Glow
  • Introduction
  • Guide To Glow Docs
  • Glow dApps
    • Glow Lotto
      • Overview
      • Deposits, Withdrawals, & Ticket Assignment
      • The Lottery Drawing
      • Prize Details
      • Sponsors
    • Glow Creators
    • Glow Starters
    • And More To Come
  • Ecosystem
    • Glow Token (GLOW)
    • Glow Ecosystem Fund
    • Build on Glow SDK
    • Press Kit & Branding Assets
  • Tutorials
    • Glow Lotto Short Explainer
    • Getting a Terra Wallet
    • Getting UST/LUNA
    • Buy $GLOW
    • Claim your $GLOW airdrop
    • Become a liquidity provider
    • Earn LP rewards
    • Stake your $GLOW
    • Lotto Deposits & Withdrawals
    • Claim a Lotto Prize
  • Governance
    • Governance Model
    • Proposals & Voting
    • Protocol Parameters
    • Glow Lotto Parameters
  • FAQ
    • General FAQ
    • Glow Token FAQ
    • Lotto FAQ
    • Security FAQ
  • Smart Contracts
    • Architecture
    • Contract Interfaces
    • Deployed Contracts
    • Randomness
  • Security
    • Audits & Security
    • Risks
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  1. Tutorials

Glow Lotto Short Explainer

PreviousPress Kit & Branding AssetsNextGetting a Terra Wallet

Last updated 3 years ago

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Glow Lotto is a net-win Lottery where you deposit UST to get free tickets for a chance to win the weekly jackpot and on top, you'll accrual interest.

With Glow Lotto you'll receive interest on your UST deposit and free Lottery tickets for a chance to win the weekly jackpot. It's a no-loss service where you can withdraw your initial deposit plus accrued interest if you do not want to participate in the lottery anymore.

Graphic Idea

Show the process as an infographics

The full process as of now

  • Deposit at least 25 UST (= 1 Ticket)

  • Receive Ticket + Accrue Interest at the same time (5% APR)

    • Optionally: Refresh ticket distribution (totally or partially)

  • Lottery numbers are drawn once per week

  • Claim Prizes on ticket winning - it happens instantly

  • No Loss withdraw: Request withdrawal UST, lose the respective amount of Tickets

    • Info: Subject to 7 day lockup period for withdrawal requests. After 7 days user needs to claim

  • Instant withdrawal: Request instant withdrawal UST (a 5% fee will apply) and lose the respective amount of tickets.