# Lottery

`kaal:entity:lottery`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `lottery`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 1 works, 2022 to 2022.

**2022**

- [4015908-037](https://wulfkaal.github.io/claims/4015908-037) [mechanism/argued] -- In a lottery fair launch protocol, a user who bids low for a ticket increases the potential secondary market return but decreases the chance of winning the lottery, because more users can afford to participate at a low price.
  > user bids low, they increase the potential for secondary market return but decrease their chances of winning the lottery since more users can afford to participate.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-042](https://wulfkaal.github.io/claims/4015908-042) [mechanism/argued] -- In lottery fair launch protocols the ticket price is determined as the median of all tickets purchased, and users then decide whether to accept that price, paying the difference if it exceeds their bid or withdrawing for a refund.
  > price of a ticket is determined as the median of all tickets purchased – users then decide whether they accept the price.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/lottery.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.