You send in a small amount of steem, he buys a lotto ticket, and you get a share of any winnings when/if a winning ticket is ever drawn. No guarantee's of a win ever, it is a lottery after all and not every one ever wins.
Trust is a hard thing to give on steemit. Money is a hard thing to give up on steemit. So you need to know the person a little bit, get a feel for them, and determine if you think they are trust worthy or not, (Will they do what they say). I believe the person behind the lotto draw @yeswecan man is trustworthy. I have been burned on steemit by a couple of individual's, so it is a definite buyer beware thing on steemit.
If someone promises or guarantee's a big reward on steemit, especially the guarantee part, they are likely only after your money. So trust, but don't be too foolish with the trust I guess is what I am saying.
There was a person running a so called bank on steemit called Bellyrub, it was a total rip-off, they guaranteed an big return on investment, even paid out some of those returns for the first couple of months, then people thought they could trust it, that is when they got caught in the hustle scam and lost a lot of steem funds. A 45% return on investment was not sustainable, people pointed this out to the investors still they ignored it, the dollar signs got in their eyes, so do be careful with your steem funds.
Entry does cost a 0.1 Subscription of Steem.
Have a look at @steemterminal
They are a group that assist new people to the Steem community and explain away some of the difficulties.
@indoleboss we dure can at @steemterminal , @yeswecan thanks for the mention
It's pretty simple really - here is the post that explains it - https://steemit.com/ticket/@yeswecan/guide-lines-for-the-ticket.
You send in a small amount of steem, he buys a lotto ticket, and you get a share of any winnings when/if a winning ticket is ever drawn. No guarantee's of a win ever, it is a lottery after all and not every one ever wins.
Trust is a hard thing to give on steemit. Money is a hard thing to give up on steemit. So you need to know the person a little bit, get a feel for them, and determine if you think they are trust worthy or not, (Will they do what they say). I believe the person behind the lotto draw @yeswecan man is trustworthy. I have been burned on steemit by a couple of individual's, so it is a definite buyer beware thing on steemit.
If someone promises or guarantee's a big reward on steemit, especially the guarantee part, they are likely only after your money. So trust, but don't be too foolish with the trust I guess is what I am saying.
There was a person running a so called bank on steemit called Bellyrub, it was a total rip-off, they guaranteed an big return on investment, even paid out some of those returns for the first couple of months, then people thought they could trust it, that is when they got caught in the hustle scam and lost a lot of steem funds. A 45% return on investment was not sustainable, people pointed this out to the investors still they ignored it, the dollar signs got in their eyes, so do be careful with your steem funds.