About Lotto.finance
Lotto.finance is a new type of lottery token that automatically enters all holders into a lottery once per week. In one transaction, LOTTO performs a unique rebase that removes 10 tokens from all holders, pools those tokens together, and gives them to one random participant. This token will be an experiment of both technology and human nature. the ultimate goal is to create the first 100% decentralized lottery token on Ethereum, and expand the limit of what’s capable with smart contracts, tokens, and blockchain as a whole. This will be the most entertaining token you have ever held.
Lotto.finance is airdropping free LOTTO tokens to users who’ve met certain conditions. Top 50 DeFi token holders, Upfiring (UFR) holders, PoolTogether users and users who’ve registered for the airdrop via Telegram and 4Chan are eligible to claim up to 2,000 LOTTO. The LOTTO token is specifically designed to alter the supply distribution by removing an equal number of tokens from all holders’ wallets simultaneously, and then distribute these tokens to one LOTTO holder at random. This lottery process occurs once per week.
Lotto.finance is immutable, meaning that the lottery will run every week and no third party can stop it from occuring. After 6 days and 23 hours has passed, anyone can call the startGame() function to commence the lottery. Governance is in the process of being implemented to give the community control over an address that will receive a small tax from each week’s lottery. This will ensure gas fees are covered for whoever initiates the lottery each week.
How To Join
- Visit the LOTTO airdrop claim page.
- Connect your Metamask wallet.
- If you’re eligible, then you will be able to claim your tokens.
- A snapshot was taken on January 18th, 2021 at 6 AM EST.
- Top 50 DeFi token holders mentioned in the below Medium article, Upfiring (UFR) holders, PoolTogether users and users who’ve registered for the airdrop via Telegram and 4Chan are eligible to claim the rewards.
- Top 50 DeFi token holders can claim 400 LOTTO tokens.
- Upfiring (UFR) holders who had at least 1 UFR on the snapshot date can claim 2,000 LOTTO.
- Users who’ve ever bought a ticket on PoolTogether can claim 400 LOTTO and users who’ve interacted with the PoolTogether V2 contract can also claim 400 LOTTO.
- Telegram and 4Chan users who’ve registered for the airdrop are also eligible to receive 400 LOTTO.
- For more information regarding the airdrop and to see the full list of eligible projects, see this Medium post.
How it works
Get LOTTO Tokens
Lotto.finance you’re eligible, claim tokens from the airdrop or get them on an exchange like Uniswap. LOTTO was distributed for free via airdrop, and can be claimed by DeFi token holders in the Claim Portal. The full list of eligibility requirements can be seen in the portal as well. In addition, LOTTO iis available on Uniswap, Bilaxy, and will be listed on several other centralized exchanges in the future.
Wait For Lottery
Lotto.finance holders will have the entry fee automatically deducted from their wallets through LOTTO’s unique startGame( function. No action is required from users in order to participate- simply hold LOTTO in your wallet!
Check Your Wallet
Lotto.finance you win, the jackpot LOTTO will automatically appear in your wallet! After the initial deployment and “experimental” period, where will be testing various parameters to see what works best, LOTTO will move towards 100% decentralization. Communiity governance will be established, and the community will collect a small fee from the lottery to help pay for the gas costs of calling startGame each week.
Anyone can call the startGame() function in the smart contract to start the lottery after 6 days and 23 hours has passed, so the lottery will run immutably once deployed.
Airdrop Claim Information
The airdrop claim portal will go live on either Thursday, Jan 28th, 2021 or on Friday, Jan 29th, 2021. The portalwill be on the website, lotto.finance. The exact date and time will be announced on all of our social channels (Follow our Twitter and Telegram). The airdrop portal will be open indefinitely, so you can claim anytime. The first lottery rebase is set for Monday, February 1st at 2 PM EST, but this is subject to change. Once the first lottery is called, lotteries will occur nonstop everyday at 2 PM EST.
