Win up to 150€ every week

A prize-linked account that raffles all the earnings generated to lucky winners every Friday.

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Congratulations! You just won 150,00€

What is it?

Inspired by Premium Bonds, Rand introduces a Prize-Linked Investing Account, aiming to dissuade individuals from risking their money in lotteries by providing an alternative means to earn returns.

Similar to our Earn Account, the Prize Account diligently manages funds, but with a twist. All accumulated yield is raffled on Fridays among lucky winners.

Win big. Cash in often

Prizes ranging from 1€ to 150€ in our Prize Account. Every week, the prizes are paid out in stablecoin, directly deposited into your account.

Bigger deposit =
higher odds

The Prize Account is thoughtfully designed to reward individuals with a meaningful contribution. This means that the more substantial your deposit, the greater your chances of winning a prize.

Meet the perfect mix
for your savings.

A single account that connects you with real yields from proof of staking blockchains, enabling you to earn superior returns compared to your bank.

Liquid

More liquid than CDs or bonds. Withdraw your money instantly without penalties and without waiting on maturity dates.

Well-diversified

Funds are staked across a set of POS Blockchains allowing you to tap into real yields by validating transactions of the next financial infrastructure.

Easy to manage

The volatility of the assets is hedged though our smart hedging engine allowing us to mantain all the positions neutral to market conditions.

The best part?
We do all the work for you.

Swap from EUR to Stablecoin

Currency hedge

Automatic risk assessment

Interest reinvesting

Our goal is to help you generate yield effortlessly, without requiring extensive time commitment each week. We handle due diligence on third-party partners, continuously rebalance staked positions, and reinvest yields to maximise your return. Additionally, we take care of converting your EUR to Stablecoin, applying a hedge to mitigate concerns about currency fluctuations.

Legal disclaimer: Your Prize Account is powered by USDT, and investment in cryptoassets is not a regulated activity. It may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks, which are explained in detail here.

Legal disclaimer: Your Prize Account is powered by USDT, and investment in cryptoassets is not a regulated activity. It may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks, which are explained in detail here.

Questions? Answers

What is the Prize Account?

The Prize Account is a unique rewards product offered by Rand. It provides an opportunity for all users to contribute to yield generation and have a chance to win monetary prizes. Here's how it works:

When you add funds to the Prize Account, your funds join forces with other users' contributions to generate interest over the course of one week. At the end of this period, the total interest generated is distributed among a select number of lucky winners. The winners are chosen randomly but the chances to win are proportional to the amount invested and the time funds have been kept in the Prize Account over that week. Regardless of whether you win or not, you keep the original amount you invested in the Prize Account and the yield generation for the following week's prizes starts immediately after the distribution of prizes, meaning that your contribution continues to support the potential for future winnings.

The Prize Account adds an element of excitement to your financial journey, offering the opportunity to earn bigger rewards sporadically. Participating in the Prize Account allows you to be part of a community-driven rewards program that fosters a sense of engagement and potential for additional benefits.

How does Rand generate yield with the Prize Account?

At Rand, we have implemented a comprehensive and secure approach to generating yields for the Prize Account. Our top priority is to keep funds safe while aiming to maximize potential returns.

To generate interest and potential rewards, we pool together funds from all Prize account participants. These funds serve as the foundation for our yield generation process, which is optimized with the use of advanced Web3 and AI technologies. Our cutting-edge methods enable us to employ sophisticated trading and lending strategies while placing a strong emphasis on fund security. The strategies include staking, margin lending, arbitrage and market-making, and are designed to minimize exposure to market risks and volatility, maintain stable returns, and mitigate potential losses.

To ensure the security and protection of funds, we have a strict risk management framework in place. This framework ensures that the capital used for trading is fully collateralized, and the strategies are implemented in a market-neutral manner. Our team of experts, along with advanced algorithms, continuously monitor market conditions and make necessary adjustments to the trading strategies. This proactive approach allows us to adapt to changing market dynamics and optimize the yield generation process.

While our aim is to generate consistent and attractive yields for the Prize Account, it's important to recognize that all investments carry inherent risks. However, through our meticulous risk management practices, we strive to provide a secure environment for users' funds and mitigate potential risks associated with market fluctuations.

How are the weekly winners chosen?

