No-Loss Pot FAQ
How much does it cost to participate in the No-Loss Pot?
Participating in yAI.Finance's no-lost pot is free of charge. Participants have to pay only the deposit, reward claiming, and withdrawal fees.
Please note that yAI.Finance will use 10% of the accumulated rewards to cover operational fees. The remaining 90% is distributed to the winners.
How is a winning probability calculated?
Essentially, one’s winning probability depends the following parameters:
Amount of deposit funds: the more tokens you deposit into a pot, the higher chance you will get. However, there are minimum and maximum thresholds for the amount. For the first ORAI pot, the thresholds are 100 and 100,000 tokens, respectively.
Timestamp: the earlier you deposit your tokens into the pot, the higher probability you have in your favor.
History: if you don’t win a round, don’t get discouraged. Your “unlucky” history will increase your winning probability in the current round (and the next …). Cheers! 😄
Some notes
Oraichain will provide 10,000 ORAI to the ORAI pot to increase the accumulated rewards for the pot. But Oraichain won’t take any of these rewards.
Neither Oraichain nor its team members are allowed to become the winner of the no-loss pot.
How to be determine a No-Loss Pot winner?
Each participant has his own winning chance (also known as Weightage) comprising of three aforementioned parameters. Understand the mechanism of determining a winner with the photo below:
The underlying mechanism of how to get a random number for No-Loss Pot
yAI.Finance's No-Loss Pot, for the time being, takes Oraichain as a trust-worthy and reliable source to import the random value. This value will later be processed by a total of 4 hash functions and 5 different parameters to ensure that the random number cannot be manipulated in any possible way.
We value the fairness and transparency of No-Loss Pot. As to the process of generating a random number, details will be made public on the Oraichain's network, such as the random number stored onto the blockchain or the number set on the pot.
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