F.A.Q.

What Is An NFT?

  • NFT stands for 'non-fungible token'.

  • An NFT is basically data that is accounted for in a digital ledger, and that data represents something specific and unique.​

  • An NFT can, for example, represent a unique piece of art or a game token.

How Can I Get An NFT?

  • It will be available for purchase on our minting website (website coming soon) through an initial sale.

  • At the time of purchase, a randomly selected NFT will be minted on the blockchain and delivered to your wallet .

How Much Does It Cost To Mint An NFT ?

  • Our Edition 1 lottery whitelist and public mint price will be 1.00 SOL.

When Is The Launch Of Edition 1 (a.k.a. The Official Mint)?

  • TBA.

What Is The Total Supply?

  • The total supply of our Edition 1 lottery is 2,000 NFTs.

How Many Winning NFTs Are There?

  • There will be a total of 416 total NFTs of the 2,000 NFTs supplied, or a 20.80% winning chance per NFTs (where you at least double the amount the NFT was bought for).

What To Do In Case I Got A Winning NFT?

  • Like in a regular lottery, you can collect the prize (SOL) you have won by selling us your NFT for the given amount on our Magic Eden collection (link here).

  • We buy it back from you in less than 24 hours for the amount stated on your NFT Lottery tickets!

How Many Editions Will You Launch?

  • Our goal is to launch multiple editions consistently on multiple blockchains.

What Is The Maximum Of NFTs I Can Buy?

  • Not specified yet

What Does It Means To Be Whitelisted?

  • It means that your wallet will be able to acquire an NFT before the public mint.

  • Join our discord to find out how to get whitelisted.

What Is The Blockchain Technology?

  • Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

  • A blockchain is a decentralized database that is managed by a network of peer-to-peer computers. As it is decentralized, there is no central authority mediating transactions or having oversight over the network. 

What Is Solana?

  • Solana is a blockchain platform designed to host decentralized, scalable applications.

  • Solana's blockchain is really fast in terms of the number of transactions it can process which is up to 65,000 TPS (Transactions Per Second) and has significantly lower transaction fees compared to rival blockchains.

  • Solana's blockchain is a proof-of-stake (PoS) blockchain and also uses a new technology called Proof of History (PoH).

  • Solana also has a cryptocurrency, also called Solana (SOL), that runs on the Solana blockchain.

  • BC LOTTO's NFTs are on the Solana blockchain, need to be bought in Solana's cryptocurrency (SOL), and the prizes will also be delivered in Solana's cryptocurrency (SOL).

How To Use Solana And Buy A Lottery Ticket?

  • To use Solana you need two things: (1) a Solana wallet and (2) some SOL currency.

  • (1) Solana wallet: You need a Solana wallet like Phantom, Solfare, or Sollet. Of these, Phantom is the most popular (like the MetaMask of the Solana world). To install Phantom as Google Chrome's browser extension, click here.

  • (2) SOL currency ($SOL): You need to buy some SOL currency and Deposit or Send it to your wallet. You can simply buy SOL from a supported exchange (e.g. FTX, Binance, Coinbase, ...). Alternatively, you can add USDT stablecoins to Phantom and exchange them for SOL within the wallet.