Which lever to pull: more chances or a better rate
Payout is chances times value per chance times the rate. Users feel the count and barely notice the rate, so the count is the lever that changes behaviour.
3 entries
Payout is chances times value per chance times the rate. Users feel the count and barely notice the rate, so the count is the lever that changes behaviour.
Store the reward in USD, convert at claim time, and clamp the movement so a price spike cannot empty the faucet in an afternoon.
Pick a prize by weight, and compute the expected cost per claim before you launch instead of discovering it from your wallet balance.