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Tickets and odds

The rule

Every hour, on the hour, the keeper snapshots every holder of every casino coin. A wallet earns tickets equal to the SOL value of its casino coins at that snapshot. The SOL value of $T22 counts double. Below 0.05 SOL of total value a wallet earns nothing that hour. A week has 168 snapshots, so holding all week counts 168 times, and a coin sold on Friday stops counting on Friday.

A worked example

WalletHoldingSnapshotsTickets
Alice3 SOL of FELT, all week3 × 168504
Bob1 SOL of $T22, all week1 × 2 × 168336
Carol10 SOL of SEVN, sold Friday 20:0010 × 1201,200
Dan0.04 SOL of FELTbelow 0.05 SOL0
Total 2,040 tickets. Carol's odds: 1,200 / 2,040 = 58.8%. Bob holds a third of Alice's value and gets two thirds of her tickets.

How value is measured

On the curve, a coin's price is the curve's current price from its LaunchLab pool account. After graduation it is the price of its deepest Raydium pool against SOL. Value = balance × price, read in the same snapshot for every wallet.

Wallets that never count

Curve vaults, pool vaults, the House key, the pot wallet and the LaunchLab and CPMM authorities. They hold coins for the protocol, not for themselves.

Where the list is published

The running list for the week is a JSON file the keeper publishes every hour, with each wallet's tickets and each hour's hash. The hour's hash is also written on chain in a snap Memo, so a later edit of the file would not match.

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