> For the complete documentation index, see [llms.txt](https://manhos-personal-organization.gitbook.io/algolaunch/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://manhos-personal-organization.gitbook.io/algolaunch/launchpad/staking-pool/tickets-and-tiers/lottery-tickets.md).

# Lottery Tickets

![](https://3628635792-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4rIEmnmYQLzyo9ldGNnD%2Fuploads%2FcPQ3UgYeoPzn6v4vI1v4%2Fimage.png?alt=media\&token=d06fbf83-da04-46d4-9d1d-809bde0872e2)

Users can participate in IDO by receiving tickets as soon as they stake tokens.

When unstaking, there is a lock up period for a certain period depending on the tier. (Details to be announced)

## How it works(the math done)

1,000 $LCH per 1 ticket

(total # $LCH staked) ÷ 1,000 = # tickets received(decimals deducted)

(# tickets w/o decimals) x (tier bonus) = total # tickets eligible

> Example 1) staking 7,500 $LCH
>
> basic # tickets 7,500/1,000 = 7.5 -> 7
>
> 7,500 staked is Tier2, so bonus multiplier is 1.2 resulting in 7 x 1.2 = 8.4 -> 8
>
> So the total # tickets from staking 7,500 $LCH is 8, with # max winning tickets 6(tier max) 

> Example 2) staking 29,999 $LCH
>
> 29,999 / 1,000 = 29.9999 -> 29
>
> 29,999 staked qualifies as Tier4, bonus multiplier is 1.5 and max winning tickets 37
>
> 29 x 1.5 = 43.5 -> 43, up to 37 winning tickets possible.