❔ (FAQ) Frequently Asked Questions

Who are the creators of Planetary Lottery?

The creators of Planetary Lottery form a multidisciplinary and decentralized team, composed of entrepreneurs, programmers, designers, and community managers. We will have a KYC process for the team to verify and confirm the individuals and the legal entity of Planetary Lottery. The security of the team is a priority to continue working and updating Planetary Lottery. We are at your disposal on social media.

Where is the company registered or located?

Planetary Lottery is currently in the process of business registration and licensing. Internationally, thanks to its development in a smart contract on the Polygon network and the verification of its random results using Chainlink, it surpasses any security audit as it is a public contract. Thus, it is possible to participate in almost any place on the planet, with the security and backing of the smart contract, the company registration, and its corresponding licenses in progress. We will share more updates soon. We have mechanisms in place to block those countries with jurisdictions that do not allow online gaming or require additional licenses.

What legal license or permissions do you have to operate?

Planetary Lottery is constantly updating licenses and procedures to comply with international regulations. We have systems in place to block jurisdictions where our licenses are not applicable. We are not responsible for users who connect to our website using a VPN, pretending to be in other jurisdictions. Each user will be responsible for declaring the taxes associated with the prize or rewards obtained through interaction with our smart contracts in their country of residence.

Can participating legally affect me?

Planetary Lottery offers freedom, security, and the opportunity to win tokens defined by a smart contract, which is a decentralized software.

It is the responsibility of each user to declare taxes according to current legal regulations when on an exchange or directly with another entity or individual converting these decentralized tokens based on smart contracts to fiat currency.

How much does the team earn?

10% of each lottery ticket goes to the team. Additionally, there is a 20% marketing budget to pay for free tickets for type 1 referrals and type 2 referrals. The Planetary Lottery team is responsible for developing improvements and maintaining the website for proper functioning.

Does Planetary Lottery have backdoors?

The smart contract code of Planetary Lottery is available for anyone to verify. In addition, we offer a reward program for those who detect bugs and potential security issues in the contract or on the website - Interested parties should contact support -.

Is there an audit of the smart contract available?

However, any user can verify the published smart contract. Some parts of the code are encrypted to provide resistance against attacks, thus an audit is necessary to provide the community with the confidence that the right actions are being taken.

What happens if I don't claim my lottery prize?

If 20 hours pass from the last drawing and your prize doesn't arrive in your wallet, please check your wallet and contact support. Prizes are automatically distributed through a smart contract starting at 22:00 UTC every day. Network congestion may cause occasional delays.

How much money goes into the lottery pot for each ticket sold?

60% of the USDC cost of the ticket is set aside for the planetary lottery daily pot.

Is Planetary Lottery a investment system?

No, Planetary Lottery is not an investment system. It is a decentralized application that uses a game system based on smart contracts for entertainment purposes for users. The money used to purchase entries is not invested, but is used to participate in the game and have the opportunity to win tokens defined by the smart contract. Planetary Lottery focuses on providing an attractive and innovative entertainment experience.