Vesting Lottery Explanation
SEED/Private A/Private B phase of pre-sales
To prevent a shortage of tokens in the market, we are allowing anyone to claim 10% of their SELECT without any penalty (lack of lottery) for the first week. You will be able to withdraw the first 10% and still take a part in the lottery.
Once you reach the 100% mark of the vesting period without withdrawing any funds from 10.01% to 100% you will receive tickets in our lottery! Each of 2.000 SELECT will be count as 1 ticket in the lottery. The lottery will have a place within 3 days after end of vesting and will take a part all people who held their tokens until the vesting period ended. The prizes will be sent in $BUSD within 48 hours of the announcement of the results.
1st — $35.000
2nd — $15.000
3rd — $8.500
4th-10th — $2.000 /each
11th-25th — $1.000 / each
26th — 50th — $500 / each
Winners will be selected from 1st to 50th place. Winner is excluded from next lottery round, for example if a given address already wins (eg 1 out of 10 tickets from address X was randomly selected as number 1, its tickets will be dropped from the next lottery). We want everyone to have a chance to win. If # 2 has won 1 of 3 Z-address tickets, the remaining Z-address tickets will also be dropped of the lottery, and so on until the winner of # 50.
In addition, we have prepared a POS (APY 36,5%) on kanga.exchange for all interested investors. POS will be available from the first day of listing.
Proof-of-Stake (PoS) rewards are calculated and distributed daily at 12:00 AM (midnight) UTC.
Tokens can be deposited to or withdrawn from the PoS account at any time.
Deposited tokens are locked for 1 day (starting with the beginning of the next staking period).
Withdrawn tokens are locked for 5 days (starting with the beginning of the next staking period).
In order to count towards reward calculation, tokens must remain in the PoS account for the duration of the entire staking period (midnight to midnight UTC).
About Smart Electrum
Smart Electrum will be a blockchain-enabled auction hosting and trading platform with the aim of markets of making auction hosting, price comparison and online classified adverts more efficient.
There are many people which need our help in the whole world, it’s time to open a “new window to the world” for them! We will create a platform that will enable fundraising in cryptocurrencies.