Knight Ecosystem Lottery

Test your luck & see if you can win BIG

Welcome to the Knight Ecosystem Lottery! This guide will walk you through all the steps to get involved in the Lottery.

Table of Contents

1. Website
2. Lottery Rules and Regulations
3. When will the lottery happen?
4. Here’s how you win
5. How to start
6. Approve your KNIGHT
7. Deciding if you want to enter a round
8. How it works
9. Check to see winning numbers
10. How to view your tickets and collect your $KNIGHT if you’ve won
11. Viewing past draws
12. FAQs

Website

Here is the link for you to save

BNB Chain — KnightSwap

KnightSwap - A next evolution DeFi exchange on BNB Smart Chain (BSC)

Lottery Rules and Regulations

• Lottery Ticket Price: $5 USD in $KNIGHT
• Lottery Entry Limit: no max limit but tickets can only be bought in batches of up to 100 at a time.
• Each ticket will contain six digits between 0–9, generated randomly through Chainlink’s provably fair and tamper-proof VRF (Verifiable Random Function)
• Prizes are won when numbers on a ticket match (in order from left to right) the “winning numbers”
• The more numbers that match, the bigger the prize pool shared

Ticket Prices

Lottery ticket prices are set to ~$5 USD in $KNIGHT at the start of each new lottery round. In the event of sudden price fluctuations, ticket prices may vary slightly from $5 USD Buying multiple Lottery tickets at once to take advantage of bulk discounts! Discounts start as early as 2 tickets, scaling all the way up to 4.95% off at 100 tickets

When will the lottery happen?

Check the time remaining located near the top of the page

The lottery drawing will take place once a week, on Wednesdays at 2000 UTC.

Here’s how you win

Winning Formula

Numbers on a ticket must match the “winning numbers” in order, from left to right, to win a prize. Even matching just the first number wins you a prize! The more numbers you match, the larger the prize pool. If you match all 6 numbers on your ticket in the exact same order as the 6 winning numbers, you stand to win the lottery jackpot (40% of the entire lottery pool)

Each prize pool is split amongst all tickets that had the required matched numbers for that pool. For example, if two tickets matched all 6 winning numbers, each ticket holder would win 20% of the total lottery pool (half of the 40% allocated to the jackpot prize pool).

For example, if the final 6winning numbers are “2–3–4–5–6–7”

• “2–3–4–5–6–7” = match all numbers, 40% of the pot won, or split if more than 1 winner.
• “2–3–4–5–6–8” = match 5 numbers, 20% of the pot won, or split if more than 1 winner.
• “2–3–4–5–5–7” = match 4 numbers, 10% of the pot won, or split if more than 1 winner.
• “2–3–4–4–4–4” = match 3, 5% of the pot won, or split if more than 1 winner.
• “2–3–3–4–4–4” = match 2, 3% of the pot won, or split if more than 1 winner.
• “2–7–3–0–6–7” = match 1, 2% of the pot won, or split if more than 1 winner- no prize
• “0–2–3–4–5–6” = match 0, no prize
• “1–3–4–5–6–7” = match 0, no prize

How to start

Be sure to have your wallet connected to the dApp. If you need help please see the KNIGHT gitboo

If you are on the wrong network or don’t have your wallet connected then you will see the below screen.

Approve your $KNIGHT

Pay the transaction fee to approve by pressing “confirm” in your wallet pop-up.

The Lottery Prize Pool

The prizes for the lottery pools come from the $KNIGHT that players used to pay for their lottery tickets. 100% of ticket sales go directly into the total prize pot!

To make the pot even sweeter, KnightSwap injects ~$500 USD in $KNIGHT each week from our own treasury.

Whenever a lottery jackpot (or any other prize pool) isn’t won, the remaining $KNIGHT from prize pools that haven’t been won will be carried over to the next round’s total prize pool; the longer it has been since someone has won the jackpot, the larger the lottery prize pool will be.

Near the top of the page, you’ll be able to see the total pot that is eligible to be won, as well as the corresponding prizes for the number of matches to the right.

With each lotto round, 20% of the total prize pot is reserved to be sent to the burn address. This will only occur if a prize has been won for the round. If no one wins, the $KNIGHT will be carried over to the following round. These weekly burns are just one of the first of many ways Knight Ecosystem is working toward a deflationary $KNIGHT and continuing to provide reliable and sustainable yields!

Check to see winning numbers

This can be found toward the middle of the page.

Keep in mind that in order to win, you must also match the order of the winning numbers.

Viewing past draws

You can view the history of all the previous Lotto draws by typing in the desired round #, or clicking “your history” to see rounds you participated in.

In the above this example, round 5 was chosen and you can see the stats for the 5th draw.

FAQs

1. What happens with the prize if there is no winner? For every prize category that has no winner, 100% will get automatically rolled over to the following lottery draw.
2. I have numbers on my ticket that matches the lottery draw. Why am I not a winner? The matching numbers must match in the same order, from left to right, to win. See the Winning Formula section above for detailed explanations and examples. If there is still an issue with claiming prizes after double-checking the winning numbers match appropriately, please get in contact with us in our Discord.
3. What’s the max number of tickets I can buy for the lottery? There is no maximum, you can buy as many lottery tickets as you want!

Good luck!

DISCLAIMER: These articles are for educational purposes only. Nothing in this article should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial investment