SHFL Lottery
Last updated
Last updated
Shuffle is now launching an innovative new product that changes how lotteries work forever.
Shuffle is introducing the SHFL Lottery, powered by SHFL. By staking SHFL, you perpetually have a chance to win prizes week to week in the most exciting lottery to date. Lotteries have consistently underperformed in crypto for a multitude of reasons:
Small jackpots with small payouts
Built on unsustainable yield
And most importantly, not exciting.
Despite being the most popular gaming product in the world, lotteries have completely missed the mark in crypto and online gaming. The Lottery will be powered by SHFL, the best wager asset in the world. The lottery changes how the tokenomics work for SHFL and adapts SHFL from a wager asset to a wager and staking asset.
SHFL will become the golden ticket to winning big.
The SHFL Lottery is launching this week, powered by the SHFL token
The format will be a weekly powerball, with 5 balls and 1 powerball
Users can stake their SHFL for free and potentially win USDC prizes each week
The SHFL lottery will have a small increase for Airdrop 2 rewards
The lottery is provably fair and 100% RTP
The more you stake, the higher your odds
A 1,000,000 USD prize pool for the first week
SHFL will be the cornerstone of the Lottery. Each week that SHFL is staked in the Lottery, it will be entered automatically with the same numbers you chose. By staking SHFL, you are entered into the lottery draw each week for free. Once you stake your SHFL, you are entered into all future lottos in perpetuity, until you unstake.
Each week staking is open for the lotto. A user can select their lucky numbers and stake in the lotto anytime before the weekly lotto begins to calculate the prize. The lotto uses a provably fair system built on the Bitcoin blockchain. Depending on the numbers picked, a user can win up to 40% of the total prize pool for a jackpot, where all numbers and powerball match. If a prize is not won, it gets jackpotted to the following week in the same prize tier. This means that the Jackpot is likely be a significant part of the prize pool by the time it is hit. Please note, that lottery staking is not wagering as the SHFL Lottery is 100% RTP.
Staking is available at anytime. This means you can stake up until 1 second before the lotto closes if you get your numbers in quick enough. Those tickets you selected with your staked SHFL will be entered into the lotto until you unstake them. If you choose to unstake, your tickets in the upcoming lottery will be forfeited and the SHFL staked in the lottery will be returned to you after the conclusion of the weekly lottery. You will not be able to receive your SHFL until after the conclusion of the current lotto if you choose to unstake. So how does this work in practice?
Example 1: Cam stakes 100 SHFL for 2 tickets one hour before the upcoming draw closes. He unstakes 10 minutes before the lottery draw closes. Cam unstaked before the lotto concluded, so none of his tickets were entered into the lottery and he will receive his SHFL after the lottery is concluded.
Example 2: Tommy staked 200 SHFL for 4 tickets on Monday, in anticipation for entries to be closed on Friday. On Friday, Tommy is entered into the lotto with 4 tickets. Example 3: Ishan staked 1,000 SHFL 10 minutes before the draw for 20 tickets. On Friday, Ishan is entered with 50 tickets. 1 hour after the lotto concludes, Ishan chooses to unstake his SHFL. Ishan will receive his SHFL after the upcoming lotto and his current tickets will not be entered into the upcoming draw. Ishan can cancel his unstake at any point during the week and reenter into the lottery with their tickets.
This creates a maximum possible penalty of 1 week to receive your staked SHFL back. Once you select unstake, your tickets get entered into a pending state until the conclusion of the upcoming lottery. In this state, your tickets will not be eligible for the current lotto.
The best way to play the SHFL Lottery is to stake your SHFL for the long term and build up your SHFL balance for more chances to win prizes.
