Weekly FZT Contest

CURRENT STATUS:

• ACTIVE

PRIZE:

• Weekly prize of SIGNA COINS
• Amount is based on a percentage of FZT held (see below)

WINNER SELECTION:

• A randomly selected FZT holder (1000+) will be selected once per week.
• The day/time of winner selection will not be announced in advance.
• The winning Signa wallet will be publicly posted in this same topic.

EXAMPLES:

• There are 100 FZT holders and you have 1 wallet with 1000 FZT held. Your chances of winning are 1/100 or 1%. Your winning amount will be 10% of 1000 or 100 Signa.
• There are 200 FZT holders and you have 1 wallet with 10000 FZT held. Your chances of winning are 1/200 or 0.5%. Your winning amount will be 10% of 10000 or 1000 Signa.
• There are 500 FZT holders and you have 5 wallets with 2000 FZT each. Your chances of winning are 5/500 or 1%. Your winning amount will be 10% of 2000 or 200 Signa.
• And so on...

PAYMENT METHODS:

• Signa Wallet

QUESTIONS & ANSWERS:


Question) Is a forum account needed in order to participate?

Answer) No, winners are selected solely from the official Signum Explorer. So no forum account is even necessary. A winner can even remain anonymous if they so choose.


Question) What is the prize amount?

Answer) The prize amount depends entirely on the number of FZT held in the selected wallet address. The prize amount is set at 10% of FZT held.


Question) What day every week will the winners be announced?

Answer) The day/time of selecting the winners will remain unknown. This is to prevent someone from just buying FZT minutes before the winner is selected and then selling them immediately afterwards.


Question) How are winners selected?

Answer) All FZT holders of 1000 or more are considered as valid entries into the contest. Then a random entry is selected as the winner. In other words, all holders will be considered together in a pool and a single holder out of that pool will be selected.


Question) How will the announcements be made?

Answer) This forum thread will be updated once per week announcing the winning Signa wallet address. The winners may also be announced at the top of the forum's homepage in the news section. Winners may also be announced on the Forex Zone's Twitter feed.


Question) Is there a limit to the number of times someone can win?

Answer) No, there is no limit!


Question) How fast will I receive my Signa coins?

Answer) They will be sent as soon as possible. It is a manual process. It could take minutes or it could take hours. It depends on certain factors such as current workload.


Question) How can I increase my chances of winning?

Answer) The only way to do this is to increase the number of Signa wallets you control and having FZT in all of them. However, keep in mind that the prize amount is based solely on FZT held in the selected wallet. So although you may increase your chances of winning by spreading your FZT over multiple wallets, your prize amount will be lower than having a single wallet with all your FZT there.


Question) Are there any wallet addresses that do not count towards this contest?

Answer) Any holders that show in the 'Holders' section of the official Signum Explorer on the FZT page will be considered.


Question) Who is excluded from this contest?

Answer) Forex Zone Signa wallets will not not be selected as winners.


Question) How do I claim my prize?

Answer) Payments will be sent out with no effort needed on your part.




RELATED LINKS:

• Learn more about the Signum Network
• Official FZT Explorer page
• Signa coin bonuses
• Signa coin exchanges: AZBIT, BTDEX, SUPEREX, XEGGEX

ADDITIONAL TERMS:

• This contest may stop in the future at any time we deem appropriate.
• This weekly contest is operated by the Forex Zone forum. All questions or concerns regarding this contest should be directed to the Forex Zone forum.
• Participation in this contest is free of charge. No purchase is necessary.
• You are responsible for the accounting and recording of your own winnings, if any, that you receive from this contest for tax purposes. We will not send out tax forms or get involved with your taxes unless it becomes legally mandatory to do so.
• Under no circumstances will we be held liable for any damages or losses you incur by participating in this contest.
• The terms and conditions of this contest may change at any time. You are responsible for checking back here for updated terms or conditions, if any. It's best to have email notifications and alerts enabled so you stay informed.
• If you do not agree with all the terms of the contest stated, do not participate.

Linkback: https://www.forex.zone/forex-contests/28/weekly-fzt-contest/3579/

This is a great step to bolstering the value of FZT!

I believe it queries the Database directly, so there could be something  that it's counting more than once.  In theory it should be the same, but i'm not sure how the backend data is setup.

The API is probably easier for you to copy/paste that URL into a browser and then deal with the JSON output data into a spreadsheet.

This would be a good process:
Use Node API call to get the JSON data.
Use a site like this to convert json to csv/xls: https://www.convertcsv.com/json-to-csv.htm

Then you can do whatever math/calcs you want on the data

even without making a transaction

Yes, no transaction is needed. FZT simply need held in your wallet.

And for example he holds 500,000 FZT and then he wins, then he will get 10% of that where the amount is 50,000 Signum?

Yes, that's correct.

How much FZT do we hold to enter the Contest?

This week's winner: S-8M93-PATR-2ZW4-995P3
FTZ held: 100
Prize: 10

advice, it's better for this forum to make a contest that can benefit both parties so that they both have income