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Lottery Token priceLOT
Lottery Token old contract has been migrated to a new one.
This is a preview page.
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
Do you own this project?
- Total supply
- 1B LOT
- Circulating supply
- 0 LOT
Max. supply
1B LOT
Lottery Token old contract has been migrated to a new one.
Lottery Token community
Lottery Token Holders
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Top Holders
LOT: A Decentralized Lottery Protocol on BASE
LOT is a decentralized lottery protocol designed to simplify participation in prize draws. Built on the BASE blockchain, it eliminates the need for traditional tickets or manual entries. By holding at least 20,000 LOT tokens, users are automatically eligible to participate in the lottery, making the process seamless and accessible.
How It Works
The system operates on a straightforward mechanism. A 5% fee is applied to every transaction involving LOT tokens. This fee is added to the prize pool, which continues to grow with each transaction. Once the pool reaches a total of 1 million LOT tokens, a winner is randomly selected from all eligible participants. The only requirement to qualify is holding the minimum balance of 20,000 LOT tokens in your wallet.
Randomness and Security
To ensure fairness and transparency, LOT uses Chainlink VRF (Verifiable Random Function), a trusted standard for generating secure and verifiable random numbers in blockchain applications. This guarantees that the lottery results are both unpredictable and tamper-proof. The use of Chainlink VRF ensures that every draw is conducted with the highest level of integrity, providing participants with confidence in the system.
Open-Source and Transparent
All smart contracts used in the LOT protocol are open-source, allowing anyone to review and verify the fairness of the system. This commitment to transparency ensures that the protocol operates as intended, with no hidden mechanisms or potential for manipulation. By leveraging blockchain technology, LOT provides a decentralized and trustless environment for its users.
Key Features
Automatic Participation: Simply hold 20,000 LOT tokens to be eligible for the prize draw. No manual actions or ticket purchases are required. Growing Prize Pool: A 5% transaction fee continuously adds to the prize pool, ensuring it grows over time. Random Selection: Winners are chosen randomly using Chainlink VRF, ensuring fairness and unpredictability. Decentralized and Transparent: The protocol is fully decentralized, with open-source smart contracts that anyone can audit.
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