When it comes to selecting the weekly winners for the Prize Account at Rand, fairness is of utmost importance. Our algorithm ensures that every user has an equitable chance of winning cash prizes. Here's how the process works:

The Prize Account algorithm is specifically designed to give each user a fair and balanced opportunity to win. To illustrate this concept, imagine that every user is assigned a certain number of tickets associated with their participation in the Prize Account. The number of tickets a user possesses is determined by two factors: the amount of funds they contribute to the Prize Account and the duration for which they keep those funds in the account. Essentially, the more funds a user adds to the Prize Account and the longer they retain those funds, the more tickets they accumulate. After each week, our algorithm randomly selects winning tickets from the entire pool of tickets held by users. The selection process is unbiased and ensures a fair chance for all participants. Users who own the selected winning tickets become the lucky winners of the prizes. This means that users who have earned more tickets have the odds in their favor, encouraging users to actively participate and maintain their funds in the account for a greater chance of winning.

By implementing this transparent and random selection process, we strive to provide an equitable opportunity for each user to be rewarded. We firmly believe in creating an inclusive and engaging environment where all participants have a fair shot at winning exciting prizes through the Prize Account.

How many winners are there each week?

The number of winners in the Prize Account varies each week and is determined by the number of participants. As more users join the Prize Account, the number of winners increases. We constantly monitor and assess the number of participants and adjust the number of winners accordingly. This allows us to strike a balance between the number of participants and the distribution of prizes, creating an engaging and fair experience for all users.

To find out the exact number of winners for a given week, you can visit the Prize Account page within the app. The page will display the details of the current week's prize distribution, including the number of winners selected.

What is my chance of winning, and how can I increase my odds?

Your chances of winning in the Prize Account are influenced by several factors, which include the amount of funds you add, the duration you hold them in the Prize Account, and a bonus for holding funds for multiple weeks.

When you add funds to the Prize Account, your contributions contribute to the overall prize pool. The more funds you add and the longer time you keep them, the larger the prize pool becomes, increasing the potential rewards for participants. This, in turn, enhances your chances of winning. It's important to note that while these factors contribute to improving your odds of winning, the final selection of winners is determined through a randomized process. This ensures fairness and equitable opportunities for all participants.

To maximize your chances of winning, we encourage you to consider adding substantial funds to the Prize Account and holding them for an extended period. The longer you hold your funds and the larger your contribution, the higher your probability of winning a prize.

How will I receive my prize?

Your winnings will be automatically added to the balance of your Prize Account on a recurrent basis. You have the flexibility to manage them anytime according to your preferences.

By keeping the prizes in your Prize Account, you allow them to increase your chances for following draws as your balance increases. Alternatively, you can choose to transfer your earnings to your Checking account, which allows you to have greater control and accessibility to your funds. From your Checking account, you can then further allocate the funds to other accounts or initiate transfers as needed.

Can I withdraw my money whenever I want?

You have the flexibility to move out your funds from the Prize Account whenever it is convenient for you. However, it's important to note that removing a portion or all of your funds from the Prize Account in between weekly prize draws will significantly reduce your chances of winning.

When you participate in the Prize Account, your funds contribute to the overall prize pool, increasing the potential rewards for participants. By keeping your funds in the Prize Account, you maintain your eligibility for the weekly prize draws and maximize your chances of winning. If you choose to remove all your funds from the Prize Account, you will no longer be eligible to win prizes. Therefore, it's advisable to consider the timing of your fund movements and ensure that you have a sufficient balance in the Prize Account to maintain your chances of winning.

Take a look at Rand's helpcenter for the complete set of FAQs

For all the dreamers, doers, and change makers.

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T&C of our Payment Service Provider

© 2023 Rand App

Rand Protocol SL is a company registered in Spain with company number B42893925. Registered office Plaça Pau Vila, number 1, office 2A2, 08039 Barcelona. Rand Protocol SL, is a company registered with the Bank of Spain under registration number D697 for the provision of crypto-asset custody and exchange services. The registration does not imply any approval or verification of the activities carried out by providers of virtual currency-to-fiat currency exchange services and electronic wallet custody services by the Bank of Spain.

Nothing on this site is a recommendation to invest. Rand does not offer financial advice. If you are unsure about investing we encourage you to speak to a financial advisor. Your capital is at risk.

Rand Protocol SL is providing you access to the services of its partner, Pecunia Cards EDE SLU, a company registered in Spain with company number B86972346, which is authorised and regulated by the Bank of Spain as an Electronic Money Institution (Firm Reference Number: 6707) for the issuance of electronic money and payment services. Your account and related payment services are provided by Pecunia Cards EDE SLU and your funds will be held in one or more segregated accounts and the full value safeguarded in line with art. 21.1 a) of Spanish Real Decreto-ley 19/2018, de 23 de noviembre, de servicios de pago y otras medidas urgentes en materia financiera.– for more information please see here.

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