Mechanism

In order to fairly allocate LOTTERY DAO shares, the dev team has defined an equity allocation mechanism suitable for today’s lottery industry, which we call "Initial Lucky Offering", or simply "ILO". The ILO is a lottery ticket distribution mechanism, where each ticket purchased by a lottery player will result in shares corresponding to the price of the ticket and a fixed percentage of Stable Tokens will be injected into the shareholder revenue pool. ILO will be introduced in various rounds, and each round of shares will be re-priced. The number of shares that can be obtained will be reduced along with time, which means that the earlier you join in this revolution, the more shares you can get. The following table show an example of how the ILO values change: