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. Types of Jackpots

What are Mini Jackpots, and how can I participate?

PreviousWhat are Minor Jackpots, and how can I participate?NextWhat are Sponsored Jackpots, and how can I qualify for them?

Last updated 11 months ago

Mini Jackpots, or "Mini Pots" as they are referred to on the ₿Millions platform, offer participants daily opportunities to win more minor yet significant prizes. Here's an overview of what Mini Jackpots are and how you can participate:

Source of Mini Jackpots:

  • Token-Driven Funding: Mini Jackpots are funded through a tax mechanism associated with the ₿Millions token ($BMIL). Specifically, 1% of every buy and sell transaction involving the token is allocated to the Mini Pots. This creates a self-sustaining funding model that continuously feeds the jackpot pools.

  • Continuous Pot Creation: Each Mini Pot grows until it reaches approximately $20,000 in value. Once this value is achieved, the smart contract automatically fills a new pot. This process repeats indefinitely, ensuring a perpetual supply of Mini Pots.

Participating in Mini Jackpots:

First Pot Participation for Free: All users who sign up on the ₿Millions platform can participate in the first $20k Mini Pot for free daily. To enter, users need to:

  • Register on the ₿Millions platform.

  • Navigate to the Mini Pot jackpot section.

  • Enter your chosen six numbers, or use the Randomiser.

  • Here you can select how many days to have your numbers automatically re-entered into the next draw. This function requires spending the $BMIL token.

  • Submit your entry, which is recorded and verified on-chain, a TX link is provided.

Gas Fees Sponsored by ₿Millions: ₿Millions sponsors the gas fees for these transactions, so participants do not have to pay gas each time they play. This removes a common barrier associated with blockchain transactions, making daily participation hassle-free.

Unlocking Additional Mini Pots:

  • Role of $BMIL Tokens: Users must hold $BMIL tokens to access more than the first free Mini Pot. The number of Mini Pots you can play for each day increases with the number of tokens you hold. This incentivises purchasing and retaining $BMIL tokens, directly correlating to greater winning opportunities.

  • Scalability of Participation: The more $BMIL tokens a user holds, the more Mini Pots they can participate in, enhancing their daily chances of winning multiple jackpots.

By integrating tokenomics with the gameplay, Mini Pots on the ₿Millions platform foster active and continuous participation and enhance the value and utility of the $BMIL tokens. This innovative approach ensures players have regular chances to win while supporting the ecosystem's growth and sustainability.