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Documentation Index

Fetch the complete documentation index at: https://docs.binibit.com/llms.txt

Use this file to discover all available pages before exploring further.

The lottery launches in Phase 2 of the Bini App rollout. This page documents the canonical mechanics. Live values (ticket price, draw frequency, jackpot rules) will be confirmed in the app at launch.

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What it is

A ticketed BINI lottery integrated into the Bini App. Buy tickets in BINI, watch draws, win jackpots. The lottery is the fourth permanent BINI sink (sink #4 in the ecosystem) — 20% of every ticket purchase is permanently burned.

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Revenue split

Every ticket purchased with BINI splits as follows: 
Ticket price:
├── 60%  Jackpot (winners)
├── 20%  Burned permanently
├── 10%  Referral commissions
└── 10%  Platform operations
SliceWhere it goes
60% JackpotFunds the prize pool. Eventually paid out to winners.
20% BurnSent to a burn address. Permanently removes BINI from circulation.
10% ReferralPaid to the referrer who introduced the ticket buyer (where applicable).
10% PlatformOperating reserve and platform development costs.

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Why these numbers

  • 60% to winners is high enough to attract participation but leaves headroom for sinks
  • 20% burn makes the lottery a meaningful contributor to deflationary pressure (vs zero in most lotteries)
  • 10% referral pays the user-acquisition channel
  • 10% platform funds ongoing operations

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Burn projections

If the lottery sees $V in daily ticket revenue: 
Daily burn = V × 0.20   (in BINI)
Daily ticket revenueDaily BINI burn (at $0.12 ref)
$1,0001,667 BINI
$10,00016,667 BINI
$100,000166,667 BINI
$1,000,0001,666,667 BINI
At $1M daily lottery revenue, the lottery alone burns ~600M BINI/year — comparable to the entire Year 1 emission. Realistic adoption is much lower in early phases.

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Draw mechanics (TBD)

Final draw mechanics are being finalized:
  • Frequency: daily, weekly, both?
  • Number of winners: single jackpot, multiple tiers?
  • Verifiability: on-chain randomness (Chainlink VRF on BiniChain) or backend-RNG with public proof?
  • Carryover: rolls over if no winner?
Draws will be on-chain and verifiable. Exact format announced before launch.

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Buying tickets

After Phase 2 launch:
  1. Open the Bini App → Lottery tab
  2. View current pot, time to next draw, your tickets
  3. Choose a number (or auto-pick) and quantity
  4. Confirm — pay BINI at the current ticket price
  5. Wait for the draw — winners notified in-app + on-chain
Tickets cost BINI native (not CRS, not USBI). To play, you need on-chain BINI. For the cheapest path to BINI, use Bridge B (off-chain BINI rewards → native, gated at L7).

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Eligibility

  • Open to any user with a Binibit Telegram account
  • Subject to local jurisdiction restrictions (lottery legality varies by country)

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Tokenomics impact

Per BINI Sinks, lottery is sink #4:
  • 20% of revenue is permanent burn
  • 60% jackpot eventually re-enters circulation as winnings (effectively a recycle)
  • 10% referral re-enters as referrer-controlled BINI
  • 10% platform stays in reserve, eventually deployed for ops
Net effect on supply: -20% of every ticket. Combined with the DEX swap burn and spawn fee burn, this creates a structural deflationary force.

BINI Sinks

Lottery is sink #4 (permanent burn)

BINI Bridge

How to acquire on-chain BINI to play

BINI Token

The asset paid into tickets

BINI Emission

Long-term supply trajectory