Argo Finance

Lottery FAQ

What if there are no winners?

If xARGO in the prize pools isn't won it doesn't go to waste! Unclaimed xARGO rolls over to the next Lottery round.
Of course, the 1% of every round continues to be sent to the instant unstake mechanism to be burnt (75%) and shared with xARGO pledgers (25%)

My ticket matches several numbers but I can't claim a prize

Tickets are only eligible for prizes if matching numbers from left to right consecutively. See the Argo Lottery for a thorough explanation.

How are prizes broken down between brackets?

Each bracket's prize pool is a portion of the total xARGO in each Lottery round.

Can I swap my tickets back to xARGO?

No, once purchased you will not be able to convert your ticket back to xARGO.

Can I sell my tickets anywhere?

No, once purchased you will not be able to sell your ticket

If I win, do I need to manually claim the prize?

Yes, you will need to click the Check Now button under "Are you a winner?" on the Lottery page.
Or you could manually check the rounds that you've participated in under "Your History"

How often is the lottery?

A lottery draw occurs every 48 hours.

What transaction fee will I pay for buying tickets?

Every ticket purchase you make will be one transaction. Purchasing a single ticket in a Lottery purchase will cost the normal amount of fees for a transaction.
However, buying more tickets in that purchase will increase the fee. Buying 100 tickets rather than 1 will not multiply the fee by 100, but may increase the fee amount by 5-6 times (though this varies).

How does the Argonauts discount work?

You enjoy ticket discounts on all tickets you purchase based on the number of Argonauts you hold in your wallet. What this means is that someone holding 10 Argonauts, they only pay:
200 * (100%- Discount ) = 200 * (100%-10%) = 180 xARGO for each ticket.

If I manually create two or more tickets with the same numbers and they win, am I eligible for prizes for each ticket?

Yes, each ticket is treated as a separate entry to the Lottery. Keep in mind that the prizes will not be 1:1 though, as each winning ticket you have dilutes each share of the bracket's total prizes.
Prizes are split on a per ticket basis, thus if there are 4 winning tickets in the match 2 prize bracket and you hold 2 of them, you win 50% of the match 2 prize pool.