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 the benefits of owning a Major Jackpot NFT?

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Last updated 11 months ago

Owning a Major Jackpot NFT from ₿Millions has many benefits designed to enhance the lottery experience and offer significant advantages over traditional lottery systems. Here’s a detailed look at these benefits:

  1. Single Purchase, Continuous Play

  • Convenience: Once you purchase a Major Jackpot NFT ticket, you can participate in the lottery every day until the prize is won. This eliminates the need to buy a ticket for each draw, saving time and money.

  • Cost-Effectiveness: The one-time purchase model is far more economical than the ongoing costs of traditional lotteries, where you must purchase a new ticket for each draw.

  1. Exclusive Access to Lottery Rounds

  • Closed Rounds: With a Major Jackpot NFT ticket, you gain exclusive access to 'closed' rounds, where participation is limited to 11,111 holders. This significantly boosts your odds of winning by restricting the number of competitors.

  • Open Rounds: For open rounds, there is no cap on the number of participants, which allows the prize pool to grow significantly as more NFT tickets are sold, increasing the potential jackpot size while lowering the barrier to entry.

  1. Participation in Multiple Jackpot Categories

  • Minor Jackpots: Holders of an active Major Jackpot NFT are automatically eligible to participate in Minor Jackpots, funded by aftermarket sales of NFT tickets.

  • Loyalty Jackpots: Even after the Major Jackpot associated with their NFT has been won, holders are still eligible to participate in Loyalty Jackpots as long as they retain their NFT. These jackpots reward long-term loyalty and can offer various cash or item prizes.

  1. Influence Over Jackpot Odds

  • Voting Rights: After three months without a winner, NFT holders have the right to vote to reduce the difficulty of winning their jackpot, potentially halving the difficulty with each successful vote. This increases the chance of winning and adds value to the NFT as the odds improve.

  1. Enhanced Lottery Experience Through Blockchain

  • Transparency and Fairness: Blockchain technology ensures a transparent and fair drawing process, allowing all transactions and results to be verifiable and secure.

  • Winnings in Bitcoin: Major Jackpot prizes are paid in Bitcoin or wrapped Bitcoin, providing winners with a potentially lucrative payout that combines the thrill of lottery winnings with the benefits of cryptocurrency investment.

  1. Potential for Increased NFT Value

  • Appreciation Potential: As the odds of winning improve through the voting mechanism and as the NFT allows for continued participation in various jackpots, the value of the NFT could increase over time, making it a valuable asset not just for lottery participation but also as a tradable digital asset.

These benefits make owning a Major Jackpot NFT an attractive proposition. It combines traditional lotteries' excitement with modern blockchain technology's innovations and efficiencies, offering a more engaging, potentially rewarding, and user-friendly experience for lottery enthusiasts.