Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Crypto projects are coming up with new ways to reward users. Whereas previously investors might have only seen value appreciation through holding tokens or staking, now there are many novel ways to generate revenue. Many projects are doing just this – giving users rewards in interesting ways while they do things that they enjoy.
One of these projects is LuckyFi, which offers different kinds of prizes to users on the platform. The project has been in the headlines because it recently began offering what is currently the highest prize in the industry.
Check how to play ▶️ and win more and more #NFTs and #Cryptos
🎉Win $100,000 in #LuckyFi .
Join now👉: https://t.co/WBAStJlC05 pic.twitter.com/UmhJHyent3
Built on the Binance Smart Chain, LuckyFi is a Web3 marketing platform that uses Chainlink’s Verifiable Random Function (VRF) to provide fair and transparent activity tools. Through this, users have the chance to win valuable NFTs and tokens at bargain prices.
LuckyFi is also hosting a $100,000 dollar prize that is currently the biggest prize in the crypto industry at the moment. There is a 1 in 10,000 chance to win this prize and the contest will end in just roughly 50 days. Each entry ticket is worth 0.05 BNB, with a total of 10,000 tickets available.
The team is very keen on the platform being a transparent one, hence the use of Chainlink VRF. All of the results of the competitions can be verified on the chain and the winner selection process is also fair as it is based on algorithms. Participants can be sure that the selection process is fair.
The platform’s native token is LUCK, of which there is a total supply of 100 million. 30% will be allocated towards the token sale, which amounts t o30 million tokens. The token is primarily used to pay the cost of creating activities.
In short, LuckyFi helps solve fairness and transparency when it comes to marketing activities for projects and communities. This will be important as the developments of Web3 become more commonplace. Additionally, it also offers users the opportunity to harvest high-value NFTs and tokens at very cheap prices.
One of the more interesting features of LuckyFi is the Luck-Point Prize pool. Here, there is a total supply of 30 million LUCK, with the initial prize being 30,000 LUCK per day. After this, the prize decreases by 1% per day.
The daily is distributed based on the players’ luckypoints – and remember, 1 BNB is the equivalent of 100,000 LuckyPoints. These points will accrue in the users’ account until they win a prize, after which it resets to zero.
The end result of this system is that the more players participate, the more they win. It’s a win-win for all of those involved. There are also paid and free raffles, in which all players will have to do is connect their wallet, draw activities and hopefully win a prize.
The crypto market is continuing to see innovations that offer all sorts of interesting ways to engage with audiences. Platforms like LuckyFi are some of the best examples of how the marketing industry can also tap into the potential of the technology, giving users unique ways to earn rewards. If you want to learn more about the project, check out the LuckyFi whitepaper.
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