GEXAN - F.A.Q.

To select winning numbers Gexan lottery uses algorithm based on blockchain:

The winning numbers are random and not known in advance.

No one can influence the result of the draw, even the developers of Gexan.

How it works:

An hour before the end of the draw, the purchase of tickets stops.

We take first block of bitcoin blockchain after the time of the end of the draw.

Bitcoin block hash is not known in advance.

From the hash of the block we get the winning numbers.

Open algorithm code is published on GitHub.

Bitcoin block number is specified for each draw in “Draw archive”.

On this page you can check the compliance of the bitcoin block and numbers for any draw.

To participate in the lottery, you need to choose 4 numbers from 1 to 20 in your lottery ticket, or select the Random auto selection icon to allow the random number generator to choose the numbers for you.

The number of tickets that you can buy are 10 at a time .

Using automated software tools for buying tickets or filling them out is prohibited.

Ticket Purchase

As of the date of lottery launch, the price of one ticket is approximately USD $0.5 based on the average exchange rate to GEX on the day of ticket purchase.

The ticket price may be changed in the future.

Players pay for tickets in GEX using their cryptocurrency wallets.

This ensures that all payments are safe.

Players also have to pay for a small fee (a transaction fee for using the Gexan network).

The transactional costs of transferring lottery winnings are covered by the organizers.

Once purchased, tickets cannot be exchanged or returned.

Distribution of Funds

Funds collected from ticket sales for each drawing are distributed as follows:

85% goes to the Prize Pool for the current drawing;

10% is used to cover advertising, marketing and legal expenses or just burned for price stability;

5% owned by the development team.

Jackpot

33% of the Prize Pool (Category 4) are always rolled over to the jackpot pool for the following drawing.

The jackpot built up over the previous drawings is divided between the owners of the tickets with 4 matching numbers.

If there are no such tickets, the current jackpot is rolled over to the jackpot for the following drawing.

The 4x20 Gexan lottery has a minimum guaranteed Jackpot of USD 2500 in terms of the average exchange rate to Gexan as of the current date.

If the Jackpot won is less than the minimum guaranteed jackpot, the Reserve Fund will be used to compensate the difference.

After that, all the funds intended to build up the jackpot for the following drawings will be first used to replenish the Reserve Fund.

Initially, the Reserve Fund is funded from the amount of money collected for the Jackpot as well as funds contributed by the organizers.

Prize Pool

The Prize Pool for each drawing is calculated based on 85% of the ticket sales for that drawing.

It is distributed according to the following chart depending on how many numbers are matched.

Numbers matched

Prize Pool Distribution

4 match - Jackpot

3 match - 33% of the Prize Pool / The number of players who matched 3 numbers

2 match - 34% of the Prize Pool / The number of players who matched 2 numbers

In Categories 2, 3 the sum is divided by the number of winners in the category.

If there are no winners, the sum is rolled over to the Jackpot pool for the next drawing.

This means that the amount of winnings for matching 2, 3 numbers is calculated by the equation:

Ticket sales for one drawing * 0.85 * 0.33(0.34) / number of category winners

Frequency

Drawings are held every 2 hours.

The time of the current drawing is indicated on the lottery ticket.

Ticket sales end 1 hour before the drawing.

After that time, any tickets purchased will be played in the following drawing.

Payment of winnings

Gexan lottery does not act as a tax agent.

The responsibility to pay taxes lies with the owner of the cryptocurrency wallet to which the winnings were transferred.

Agreement

By participating in the lottery, you agree to the lottery rules.

By purchasing the lottery tickets, you guarantee that you are 18 years of age and/or you have reached the minimum age for legally participating in the lottery in your country of residence.

The 5/36 Lottery Rules

Numbers matched

Prize

5 match - Jackpot

4 match - 25% of the Prize Pool / The number of players who matched 4 numbers

3 match - 25% of the Prize Pool / The number of players who matched 3 numbers

2 match - 25% of the Prize Pool / The number of players who matched 2 numbers

Participation

To participate in the lottery, you need to choose 5 numbers from 1 to 36 in your lottery ticket, or select the Random auto selection icon to allow the random number generator to choose the numbers for you.

The number of tickets that you can buy are 10 at a time .

