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 benefits do 'Holder Only' and 'Loyalty' jackpots offer?

Holder Only Jackpots:

Exclusive Access

'Holder Only' jackpots refer to the Minor Jackpots on the ₿Millions platform. These jackpots are exclusive to those who hold a Major Jackpot NFT. Owning such an NFT allows participation in the Major Jackpots and grants access to these additional prize opportunities.

Funding from Aftermarket Sales

The prize pools for Holder Only jackpots are continually replenished through royalties and profits generated from the aftermarket sales of NFTs. This creates a sustainable and ever-growing fund that increases the value of holding a Major Jackpot NFT.

Eligibility

As long as you retain ownership of the Major Jackpot NFT, you remain eligible to participate in these Minor Jackpots, providing ongoing opportunities to win without additional purchases.


Loyalty Jackpots:

Reward for Community Engagement

Loyalty jackpots are designed to reward members of the community who are particularly active or have shown loyalty to the platform. Unlike Holder Only jackpots, these do not necessarily derive funding from aftermarket sales.

Varied Prizes

The prizes for Loyalty jackpots can include a variety of rewards, which may be ad-hoc and tailored to acknowledge the dedication of loyal community members. These prizes might consist of cash rewards, physical items, or other valuable gifts selected by the team to express appreciation for community involvement.

Exclusive Opportunities

These jackpots incentivise users to engage more deeply with the ₿Millions community, fostering a sense of belonging and rewarding users for their commitment.

Both 'Holder Only' and 'Loyalty' jackpots enhance the overall value proposition for participants in the ₿Millions ecosystem. By offering these specialised jackpots, ₿Millions not only incentivises the purchase and holding of NFTs but also encourages ongoing engagement and loyalty among its user base, thereby creating a more vibrant and active community.

PreviousWhat are Sponsored Jackpots, and how can I qualify for them?NextWhat is the $BMIL token used for in the ₿Millions ecosystem?

Last updated 1 year ago