Shenzhen Offers Its Residents To Register For Taking Part In A Municipal Lottery
Shenzhen Offers Its Residents To Register For Taking Part In A Municipal Lottery
January 5, 2021
Shenzhen Offers Its Residents To Register For Taking Part In A Municipal Lottery
Shenzhen Offers Its Residents To Register For Taking Part In A Municipal Lottery
January 5, 2021

The city of Shenzhen is offering its residents the option to register to take part in a municipal lottery, as of last week Friday, with registrations closed yesterday morning (Monday) at 10 am local time.

It has been reported that those interested were able to sign up for the lottery by using the iShenzhen event registration platform, according to an announcement by the Shenzhen government.

However, the lottery was not a competition but was being settled on a first-come, first-serve basis.

The report said that in total, the city planned to give 100,000 “red envelopes” to lottery winners, each containing 200 digital yuan (around $31). The envelopes’ combined value is estimated at around $3 million, and recipients would be able to spend their gifted currency across 10,000 supported merchants. The envelopes will only be active for just 10 days, after which the currency will expire.

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Thus, lottery winners will need to download and install an app and open a personal digital wallet, having earlier provided their resident ID cards and mobile phone numbers for registration to spend their currency.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.