SHFL is concluding its 15% non-SHFL NGR buyback, in favour of fueling the lottery prize pool. The 30% SHFL NGR will remain and continue to burn away at the circulating supply of SHFL. The SHFL Foundation will no longer buyback on market week to week, but will continue the SHFL NGR burn. The 15% of non-SHFL NGR is added to the prize pool in the same split as the original prize tiers. For example: Assuming a beginning prize pool of If $1,000,000 of NGR is added to the prize pool, 40% of that would go to the Jackpot tier making the Jackpot for that week $400,000. If a previous week had a jackpot of $400,000, and that prize was jackpotted, the total jackpot prize would be $800,000. This means that SHFL that was previously on chain will have to stake to see the benefits of SHFL.
SHFL is entering a brand new world of tokenomics, and the lottery is the beginning of that new world. By having both staking and buyback and burn mechanisms, SHFL now has a completely unique model. The prize pool of the lottery pushes SHFL to be staked in the short term. In the long term, the circulating supply shrinks via the SHFL NGR Burn, creating a unique supply situation where both current float and future float are constrained. This creates a best of both worlds phenomenon for SHFL and pressure on both the short and long tail token supply.
In the first iteration of the lottery, the prize pool remains locked at the previous weeks prize pool plus the weekly non-SHFL NGR. The initial prize pool will be seeded with 1,000,000 USD. Initially, SHFL will be the only asset that can be staked in the lottery. This creates the initial staking model for SHFL, which is described visually in the graph below.
Initially, the only way to play the SHFL Lottery will be by staking SHFL. In the future, every deposit currency on Shuffle will be able to play the lottery in the form of Single Tickets. Single Tickets will directly add to the lottery prize pool, allowing for the lotto to become reflexive as more tickets are purchased with non-SHFL assets. Single Tickets, unlike SHFL, will be only be valid for the current lotto rather than perpetually staked like SHFL. This ensures that SHFL is always the best way to play and win the lottery. With the introduction of Single Tickets, the model for the Lottery changes and becomes even more exciting week to week.
This model creates an effect we see in a traditional lottery, where as the prize pool grows, word of mouth spreads and the prize pool gets added to with new Single Ticket purchases.
The SHFL Lottery is a good way to get an edge for Airdrop 2, coming December 14th. Staking SHFL in the lottery will give you a great boost to your Airdrop 2 rewards. Wagering in SHFL will still be the most impactful.
Enter the number of tickets
Enter the amount of tickets you want to stake in the lottery, each ticket is 50 SHFL, and the minimum you can stake is 1 ticket. If you don't have SHFL, you have the option of either purchasing it or converting to it onsite.
Choose numbers
Choose your lucky numbers. 5 normal numbers between 1-55 and 1 powerball number 1-18.
Stake SHFL
Confirm your staked amount and get locked into the weekly lottery.
Win prizes each week
Come back after each draw conclusion to see if you’ve won!
You can win by matching your ticket numbers with the pulled numbers week to week. Depending on the number of matching numbers, you can win different prizes. If multiple users win the same prize, that prize is split amongst them. If no user wins a prize, that prize is jackpotted to the next week and added to that prize pool.
This table gives a historical look at the SHFL Lottery. Each week, this table will be updated.
Oct 18th 2024, Draw 1
$1,000,000
$540,000
$100,000
Oct 25th 2024, Draw 2
$640,000
$594,000
$156,935
November 1st 2024, Draw 3
$750,935
$502,774
$147,382
November 8th 2024, Draw 4
$650,156
$582,360
$152,165
November 15th 2024, Draw 5
$734,525
$664,529
$193,520
November 22nd 2024, Draw 6
$858,049
$700,000
$204,741
November 29th 2024, Draw 7
$904,742
$810,561
$252,114
December 6th 2024, Draw 8
$1,062,675
$946,702.5
$167,138
December 13th 2024, Draw 9
$1,113,841
$949,598.00
$359,615.42
What is the SHFL Lottery?
A weekly, provably fair lottery powered by SHFL tokens, offering perpetual chances to win USDC prizes by staking SHFL.
How do I participate?
Stake your SHFL tokens and choose your lucky numbers. Once staked, you’re automatically entered each week.
Why do I need SHFL to participate?
