Prize Pool & Rewards
SELF App operates a promotional Prize Draw program where users earn entries through validator participation. This is combined with an Early Adopter program that rewards the first 100,000 users with lifetime bonuses.
Prize Draw System
Overview
Every SELF App user runs a validator that automatically votes on blocks every 60 seconds. Each vote = 1 entry into three simultaneous prize draws.
Key Points:
- ✅ No purchase necessary (free tier eligible)
- ✅ 1 vote = 1 entry (all users equal)
- ✅ Fully automated entry accumulation
- ✅ Winners selected via provably-fair blockchain randomness
- ✅ Queensland-compliant promotional game (Category 4)
Prize Structure
Current Prizes (Years 0-4):
| Prize Draw | Amount | Frequency | Draw Time |
|---|---|---|---|
| Daily | 5,000 SELF | Every 24 hours | 00:00 UTC |
| Weekly | 50,000 SELF | Every Sunday | 00:00 UTC |
| Monthly | 200,000 SELF | 1st of month | 00:00 UTC |
Halving Schedule
Prize amounts halve every 4 years to maintain long-term sustainability:
| Years | Daily | Weekly | Monthly | Annual Cost |
|---|---|---|---|---|
| 0-4 | 5,000 | 50,000 | 200,000 | 6.825M SELF |
| 4-8 | 2,500 | 25,000 | 100,000 | 3.413M SELF |
| 8-12 | 1,250 | 12,500 | 50,000 | 1.706M SELF |
| 12-16 | 625 | 6,250 | 25,000 | 0.853M SELF |
| 16-20 | 312 | 3,125 | 12,500 | 0.427M SELF |
How Entries Work
Automatic Entry Accumulation:
- Validators vote automatically every ~60 seconds
- Each vote earns 1 entry into current draw periods
- Entries reset after each drawing
- All users receive same entry rate (democratic)
Example:
- 100% uptime = 1,440 votes/day = 1,440 daily entries
- 95% uptime = 1,368 votes/day = 1,368 daily entries
- Missed votes = missed entries
Better uptime = more entries = better odds
Drawing Mechanics
Provably Fair Random Selection:
- Collect all entries for the period
- Use latest block hash as randomness source
- Generate random number:
hash(block_hash + draw_type) % total_entries - Select winning entry
- Identify winner by entry ownership
- Record winner with block hash proof
- Notify winner within 24 hours
All drawings are publicly verifiable on-chain.
Winner Notification & Prize Delivery
Notification:
- Winners notified via email and in-app notification
- Notification within 24 hours of draw
- Winner must confirm receipt within 7 days
Prize Delivery:
- Prizes credited to winner's SELF account within 7 days
- Pre-TGE prizes claimable after Token Generation Event
- Post-TGE prizes transferred immediately
Unclaimed Prizes:
- Winners have 3 months to claim
- Reasonable efforts made to contact winner
- Unclaimed prizes redrawn after 3 months
Early Adopter Program
First 100,000 Users Only
The first 100,000 users receive lifetime rewards in addition to prize draw entries:
Lifetime Bonuses:
- Subscriber Bonus: 100 SELF/month (Connect tier only)
- Referral Bonus: 100 SELF/month per verified referral
- Prize Draw Entries: Same as all users (1 vote = 1 entry)
After user #100,000:
- ❌ No subscriber bonuses
- ❌ No referral bonuses
- ✅ Prize draw entries continue (everyone eligible)
Referral System
How It Works:
- Share your unique invite code with friends
- When friend subscribes to Connect tier → Referral activated
- Earn 100 SELF/month as long as they stay subscribed
- Unlimited referrals allowed (first 100k users only)
Token Economics
Total Allocation
User Adoption Pool (70M SELF):
- Years 0-3: Early adopter bonuses (~18M SELF)
- Years 0-20: Prize draws (~52M SELF)
Total Available: 70M SELF = ~20 year runway
Halving Benefits
Why Halve Prize Amounts?
- Preserves token supply for multi-decade sustainability
- SELF amounts decrease but USD value varies with market price
- Creates predictable, transparent reward schedule
- Similar to Bitcoin's halving model (proven over 15+ years)
Compliance & Regulations
Queensland Promotional Game (Category 4)
SELF App's Prize Draw is structured as a Category 4 promotional game under Queensland's Charitable and Non-Profit Gaming Act 1999.
Key Compliance Elements:
- ✅ Free entry available (Zero tier eligible)
- ✅ Promotional purpose (promotes blockchain participation)
- ✅ Written terms & conditions
- ✅ Record keeping (5 years)
- ✅ Prize delivery within 30 days
- ✅ Unclaimed prizes redrawn
Correct Terminology:
- ✅ "Prize Draw" (not "lottery")
- ✅ "Draw entries" (not "lottery tickets")
- ✅ "Prize" (not "jackpot")
- ✅ "Promotional game" (not "gambling")
Eligibility
Who Can Participate:
- ✅ All SELF App users
- ✅ Must be 18 years or older
- ✅ Valid where permitted by law
Record Keeping
All draw records retained for 5 years including:
- Draw dates and times
- Total entries per draw
- Winner user_id
- Number of entries winner had
- Block hash used for randomness
- Prize amount
- Claim status and date
Frequently Asked Questions
How do I earn entries?
Keep your validator online. Every automated vote earns 1 entry. Higher uptime = more entries = better odds.
You don't need to do anything manually - your validator votes automatically every 60 seconds.
Can I buy extra entries?
No. All entries must be earned through validator participation (votes). This maintains compliance with promotional game regulations.
What are my odds of winning?
Odds depend on network size and your validator uptime. With consistent uptime, you'll accumulate thousands of entries per week, giving you regular chances to win.
Does Connect tier give more entries?
No. Entry rate is the same for all users (1 vote = 1 entry). Connect tier benefits are:
- 100 SELF/month subscriber bonus (first 100k users only)
- Better validator uptime (more consistent entries)
- Priority support and advanced features
Better uptime naturally leads to more entries, but the entry rate is identical across all tiers.
What happens after the first 100,000 users?
Subscriber and referral bonuses end after user #100,000. Prize draws continue for everyone (~20 years).
Why do prizes halve every 4 years?
Economic sustainability. Halving ensures the program runs for ~20 years from existing token allocations. Without halving, the token pools would be depleted much faster.
Benefits of halving:
- Preserves tokens for multi-decade sustainability
- Creates predictable reward schedule
- Similar to Bitcoin's proven halving model
- Allows program to adapt to market conditions
When are drawings held?
- Daily: Every day at 00:00 UTC
- Weekly: Every Sunday at 00:00 UTC
- Monthly: 1st of each month at 00:00 UTC
How are winners selected?
Provably fair random selection using blockchain hash as randomness source. Each entry has equal probability of winning. All draws are publicly verifiable on-chain.
Can I win multiple times?
Yes. Each drawing is independent. Users can win repeatedly - there are no restrictions on repeat winners.
What if I don't claim my prize?
Winners have 3 months to claim. After reasonable efforts to contact them, unclaimed prizes are redrawn (another winner selected).
Related: