Tokenomics
Lottery:
Level 1 sweepstakes, consisting of 1,000 tickets each, will be conducted with a minimum entry per user of 10 USDC. The following percentages will be associated with each draw: 30% for the prize pool of the next level, 10% for dividends, 3% for the team, 2% for the weekly pot, 5% referral system, 30% for a single winner, and 20% to allocate as tickets for all participating users in the next L1 sweepstake. Similar rules will be followed for subsequent levels, including levels 2, 3, 4, etc., with a consistent proportion of 30% for the prize pool of the next level, 10% for dividends, 3% for the team, 2% for the weekly pot, 5% referral system, 30% for a single winner, and 20% to discount on Level 1 tickets.
Example of distributions according to percentages:
| Lottery level | Total pot | Winner* | Dividends NFT holders* (every draw) | Next level reward* | Tickets returned/ *ticket discount |
|---|---|---|---|---|---|
1 | 1,000 | 300 | 100 | 300 | 200 |
2 | 6,000 | 1,800 | 600 | 1,800 | 1,200 |
3 | 18,000 | 5,400 | 1,800 | 5,400 | 3,600 |
4 | 54,000 | 16,200 | 5,400 | 16,200 | 10,800 |
5 | 162,000 | 48,600 | 16,200 | 48,600 | 48,600 |
6 | 486,000 | 145,800 | 48,600 | 145,800 | 97,200 |
7 | 1,458,000 | 437,400 | 145,800 | 437,400 | 291,600 |
8 | 4,374,000 | 1,312,000 | 437,400 | 1,312,000 | 874,800 |
*In USDC
The next levels will keep increasing applying the same math.
NFT:
Dividends
To ensure the seamless withdrawal of dividends, a small 10% fee will be applied. This fee will be automatically converted into tickets and deposited into a level 1 draw by the contract itself. You won't need to lift a finger, as the contract will handle all the calculations for you.
For example, let's consider a scenario where a user has accumulated $3,000 in dividends and wishes to withdraw them. They will receive $2,700 in USDC, while the remaining $300 will be used to purchase tickets, which will then be deposited into the next ongoing draw during its registration phase. This process guarantees a smooth and hassle-free experience, ensuring that you can enjoy your dividends without any additional effort on your part.
Referrals
To ensure a smooth process for claiming rewards from referrals, the same 10% fee will be applied. Similar to the dividend withdrawal process, this fee will be automatically converted into tickets and deposited into a level 1 draw by the contract. Rest assured, you won't have to take any extra steps, as the contract will efficiently handle the calculations on your behalf.
For instance, let's say you have earned referral rewards amounting to $200. After applying the 10% fee, you will receive $180 in USDC, and the remaining $20 will be converted into tickets and deposited into the next ongoing draw during its registration phase. This user-friendly approach ensures that you can effortlessly claim your referral rewards and keep the lottery wheel spinning with ease. Enjoy the journey of reaping rewards from your referrals without any added complexity!
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