3 replies to this topic

[rlh]

Selling of shares of the MLAF are going well. So far 259 have been sold as of this morning. But, this message isn't about the latest MLAF news. Instead, I want to further promote the fund/stock option by creating a raffle! After seeing the enthusiasm for Luceo's BFL raffle, I thought I'd offer a similar raffle except with the intent to help promote the MLAF.

Here are the details.

PRIZES

Shares of the MLAF
(You must have a valid Cryptostocks.com account so that I can transfer these these shares to your account.)

1 x 50 MLAF Shares
1 x 25 MLAF Shares
3 x 10 MLAF Shares
4 x 5 MLAF Shares

RULES

Each ticket cost 50 SLC. If you would like to purchase a ticket, or tickets, send me a PM or respond to this message. I am going to create a special solidcoin wallet for this raffle. When you respond, I will create a new receipt address for you and I'll send it to you via PM in the forum. So be looking for it.

In order to purchase a ticket, all you have to do is deposit as many SLC into your address as you desire, in 50 SLC increments. Please note, you will have to pay the TX fees. You can deposit partial amounts in this address (i.e. 25 SLC). You will receive 1 ticket as soon as the full 50 SLC is deposited. Partial ticket purchases will not be refunded, so you should only make deposits in 50 SLC increments.

For each 50 SLC you deposit, you will get 1 ticket. Ticket numbers will be assigned in sequential order as their TXs are processed by the block chain and their values will range from 0 to 255 (or 00 to ff in hex). Ticket assignments will be posted on this site and the total raffle is limited to 256 tickets.

All sales are final and I will only refund individuals who try to purchase tickets, after the last ticket has been purchased, but before I get a chance to update this post. So, don't worry. If 250 tickets are assigned and you want to try and buy the last 6, you will get a refund if someone else buys them before you.

WINNER DETERMINATION

I've decided to use Luceo's method of determining the winners. The block hash, of the final ticket purchased, will be used to determine the winning tickets.

First prize will go to the holder of the ticket with the same two hex digits at that end of the hash. Second prize will go to the ticket with the same hex value as the byte that is second from the end, and so one. If any ticket number appears twice, the second appearance of the ticket within the sequence of bytes will be "thrown out", and the next byte will be evaluated. This doesn't mean that you can't win multiple times. Instead, it just means that each ticket can only win once.

Here is an example hash and how the winners would be derived from this hash. (Spaces added between 2-byte pairs.)

00001c55b778d7b0a3f6023692b86c8ea48a1f588090 e1 94 ff a1 56 a1 05 2d 08 31

#1 Ticket 31 - 50 Shares
#2 Ticket 08 - 25 Shares
#3 Ticket 2d - 10 Shares
#4 Ticket 05 - 10 shares
#5 Ticket a1 - 10 Shares
#6 Ticket 56 - 5 Shares
#7 Ticket a1 (already won, byte discarded and next one selected)
Ticket ff - 5 Shares
#8 Ticket 94 - 5 Shares
#9 Ticket e1 - 5 Shares


FINAL COMMENTS

The pricing of these tickets is contingent on the current trading rate over at Vircurex. If there are any significant swing in price (up or down), I will re-adjust the price of these tickets for new purchasers.

This is a personal raffle and the MLAF is not holding, nor "supporting" this raffle. I, RLH, will be buying these shares with my personal Cryptostock account. I will be keeping the profits but I am planning on using the profits to buy shares in the MLAF and sell them to others for SLC.

Please post any questions and get the word out to all who are interested! Have fun and play responsibly!

----
Updated on Sept 12, 2012

Ticket Holder Addresses
Luceo: sQLTDvctr8XRYwe9vuDWghpaJ4WzyESabA


Tix# Owner
00 Luceo
01 Luceo
02 Luceo
03 Luceo
04 Luceo
05 Luceo

[Luceo]

For reference's sake for anyone who can't be bothered to do the math:

Total prizes: 125 MLAF stocks
Total prize value: 12.5 BTC
Current exchange: ~600 SLC / BTC
Total Prize: 7500 SLC

Ticket price: 50 SLC
Tickets: 256
Total intake: 12800 SLC

This leaves a margin of 5300 SLC for the operator, though depending on exchange movements this could be significantly higher or lower.

Still think this raffle is a good idea and anything which increases interest in MLAF should do well.

[rlh]

Hold on a sec...

[rlh]

Solidcoin price has dropped and my margins are shrinking. You don't have to deposit now, but if you are interested, I recommend going ahead and asking for a deposit address.