When it comes to selecting the weekly winners for the Prize Account at Rand, fairness is of utmost importance. Our algorithm ensures that every user has an equitable chance of winning cash prizes. Here's how the process works:
The Prize Account algorithm is specifically designed to give each user a fair and balanced opportunity to win. To illustrate this concept, imagine that every user is assigned a certain number of tickets associated with their participation in the Prize Account. The number of tickets a user possesses is determined by two factors: the amount of funds they contribute to the Prize Account and the duration for which they keep those funds in the account. Essentially, the more funds a user adds to the Prize Account and the longer they retain those funds, the more tickets they accumulate. After each week, our algorithm randomly selects winning tickets from the entire pool of tickets held by users. The selection process is unbiased and ensures a fair chance for all participants. Users who own the selected winning tickets become the lucky winners of the prizes. This means that users who have earned more tickets have the odds in their favor, encouraging users to actively participate and maintain their funds in the account for a greater chance of winning.
By implementing this transparent and random selection process, we strive to provide an equitable opportunity for each user to be rewarded. We firmly believe in creating an inclusive and engaging environment where all participants have a fair shot at winning exciting prizes through the Prize Account.