DropShop - Drops Democratized
  • Welcome
  • Background - Limited Release Product Drops
    • History
    • The Problem
    • Solution Attributes
  • DropShop Lottery
    • Overview
    • Users
      • Sponsors
      • Participants
    • Lottery Process
      • Lottery Creation
      • Tickets, the Pool, and the Ticket Weight Factor
      • The Purse, Sponsor Take and Residual
      • Lottery Outcomes
  • Platform Information
    • Platform Economics
    • Additional and Future Features
      • Secondary Marketplace
      • Generalized User-to-User Transactions
      • dApp to DAO
    • Logic
      • Distribution Score Function
      • Ticket Weight Factor Function
      • Selection Function
    • Team
  • Also...
    • Glossary
    • References
    • Acknowledgements
    • Github
    • Whitepaper
    • Images
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  1. DropShop Lottery
  2. Lottery Process

The Purse, Sponsor Take and Residual

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Last updated 3 years ago

The sum of all winning stakes contained in a lottery’s smart contract is called the Lottery’s Purse. The minimum Purse for a lottery’s must be its Quantity times the Price. This (Q * P) is called the Sponsor Take, and it is automatically transferred to the Sponsor at the lottery’s conclusion.

Most lotteries will have a Purse higher than the Take. The difference is called the Residual of the lottery. The Residual is important because it can be distributed in a number of wars between the Sponsor, Participants and platform itself. We discuss how the residual is used in greater detail in .

Platform Economics