some of you may remember that we used to raffle 60x 25 Euro at every PSC lottery.
We changed this lottery to the GJ Coin lottery - each winner got 100 GJ Coins worth (at that time) 0,25 Euro, which was also 25 Euro.
Due to the fact that the GJ Coins are continuously increasing in value, the individual prize amount has also increased by one euro every month - we have watched this benevolently, but we now had to intervene and readjust.
Of course, we did not reset the current win amount to the value it was back then, but set a new fair win amount, which is now 30 Euros.
This means that you win less and less GJ Coins every month, but at the same time the GJ Coins increase in value, so that in fiat money terms, the same amount of profit always ends up in the GJ Coin account.
And this is where the inflation protection mechanism kicks in again: if you save the coins on your account for a month, they will continuously increase in value (always on the 1st of a month).
This article is for information purposes only, so you don't need to do anything else.
GambleJoe: GJ Coin lottery prize adjustment
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some of you may remember that we used to raffle 60x 25 Euro at every PSC lottery.
We changed this lottery to the GJ Coin lottery - each winner got 100 GJ Coins worth (at that time) 0,25 Euro, which was also 25 Euro.
Due to the fact that the GJ Coins are continuously increasing in value, the individual prize amount has also increased by one euro every month - we have watched this benevolently, but we now had to intervene and readjust.
Of course, we did not reset the current win amount to the value it was back then, but set a new fair win amount, which is now 30 Euros.
This means that you win less and less GJ Coins every month, but at the same time the GJ Coins increase in value, so that in fiat money terms, the same amount of profit always ends up in the GJ Coin account.
And this is where the inflation protection mechanism kicks in again: if you save the coins on your account for a month, they will continuously increase in value (always on the 1st of a month).
This article is for information purposes only, so you don't need to do anything else.
Kind regards
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GambleJoe: GJ Coin lottery prize adjustment
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