Rules
At BitLotte, we have two types of pools: Public and Private. Each type follows a set of rules to ensure fairness and transparency.
Public Pool Rules:
- If the pool draw time arrives, and there are no users in the pool, the pool is extended for 3 days. If still no users join, the pool is closed.
- If the pool draw time arrives, and the number of rewards available is less than or equal to the number of participants, the pool is extended for a week to allow more users to join. If this condition isn't met, participants' funds are returned, and the pool is closed.
- If the pool draw time arrives, and the number of participants is less than 25% of the pool's user quota, the pool is extended for 2 days. If the criteria are still unmet, participants' funds are returned, and the pool is closed.
- If the pool draw time arrives, and the distribution amount in fiat is less than $15 USD, the pool is extended for 3 hours to 1 day based on the distribution value. If it remains unchanged after a day, participants' funds are returned, and the pool is closed.
If none of these conditions are met, the pool is considered successful. Winners are announced, and transactions are completed. Deposits are reflected in the winners' accounts within 3-6 hours, depending on blockchain block confirmations.
Private Pool Rules:
Private pools follow the same rules as public pools, with one key difference: there are no time extensions for private pools. If any of the four conditions are not met by the draw time, the pool is closed, and participants' funds are returned to their accounts.