SHFL is the utility token of the Shuffle platform. Staking SHFL grants you free, perpetual entries into the lottery.
How much SHFL is required?
Each ticket costs 50 SHFL, with a minimum of 1 ticket needed to participate.
Can I change my numbers after staking?
Numbers are locked in upon staking. To change them, unstake (forfeiting current entries) and restake with new numbers.
When can I stake and unstake?
Anytime. However, unstaking before entries close forfeits your tickets for that draw.
What happens if I unstake before the draw?
Your tickets are forfeited, and your SHFL tokens are returned after the lottery concludes.
How are winning numbers drawn?
Using a provably fair system combining the Bitcoin Block Hash and our Server Seed.
Is the lottery fair? How can I verify?
Absolutely. Verify fairness by checking the Block Number, Bitcoin Hash, Server Seed, and CSV Hash after each draw.
How are prizes distributed?
Based on the number of matching numbers. The jackpot is 40% of the prize pool. Prizes are split if multiple winners exist, and unclaimed prizes roll over to the next week.
What does 100% RTP mean?
All funds in the prize pool are returned to players as prizes. Entry into the lottery is costless.
What’s changing with SHFL tokenomics?
We’re reallocating the 15% non-SHFL gaming revenue from buybacks to fuel the lottery prize pool, enhancing SHFL’s utility.
How does staking SHFL benefit me?
You gain perpetual, cost-free entries into the weekly lottery and the chance to win USDC prizes.
Can I participate without SHFL?
Initially, no. But we’ll introduce single ticket purchases with other currencies in future updates.
When will single tickets be available?
Stay tuned for upcoming announcements!
How does this affect Airdrop 2?
Participating in the lottery offers a slight increase to your Airdrop 2 allocation.
How is the prize pool funded?
Through the reallocated 15% non-SHFL gaming revenue and, in the future, single ticket sales.
Can I see past draws and winners?
Yes! A history of past draws, winning numbers, and prize distributions will be available for transparency.
The SHFL Lottery is provably fair. The lottery draw is determined by Block Number, BTC hash and the server seed. To ensure that the lottery has not been cheated by ticket stuffing, we supply a downloadable CSV prior to draw concluding and a CSV hash to ensure that the number of tickets did not change from the time entries closed to the time the winner is picked.
To see how to verify the lottery, please see our provably fair docs.
The Block Number refers to a specific block in the Bitcoin blockchain. Each block in the blockchain is sequentially numbered, starting from zero (the genesis block).
We use the Bitcoin Block number and Bitcoin Hash as a source of randomness for the lottery. By providing both the Block Number and the Hash we can have an unbiased source of randomness
The Bitcoin Hash is the cryptographic hash (specifically, the SHA-256 hash) of the Bitcoin block specified by the Block Number. It is a 64-character hexadecimal string that uniquely identifies the block.
The Bitcoin Hash is combined with the Server Seed to create a final seed used for the random number generator. Because the hash cannot be known before the block is mined, it ensures that the lottery results cannot be predicted or influenced in advance.
The CSV Hash is the SHA-256 cryptographic hash of the CSV file containing all the lottery participants or entries. It is a digital fingerprint of the file’s contents.
The CSV Hash ensures that the list of participants is not altered after the hash is published. Any change in the CSV file would result in a different hash. Users can download the CSV file, compute its SHA-256 hash, and compare it with the provided CSV Hash to ensure the participant list hasn’t been tampered with.
The Server Seed is a secret random value generated by the lottery provider before the lottery draw. It is typically a long hexadecimal string.
Users can use the Server Seed along with the Bitcoin Hash to independently generate the lottery results.
The Server Seed (hashed) is the SHA-256 hash of the Server Seed. It is published before the lottery draw takes place. Publishing the hashed Server Seed before the draw acts as a commitment to a specific Server Seed without revealing it. After the draw, users can hash the revealed Server Seed and compare it to the pre-published hashed Server Seed to confirm they match.
