🦝Jackpots

Everyworld uses regularly-scheduled jackpot 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 Jackpots.

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 jackpot drawings at regular, pre-announced intervals. Entrants in the jackpot drawings will consist of users who have earned Seeds through engagement with Everyworld and affiliate products, holders of $EVERY token, and entries received using alternative means of entry, as required by law in the various jurisdictions where the jackpot drawings can be legally held.

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

The payout will consist of a number of $EVERY tokens equal to the total number of Tickets entered into the Jackpot. 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 Tickets is less than 10,000 for a given period, the Jackpot for that period may be postponed and Tickets will be pushed to the next scheduled Jackpot. 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 Jackpot, Everyworld will use an on-chain randomizer to produce a provably fair and randomly selected winner, which can be verified leveraging blockchain technology.