{"id":30290,"date":"2020-10-19T12:55:33","date_gmt":"2020-10-19T09:55:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30290"},"modified":"2025-08-27T21:35:03","modified_gmt":"2025-08-27T18:35:03","slug":"95-of-shenzhen-red-envelope-lottery-winners-spent-their-digital-yuan-prize","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/95-of-shenzhen-red-envelope-lottery-winners-spent-their-digital-yuan-prize\/","title":{"rendered":"95% of Shenzhen red-envelope lottery winners spent their digital yuan prize"},"content":{"rendered":"<p>47,573 of 50,000 Shenzhen red-envelope lottery winners, each with 200 digital yuan (~$29.50), received and spent the prize. <a href=\"https:\/\/cointelegraph.com\/news\/95-of-winners-in-china-s-cbdc-lottery-spent-digital-yuan-prizes\" target=\"_blank\" rel=\"noopener noreferrer\">Cointelegraph<\/a>, citing city authorities, reports this.<!--more--><\/p>\n<p>The lucky winners executed 62,788 transactions totaling 8.8 million yuan (~$1.3 million). They spent 88% of the 10 million yuan (~$1.5 million) earmarked as part of the <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-airdrop-drew-nearly-2-million-people\">pilot distribution<\/a>.<\/p>\n<p>Under the terms of the lottery, the winnings could be redeemed at 3,389 locations until October 18.<\/p>\n<p>Some participants topped up their wallets, purchasing an additional 901,000 yuan ($134,000).<\/p>\n<p>As part of the pilot project for using the digital yuan, the Guangdong Petroleum gas-station network <a href=\"https:\/\/u1f987.com\/en\/news\/shenzhen-gas-stations-start-accepting-the-digital-yuan\">added<\/a> it as a payment option.<\/p>\n<p>Earlier in the People\u2019s Bank of China <a href=\"https:\/\/u1f987.com\/en\/news\/china-tests-digital-yuan-in-162m-pilot-transactions\">clarified<\/a> that during testing of the digital yuan-based payment system (DCEP) they conducted 3.13 million transactions totaling 1.1 billion yuan (~$162 million).<\/p>\n<p>ForkLog has also reported that for the Chinese digital currency <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-to-offer-partial-anonymity-for-transactions\">are testing<\/a> restricted transaction anonymity. Previously, Dovi Wang <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-dcep-built-on-the-digital-yuan-is-just-another-payments-app\">stated<\/a> that DCEP is nothing more than just another payment application.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>47,573 of 50,000 Shenzhen red-envelope lottery winners with 200 digital yuan (~$29.50) received and spent the prize. Cointelegraph, citing city authorities, reports this.<\/p>\n","protected":false},"author":1,"featured_media":30291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,133,1369],"class_list":["post-30290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-china","tag-yuan"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30290"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30290\/revisions"}],"predecessor-version":[{"id":30292,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30290\/revisions\/30292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30291"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}