🦝Drawings

Everyworld uses regularly-scheduled Drawings to incentivize engagement with the discovery protocol by offering users the chance to win a payout of $EVERY tokens. The token drawings model is beneficial for Everyworld for the following reasons:

  • Attract Attention: The possibility of winning a payout captures the attention of potential users.

  • Limited-Time Offers: Drawings occur on a predetermined date, creating a sense of urgency.

  • Engagement and Loyalty: Users who participate in Drawings often feel more connected to the community, which can lead to increased customer loyalty.

  • Winner Announcements: Announcing the winners publicly provides transparency and excitement around the Drawings.

This model aims to strike a balance between creating a compelling incentive for users through payouts and ensuring the promotion is fair, transparent, and complies with relevant laws and regulations governing such contests. Everyworld will hold Drawings at regular, pre-announced intervals. Entrants in the Drawings will consist of users who have earned points through engagement with Everyworld, holders of $EVERY token, and entries received using alternative means of entry, as required by law in the various jurisdictions where the Drawings can be legally held.

Holders of $EVERY can also receive entries into Drawings by connecting their wallet to Everyworld. $EVERY holders will receive one entry for each 50 $EVERY tokens held, up to the Maximum Entries Per User amount.

The payout will consist of a number of $EVERY tokens equal to the total number of entries. This ratio is subject to change based on a number of factors including the number of entries, the price of $EVERY in third-party markets, and the supply of $EVERY in the Everyworld Treasury. In the event that the total number of entries is less than 10,000 for a given period, the Drawing for that period may be postponed and entries will be pushed to the next scheduled Drawing. In order to ensure protocol stability, Everyworld may set a maximum number of tokens for each Payout based on the factors described above.

For each Drawing, Everyworld will use an on-chain randomizer to produce a provably fair and randomly selected winner, which can be verified leveraging blockchain technology.

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