BMillions FAQ
  • What is BMillions?
  • Getting Started
    • What are the eligibility requirements to participate in ₿Millions jackpots?
    • How do I purchase an NFT ticket, and what payment methods are accepted?
  • Types of Jackpots
    • What are the benefits of owning a Major Jackpot NFT?
    • What are Minor Jackpots, and how can I participate?
    • What are Mini Jackpots, and how can I participate?
    • What are Sponsored Jackpots, and how can I qualify for them?
    • What benefits do 'Holder Only' and 'Loyalty' jackpots offer?
  • Token Utilization and Benefits
    • What is the $BMIL token used for in the ₿Millions ecosystem?
    • How can I stake $BMIL tokens, and what are the benefits of staking?
  • Security and Fairness
    • What measures are in place to ensure the fairness of NFT ticket distributions?
    • What security measures are in place to protect players and their investments?
  • Voting and Jackpot Adjustments
    • What is the DAO Difficulty Reduction Protocol, and how does it affect players?
  • Jackpot Management
    • What happens if a jackpot is not claimed?
    • How are tokens distributed, and what does spending tokens mean for players?
    • How do aftermarket sales of NFT tickets contribute to the jackpot pools?
  • NFT Management
    • Can I sell or transfer my NFT ticket after purchase?
    • What happens to my Major Jackpot NFT after the jackpot is won?
  • Future Developments
    • What future developments are planned for ₿Millions?
  • Official Links
    • Official Links
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  1. Jackpot Management

What happens if a jackpot is not claimed?

If after a winner is drawn and a ₿Millions jackpot is not claimed within the specified timeframe, the following procedures are put into place to handle the unclaimed funds:

  1. Initial Split of the Unclaimed Jackpot

  • If a jackpot remains unclaimed after three months, the total amount is divided in half. The first half of the jackpot remains available for the original winner to claim for an additional three months.

  1. Second Chance Draw

  • The second half of the unclaimed jackpot is allocated for a second-chance draw. This draw is conducted on-chain using a Verifiable Random Function (VRF) to ensure transparency and fairness. The winner is publicly announced and has three months to claim their prize.

  1. Disposition of Unclaimed Funds

  • First Half: If the first half of the jackpot remains unclaimed after the extended three-month period, this portion of the jackpot is donated to a charity. The donation process is conducted publicly to maintain transparency.

  • Second Half: If the second half of the jackpot, allocated to the second chance draw, is not claimed within its respective three-month period, these funds are redistributed into mini pots and minor jackpots, thus enhancing future games and providing more opportunities for other players to win.

These measures ensure that the unclaimed funds are used responsibly, giving another participant a chance to win, supporting charitable causes, or reinvesting in the lottery ecosystem to maintain participant engagement and excitement.

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Last updated 11 months ago