Using automated software tools for buying tickets or filling them out is prohibited.

Ticket Purchase

As of the date of lottery launch, the price of one ticket is approximately USD $0.5 based on the average exchange rate to GEX on the day of ticket purchase.

The ticket price may be changed in the future.

Players pay for tickets in GEX using their cryptocurrency wallets.

This ensures that all payments are safe.

Players also have to pay for a small fee (a transaction fee for using the Gexan network).

The transactional costs of transferring lottery winnings are covered by the organizers.

Once purchased, tickets cannot be exchanged or returned.

Distribution of Funds

Funds collected from ticket sales for each drawing are distributed as follows:

85% goes to the Prize Pool for the current drawing;

10% is used to cover advertising, marketing and legal expenses or just burned for price stability;

5% owned by the development team.

Jackpot

25% of the Prize Pool (Category 5) are always rolled over to the jackpot pool for the following drawing.

The jackpot built up over the previous drawings is divided between the owners of the tickets with 5 matching numbers.

If there are no such tickets, the current jackpot is rolled over to the jackpot for the following drawing.

The 5x36 Gexan lottery has a minimum guaranteed Jackpot of USD 15 000 in terms of the average exchange rate to Gexan as of the current date.

If the Jackpot won is less than the minimum guaranteed jackpot, the Reserve Fund will be used to compensate the difference.

After that, all the funds intended to build up the jackpot for the following drawings will be first used to replenish the Reserve Fund.

Initially, the Reserve Fund is funded from the amount of money collected for the Jackpot as well as funds contributed by the organizers.

Prize Pool

The Prize Pool for each drawing is calculated based on 85% of the ticket sales for that drawing.

It is distributed according to the following chart depending on how many numbers are matched.

Numbers matched

Prize Pool Distribution

5 match - 25%

4 match - 25%

3 match - 25%

2 match - 25%

In Categories 2, 3, 4, 5, the sum is divided by the number of winners in the category.

If there are no winners, the sum is rolled over to the Jackpot pool for the next drawing.

This means that the amount of winnings for matching 2, 3, 4, 5 numbers is calculated by the equation:

Ticket sales for one drawing * 0.85 * 0.25 / number of category winners

Frequency

Drawings are held every 24 hours.

The time of the current drawing is indicated on the lottery ticket.

Ticket sales end 1 hour before the drawing.

After that time, any tickets purchased will be played in the following drawing.

Payment of winnings

Gexan lottery does not act as a tax agent.

The responsibility to pay taxes lies with the owner of the cryptocurrency wallet to which the winnings were transferred.

Agreement

By participating in the lottery, you agree to the lottery rules.

By purchasing the lottery tickets, you guarantee that you are 18 years of age and/or you have reached the minimum age for legally participating in the lottery in your country of residence.

The 6/45 Lottery Rules

Numbers matched

Prize

6 match - Jackpot

5 match - 20% of the Prize Pool / The number of players who matched 5 numbers

4 match - 20% of the Prize Pool / The number of players who matched 4 numbers

3 match - 20% of the Prize Pool / The number of players who matched 3 numbers

2 match - 20% of the Prize Pool / The number of players who matched 2 numbers

Participation

To participate in the lottery, you need to choose 6 numbers from 1 to 45 in your lottery ticket, or select the Random auto selection icon to allow the random number generator to choose the numbers for you.

The number of tickets that you can buy are 10 at a time . Using automated software tools for buying tickets or filling them out is prohibited.

Ticket Purchase

As of the date of lottery launch, the price of one ticket is approximately USD $0.5 based on the average exchange rate to GEX on the day of ticket purchase.

The ticket price may be changed in the future.

Players pay for tickets in GEX using their cryptocurrency wallets.

This ensures that all payments are safe.

Players also have to pay for a small fee (a transaction fee for using the Gexan network).

The transactional costs of transferring lottery winnings are covered by the organizers.

Once purchased, tickets cannot be exchanged or returned.

Distribution of Funds

Funds collected from ticket sales for each drawing are distributed as follows:

85% goes to the Prize Pool for the current drawing;

10% is used to cover advertising, marketing and legal expenses or just burned for price stability;

5% owned by the development team.

Jackpot

20% of the Prize Pool (Category 6) are always rolled over to the jackpot pool for the following drawing.

