Introducing Merlin Magical Lottery!
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Are you ready to win BIG everyday?
We are excited to launch the Merlin Magical Lottery! This is one of many deflationary mechanisms we will be launching in the coming months. Our Merlin Magical Lottery gives everyone a chance to win the lottery every single day!
How does it work?
Lottery Ticket Fee for 1 ticket: 0.2 Merlin (This may be adjusted over time depending on Merlin price)
Single User Lottery Entry Limit: No overall limit, but only 50 can be bought each time
Paying for one ticket will give users a random 4 digit combination with each digit being between 1–14, e.g. “3–6–3–9”
How to win
To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their ticket in the exact same order as the 4 winning numbers.
There are many chances to win! As long as you match 2 or more numbers in the correct order, you are guaranteed to win a prize.
Winning Ratio
Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).
Match 3 numbers in the exact order = win or split 20% of the pot.
Match 2 numbers in the exact order = win or split 10% of the pot.
Burn the remaining 20% of the pot.
Please note — in the event that no participants were able to match 3 numbers on any draw, the 20% allocated to winners will then be burned accordingly.
For example, if the final 4 winning numbers are “1–9–3–2”
“2–3–9–1” = match 0
“1–9–3–2” = match all 4
“1–9–2–2” = match 3
“2–3–3–2” = match 2
“1–2–1–2” = match 2
Lottery phases
Each full lottery session is completed every 24 hours (1 round per day), with the timings for each as below:
2 PM UTC — 1 PM UTC
An example of a lottery session starting at 2 PM (UTC) is as below:
Phase 1 — Buy Tickets (2 PM to 1 PM UTC)
You have 23 hours to buy tickets.
The lottery jackpot will accumulate at the top of the page with each ticket bought.
Users will receive a ticket (comprised of 4 digits) for each 0.2 Merlin paid.
Phase 2 — Lottery Draw! (1 PM UTC)
The 4 winning lottery numbers are drawn and will appear on the page.
Each participant’s winnings will be automatically calculated based on their ticket numbers and shown on the page.
Users can claim winnings if they have any.
Users will also be able to see the lottery results: How many users matched all 4 numbers, 3 numbers, and 2 numbers.
Phase 3 — Celebration and Sharing (1 PM — 2 PM UTC)
If you won, congrats! Share with your friends or in our community groups.
The next lottery starts in 1 hour!
How are ticket numbers drawn
The lottery aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time.
The 1st lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the number of participating users at the entry deadline.
The 2nd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the total pooled Merlin balance at the entry deadline.
The 3rd lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the timestamp of the last lottery participant at the entry deadline.
The 4th lottery number will be determined based on the %10 remainders of a hash encoded by the blockhash and the block difficulty at the entry deadline.
What’s next?
Merlin Magical Lottery will be one of many deflationary games Merlin will sharing in the coming months. Stay tuned, the Merlin Team is working hard every day to introduce more features to you.
May the magic be with you — LET’S GET LUCKY 🤑
🤑
📣 Follow Merlin for the latest updates
Website: www.merlinlab.com
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Telegram Bounty Rewards Group: https://t.me/merlinbounty
Twitter: https://twitter.com/MerlinLab_
Recovery Pool cMERL — How it works
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cMERL and Who is Eligible
All MERL holders and stakers before 26 May 2021 10:29:54 AM +UTC will be eligible for cMERL. cMERL will be automatically staked in the Recovery Pool once the pool is live.
Recovery Pool — Explained
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Total Amount Paid: This is the accumulated value paid out to cMERL holders since the launch of the Recovery Pool. The amount is continuously added only after users have claimed the rewards.
Deposit: This is the 1:1 ratio of cMERL:MERL. This amount is automatically airdropped and staked for you into the cMERL pool as long as you were a MERL holder or staking prior to 26 May 2021 10:29:54 AM +UTC.
Rewards: This includes the amount of BNB and MERL you are currently accruing and not yet claimed. You will be able to claim and stake your rewards in our other pools as you go. This enables users to further gain rewards by staking their received MERLs into the MERL staking pool for higher APY.
Timer: The timer represents the amount of time left for cMERL to receive recovery funds. The cMERL pool will last for a total of 42 days from launch date.
Total Claimed: This is the accumulative dollar amount you have actually claimed. The dollar value is only a representation of the token value you have claimed using live token prices. As such it may vary to the dollar value of your rewards when you claimed.
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Road map :
Q1 2021:
* Complete DeFi model formation
* Complete Risk assessment model formation
* Complete strategic round raising
* Additional core developers hires
* Brand identity
* UI/UX design of the Merlin website
Q2 2021:
* Run prelaunch marketing activities such as Airdrop campaign and ambassador campaigns
* Complete development of Merlin smart contracts
* Complete development of Zap feature
* Deploy testnet for prelaunch checks
* Engage with audit firm — Hacken Cybersecurity
* Engage with audit firms — Certik and Haechi [Audit in progress]
* Complete audit with Hacken Cybersecurity
* Complete audit with Certik and Peckshield
* Deploy and amplify marketing activities
* Launch Merlin Bounty Rewards Program
* Engage with CEX’s for listing
* Complete public presale on Bounce
* Launch mainnet
* Enable more wallet integration (TrustWallet, MathWallet, Binance Chain Wallet, WalletConnect)
* Launch multi-language website
* Finalise UI/UX for Lottery
* Launch new single-asset deposit vaults (enable auto-compounding for ETH, BTCB, BNB)
* Add Merlin pools with more key token reward
* Add more auto-compounding LP
Q3 2021:
* Launch additional deflationary mechanics, begin burn contribution
* Complete development of lottery
* Launch lottery
* Open buyback and burn reserve
* Cross-chain
* Complete CEX listing process and prep for CEX listings
* Ongoing marketing and PR work to raise awareness
* Additional product releases
Website: https://www.merlinlab.com
Telegram Announcement: https://t.me/merlinannouncements
Telegram Community: https://t.me/merlinlab
Twitter: https://twitter.com/Merlinlab_
Reddit: https://reddit.com/r/MerlinLab
Medium: https://merlinlab.medium.com/