Weekly Raffle
The prize pool consists of 80% of the total ticket purchases. Ten unique winners (wallets) share the pool equally.Example:
1 ticket = 1 (MITO)
10,000 tickets purchased → Prize pool = (10,000 (MITO) × 80%) = 8,000 (MITO)
Each of the 10 winning tickets claims 800 (MITO).
Monthly Raffle
The prize pool is 2% of all tickets purchased in unique “Weekly Raffles” during the monthly schedule. One eligible wallet wins the entire pool.Example:
1 ticket = 1 ‘MITO’
Total = 10,000 tickets → Prize pool = (10,000 ‘MITO’ × 2%) = 200 ‘MITO’
One winning ticket claims 200 ‘MITO’.
Yearly Raffle
The yearly Raffle prize pool accumulates from Weekly Raffle ticke sales. Each time a Weekly Raffle ticket is purchased for 1 MITO, 2% of that MITO is allocated to the Yearly Raffle prize pool. One lucky wallet wins the entire accumulated. Example- Weekly ticket price 1 MITO
- Average weekly ticket sales: 2500 Tickets
- Total tickets sold in a year: 2500 x 52 = 130,000 Tickets
- Total MITO collected: 130,000 MITO
- Yearly Raffle prize pool: 130,000 x 2% = 2,600 MITO
- Winner takes all: 2,600 MITO