Draws & prizesPlanned
The prize is only part of the story.
Prize draws are a future idea for Limivo. Any future draw must make its funding, chance of winning and settlement understandable.
A funded prize
A sponsored draw could use a committed campaign budget. A ticket-funded lottery would need its own eligibility and accounting model. Neither has been selected.
Savings-linked alternatives
Some protocols award pooled yield as prizes. Depositors still bear asset, smart-contract and yield-provider risks, even when the entry model is described as no-loss.
Rules before entries
Publish the prize asset, funding, entry window, eligibility, selection method, claim process and cancellation rules before accepting participants.
The details that matter
- Prize source
- Not selected or funded. A displayed future concept is not an existing jackpot.
- Risk and cost
- Depend on the chosen sponsored, ticket-funded or yield-funded model. Winning is never guaranteed.
- Redemption
- Prize asset, transferability, redemption and service eligibility must be defined before launch.
The next milestone
Next milestone: choose a digital-only prize mechanism and commit its budget and eligibility rules. Large prizes require actual funding evidence.