What is Prostarter Lottery Ticket System and How it Works?

4 min readJun 5, 2021

What is Prostarter Lottery Ticket System and How it Works?

We at Prostarter always believe in bringing a transparent and professional IDO environment for every community member. We always listen to our community which is why we are here to explain our Prostarter Lottery ticket system and how it works.

What is the Prostarter Lottery Ticket System?

Aiming to provide transparent and fair IDOs on the Prostarter launchpad, we have brought the concept of a lottery ticket for all of you. Having one lottery ticket is like having one chance of getting selected in any project’s IDO. In simple words, having more lottery tickets will give you more chances to win in the IDO of any Project launching on the Prostarter launchpad.

How to Get a Lottery Ticket?

The team at Prostarter always makes sure to bring ease and convenience to our community at every step. In order to grab one lottery ticket, all you have to do is to lock your $PROT tokens for a specific number of days according to our Lottery Ticket Formula. Let’s have a short look at our lottery ticket formula along with examples and then proceed to further details.

According to formula, if you lock 2000 $PROT Tokens for 100 days then you will be able to grab one lottery ticket. As you can see in other examples of this ticket lottery formula, we have given fair opportunities to grab lottery tickets to both those who are locking few PROT tokens for many days and the ones locking many PROT tokens for just a few days.

So, if you want to have fair chances of selection in IDOs on the Prostarter launchpad, just buy your $PROT tokens today and lock them to have golden chances of winning in IDOs.

Where to Buy $PROT

In case, you lock a different amount of PROT tokens at two different timings then the system will accumulate all your total locked tokens to calculate your lottery tickets according to the formula.

For example, if you have locked 1000 tokens for 100 days and later you lock another 1000 tokens then all of your 2000 locked $PROT tokens will be considered to give you a lottery ticket as per formula.

Lottery Ticket for Pro Kings

As all of you know that Pro Kings will have one guaranteed allocation in every IDO and one has to lock 60,000 $PROT tokens for 100 days. Besides having one guaranteed allocation, PRO Kings will also have chances of selection in the IDO based on their lottery tickets. In short, it’s always a win-win situation for PRO Kings 👑🤩

Can I become a PRO King if I lock $PROT tokens at two different timings instead of locking 60,000 PROT at once? Well, if you lock 30,000 tokens one day and the next day you lock another 30,000 $PROT, our system will accumulate all of your locked $PROT funds, and you will become a PRO King if you meet the PRO Kings eligibility criteria of locking 60K $PROT for 100 days.

Important Things to Remember

All of your total $PROT tokens showing in your dashboard will be considered for locking.
No one will have more than 5 allocations in any IDO on Prostarter launchpad.
Value of Divisor (D) in Lottery Ticket Formula may vary from project to project so it is recommended to use our Lottery Ticket Calculator before you go for locking $PROT tokens for a ticket.
If one has 58.9 tickets, Prostarter system will consider it as 58 lottery tickets, not 59.
Total locked tokens should be at least 2000 otherwise tickets will not be considered for IDOs.
Users can lock their $PROT Tokens for up to a maximum of 300 days.

About Prostarter

Prostarter is a community-centric and cross-chain IDO launchpad offering projects fundraising, token sales, and many other opportunities for the Crypto community. Cross-chain IDOs, Live Whitelisting, and One Time KYC are some of the core features that make Prostarter a transparent launchpad platform. Furthermore, NFT Marketplace and NFT launchpad are the upcoming developments Prostarter team is working on to bring ride of excitement and creativity for digital artists.

Prostarter Social Channels

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