An Open-Source Digital Store of Value, Peer-to-Peer , Proof-of-Stake with Decentralized Governance & Economy, Blockchain-Based & Cheat-Proof Lotteries and HODL Deposits & Rewards.
Lottery tickets can be bought with as little as 0.01 SWIFT. Winners will be picked randomly based on a future blockhash. Draws take place every 5,000 blocks – appx once a month, and each time 3 tickets win; the winning tickets can all belong to the same person, bought in just one transaction, as burning more coins is the only thing that results in higher chances. 80% of the coins spent to buy tickets will become the jackpot and will be distributed between the winners. The first winner will receive 60% of the jackpot, the second winner will receive 30% of the jackpot and the third winner will receive 10% of the jackpot. Buying tickets within 20 blocks before or after each draw will not enter any draw! The core wallet does not allow users to buy tickets within 40 blocks before or after each draw; twice the protocol limit.
15% of the coins spent on buying tickets will be given to SwiftCash Miners and SwiftNodes.
5% of the coins spent on buying tickets will burn in a deflationary fashion, just like transaction fees!