Claiming Your Prize
Last updated
Last updated
If you're reading this, congratulations β you've won! In Aolotto, claiming your prize is easy, and you don't need any identification. The process is fully anonymous to protect the privacy of winners.
To claim your prize, simply click on your user avatar to go to your profile page. In the top right corner, youβll find the Claim Prize button. Once your prize account balance is greater than 0, the claim button will become active. After clicking it and confirming, your prize ($wUSDC) will be transferred to your personal wallet, minus any applicable taxes.
Winners are required to pay a grand prize tax. The protocol collects a flat 40% of the total prize amount, which is distributed to $ALT holders to support the development of the community. Compared to traditional lotteries, which often have a 50% payout rate along with additional income taxes (which vary by region), Aolotto ensures that 60% of the accumulated prize pool goes directly to the winner.