The jackpot built up over the previous drawings is divided between the owners of the tickets with 4 matching numbers.

If there are no such tickets, the current jackpot is rolled over to the jackpot for the following drawing.

The 6x45 Gexan lottery has a minimum guaranteed Jackpot of USD 50 000 in terms of the average exchange rate to Gexan as of the current date.

If the Jackpot won is less than the minimum guaranteed jackpot, the Reserve Fund will be used to compensate the difference.

After that, all the funds intended to build up the jackpot for the following drawings will be first used to replenish the Reserve Fund.

Initially, the Reserve Fund is funded from the amount of money collected for the Jackpot as well as funds contributed by the organizers.

Prize Pool

The Prize Pool for each drawing is calculated based on 85% of the ticket sales for that drawing.

It is distributed according to the following chart depending on how many numbers are matched.

Numbers matched

Prize Pool Distribution

6 - 20%

5 - 20%

4 - 20%

3 - 20%

2 - 20%

In Categories 2, 3, 4, 5, 6 the sum is divided by the number of winners in the category.

If there are no winners, the sum is rolled over to the Jackpot pool for the next drawing.

This means that the amount of winnings for matching 2, 3, 4, 5, 6 numbers is calculated by the equation:

Ticket sales for one drawing * 0.85 * 0.2 / number of category winners

Frequency

Drawings are held every 12 hours.

The time of the current drawing is indicated on the lottery ticket.

Ticket sales end 1 hour before the drawing.

After that time, any tickets purchased will be played in the following drawing.

Payment of winnings

Gexan lottery does not act as a tax agent.

The responsibility to pay taxes lies with the owner of the cryptocurrency wallet to which the winnings were transferred.

Agreement

By participating in the lottery, you agree to the lottery rules.

By purchasing the lottery tickets, you guarantee that you are 18 years of age and/or you have reached the minimum age for legally participating in the lottery in your country of residence.

What is masternodes (mn)?

You can read a full description about masternode in many guides.

But in the short meaning – Masternode is local wallet raised on unique IP (vps, pc) to help the chain sync faster and provide instant-pay feature.

To setup it you must achieve fixed amount of coins (5000 GEX) and lock them at this wallet.

For providing a masternode you will have 40% of block reward, which will be split between all masternodes in the network

Why we use masternodes in GEXAN blockchain?

Masternodes in GEXAN network working as an additional synchronization post between all nodes in 24/7 mode.

Regarding the masternodes, transaction speed and level of their security drastically increases.

They are also working as an additional security point for smart-contracts and boost mechanism for payment display.

What benefits for masternode holders?

On top of technical meaning, each masternode installation will provide additional demand for GEX coins and decrease the total supply amount on the market. (because you must lock in 5000 coins inside your masternode to set it up)

Below we show you an average ROI% for masternode owners:

Masternode Investors ROI for HODL

10 MN 15 MN 30 MN 50 MN
210%
3364%
140%
2243%
70%
1121%
42%
673%
2102%
1261%
1402%
841%
701%
420%
420%
252%
841% 561% 280% 168%

As you can see the MOST PROFITABLE period will starts at 50 000+ block count and will decrease at 70 000.

It is about 14 days (each day Gexan network got ±1440 block distribution).

Even if you will have just 1 masternode it will be a HUGE and profitable investment starts from 673%.

ATTENTION!

Even if you have less then 5000 GEX you still can EARN PROFIT by simply having GEX coins at working local wallet.

It’s called a Proof-of-Stake system. (approx. minimal comfort amount for PoS – from 100 GEX)

Coins that are leaving on the Exchange wallets are not involved in PoS!

How to install masternode?

Every person could install GEXAN masternode in 3 simple steps.

1. Get 500 GEX coins. You can do that by joining our IEO (Initial Exchange Offering)

2. Download a local wallet for your OS.

3. Create new Gexan address (navigation menu > receiving addresses > new) inside local wallet

4. Send exact 5000 GEX to this new address. Get TXID

5. Next you will have 2 options:

- Use ONE-CLICK services to setup masternode

- Install it by yourself renting VPS server

For the 1st option use this platforms: Gentarium| Trittium | Midas For the second use our MN-setup guide and semi-automatic script