-3 minutes a day if you seen it be uploaded daily at the same time? Do you think these would be a good token to hold?. Ideally, I would see these being sold in small numbers like you have a spare 10-15 HIVEp in your wallet and nothing to do with it sort of thing. I would not consider it an investment but it kinda is if you were to buy and hold for a few years. Would it be better to pay out rewards in Random tokens instead of HIVE?

What do you think?

fe157d0b8f9c173ac1070fd920e496e75bb1d848b039c1a5be88d9699e271c02.0.gif

Posted Using LeoFinance Beta



0
0
0.000
4 comments
avatar

Would it that it doesn't matter how many you hold, it's based just on your name being on the list so then massive buyers won't be winning all the time?

I think I would be interested in buying some and just holding to hope I win. Wouldn't take much time out of someone's day for a few minutes to see if they won, but would eventually have it set in, to look for the video each day to check.

0
0
0.000
avatar

Yep, it would be based on your name rank in the list but what you win is a percentage of your balance. But 100%, yes does not matter how many you hold.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Would you play Randoms and watch the daily draw?

Nope. This one wouldn't be for me. I'm way too unlucky with this sort of thing. You've only got to look at my pack opening record. 😢

Posted Using LeoFinance Beta

0
0
0.000
avatar

yes I would buy the token and would watch when I could being that I never know when I am going to be online

Posted Using LeoFinance Beta

0
0
0.000