The IOTA Lottery is a monthly draw held on the subreddit /r/iotalottery. It is aimed at being a fun way to introduce people into the IOTA CryptoCurrency as well as giving people the chance to win some IOTA.

Want to starting winning some IOTA? Check out the How to enter the IOTA Lottery guide.

How it works

Every month a new submission will be created by the subreddit admin user: /u/iotalottery and will be titled with this structure:

IOTA Lottery Draw [Month] [Year]

For example, if today was 3rd March 2012. The submission title will be:

IOTA Lottery Draw March 2012

Once that post is live users will be able to post their entry using the Reddit IOTA Tip Bot: /u/iotaTipBot. The IOTA Lottery bot works closely with the IOTA Tip Bot, it verifies the entries and updates the lottery prize amount. How does it verify entries? For information about what verifies please read the IOTA Lottery Rules.

At the end of the month the IOTA Lottery bot will randomly select a winner from the list of entries and a winner post will be created with the structure:

IOTA Lottery Winner for [Month] [Year]

For example, if today was 3rd March 2012. The submission title will be:

IOTA Lottery Winner for March 2012

Winners must achknowledge their prize

Why? This system uses the /u/iotaTipBot which will publically leave a reply for tipping. So, when the winner acknowledges their prize and the IOTA Lottery bot tips them everybody can see that the prize amount has been awarded. I have done it this way to make the process as transparent as possible.

Good Luck!