How do sales trigger lottery mechanisms

In the Mega Millions lottery mechanism, the process of how sales trigger the lottery system involves the use of blockchain technology and smart contracts to ensure transparency and automation. Here is a detailed breakdown of the steps and how sales trigger the lottery mechanism:

Steps in Sales Triggering the Lottery Mechanism

1. Execution of a Sell Order

   • Users execute a sell order on a trading platform or a decentralized application (DApp). This involves deciding to sell a specified amount of tokens.

2. Automatic Follow Sell by Smart Contract

   • When a user executes a sell order, the associated smart contract automatically detects this action and executes what is called a follow sell, based on predefined rules (such as 60% of the sell order amount). This means the contract automatically sells an amount of tokens equivalent to 60% of the user's sell amount.

3. Activation of Dividend Mechanisms

   • The funds generated from the follow sell are distributed according to predetermined proportions:

     • 40% to users who add liquidity.

     • 10% to users holding a certain amount of tokens.

     • 10% to the first user who reaches a specific purchase amount (e.g., 100U), termed as the "winner".

4. Slippage and Marketing

   • The slippage set during the transaction may be used for marketing and promotion to enhance the project's visibility and attractiveness.

5. Token Pool Burn

   • At regular intervals (e.g., every 10 minutes), the smart contract automatically destroys a certain percentage of the tokens in the pool (e.g., 1%), which helps to increase the scarcity and value of the tokens.

6. End of Follow Sell and Waiting for New Trigger Conditions

   • Once the follow sell and related distributions are completed, the system waits for the next sell order to trigger, repeating the steps above.