Registration Process

For retailers in the Xakpot decentralized lottery system, here's a breakdown of the registration process and their role in the system:

1. Retailer Registration via DApp:

• Retailers can register through the Xakpot DApp process on the Binance Smart Chain (BNB) by paying only the BNB transaction fee for registration.

1. Stock Purchase and Sale:

• Retailers purchase lottery stock, which includes the whole set of numbers from 0 to 9. They then offer these numbers for sale to players.

1. Visibility on Player Dashboard:

• Retailers' locations are visible on players' dashboards based on GPS information. This allows players to see one or more retailers in their vicinity.

1. Earnings:

• Retailers earn 10% of the revenue generated from the sale of their lottery stock to players.

1. Stock Return Option:

• Retailers have the option to return their unsold stock, but this must be done before 15 minutes of each draw.

1. Stock Conditions:

• Stock should consist of all ten lottery numbers, and each number in the stock should have an equal value.

• Unsold and non-returnable stock is considered as sold lottery numbers. This system aims to involve retailers in the distribution of lottery tickets, allowing them to earn a commission on sales. The conditions for stock ensure fairness and consistency in the lottery process. Retailers play a key role in making lottery tickets accessible to players in different locations.

For distributors in the Xakpot decentralized lottery system, here's an overview of the registration process and their primary role within the system:

1. Distributor Registration via DApp:

• Distributors can register through the Xakpot DApp process on the Binance Smart Chain (BNB). Registration is currently free, but there is a $100 amount required, and in return, the distributor earns Xak tokens.

1. Xak Token Earnings:

• The $100 registration amount earns the distributor Xak tokens. These tokens have a specific value and are likely used within the Xakpot ecosystem.

1. Earnings from Stock Sales:

• Xak tokens earn 0.25% of the stock sold in one draw. This provides an incentive for distributors based on the performance of the lottery.

1. Retailer Appointment:

• The main role of distributors is to appoint retailers within the Xakpot system. This involves recruiting and managing retailers who sell lottery tickets to players.

1. Earnings from Retailers:

• Distributors earn 25% of the amount earned by retailers. This commission is a percentage of the revenue generated by retailers through the sale of lottery tickets. Distributors play a crucial role in expanding the reach of the Xakpot lottery by appointing and managing retailers. Their earnings are tied to both the sales performance of retailers and the overall success of the lottery system. The Xak tokens acquired through registration may have additional utility or benefits within the Xakpot ecosystem.