Business 10 January 2019Erik Gibbs
CryptoSlots to hold first $10,000 lottery next month
According to a press release, CryptoSlots is ready to roll out its new $10,000+ Lotto. The lottery will be a monthly offering and the first winners will be able to collect their prizes on February 1. That will also be the date that the second lottery will begin and players can earn free tickets for the Lotto by playing slots and video poker games at the cryptocurrency casino’s online portal.
The first prize will be at least $10,000, 5,000 for second-place and $1,000 for third. After that, seven players will be able to pick up $50 and 50 tokens to be used at the site’s exclusive $1,000,000 Jackpot Trigger game. Ten additional players will earn $25 and 25 tokens for the game. Jackpot Trigger is played using tokens that players earn while playing other games.
According to CryptoSlots manager Michael Hilary, “There are 20 winners with a progressive top prize. $10,000 is just the minimum guaranteed first prize. It will increase over the month – who knows how high it will go?!”
Players can earn one Lotto ticket every day that they wager $100 or more. The tickets are accumulated from the first day of the month to the last and players can verify their ticket count at any time. In order to qualify for the lottery, players must deposit a minimum of $100 at least three times in the given month.
CryptoSlots operates on digital currency only. Users can make deposits in Bitcoin Core (BTC), Bitcoin BCH or Litecoin (LTC) and all winnings are also paid out in crypto. The deposits are converted to U.S. dollars for playing games and transaction fees, because the site runs on crypto, are much lower than many other online gambling options. The site offers 34 “provably fair” video poker games and slot machines and its $1-million jackpot game.
From January 14-20, the site will offer an introductory bonus to boost participation in the lottery. There will be a 50% deposit bonus (with a $100 cap) for deposits of between $25 and $200 during that window. New users must use the bonus code “NEWLOTTO” to take advantage of the promotion and it can be claimed once a day.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
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