Lottos are in high demand right now on the crypto space and they’ve shown great potential to be integrated not only as a game, that’s why we’ve developed a carefully crafted yet simple mechanism to use a lottery as a feature for SBD. Scooby Prize is a raffle in which participants buy tickets with SBD to be drawn at the end of the period, the price and limits to accquire them are dependant on several variables such as price and trading volume to ensure fair chances for the participants.
Remember, you can participate and buy tickets to enter through our dashboard, just connect your wallet and go to the ScoobyPrize space. The prize will be claimable at the end of the cycle.
Scooby Prize is also the first stepping stone to the token burn strategy that will be fully deployed, allocating 20% of the tickets pool to periodical burns. This is as part of our firm conviction that burns should be used in a sustainable manner to benefit the projects and the holders, and to leave room for future holders to have a significant participation achieveable.
10% of the tickets pool will go to the Market Maker, a feature developed to add an extra layer of protection and safety to the project and our investors’ assets. It will respond to high sudden trading operations as an additional implementation to the anti-whale features, buying when whales perform big dumps and selling sustainable and not too impactful amounts when large buys are performed and price is high. This is to ensure that the MM will have enough resources to perform buys if needed at a high price. This market maker will burn funds if it has enough, ensuring that burns will push and sustain high prices.
But of course, the main topic is the prize itself, and it is the 70% of the tickets pool what you can get if you win. The more tickets you buy, the higher the chance to win. And of course, given the use of the rest of the pool, your participation will increase the value of your holdings regardless.
So go grab some tickets, you may be the next lucky winner!
BE THE NEXT ONE