🎫LEV Lottery System
Use $LEV tokens to enter the LEV Lottery and win big
Last updated
Use $LEV tokens to enter the LEV Lottery and win big
Last updated
LEV offers a unique lottery system as a way for token holders to earn from the trading profits.
50% of the trading profits are assigned to the lottery prize pool, and all you need is a ticket for a chance to win.
Winning tickets are selected using Chainlink Verifiable Random Function (VRF) to ensure integrity in the LEV Lottery System.
The LEV lottery is simple:
Hold 10,000 $LEV tokens (This rate is adjustable over time)
Purchase a lottery ticket for 10 $LEV using the LEV dapp
At the end of the 7 day period, 10 winning tickets are drawn all receiving an even 10 way split of the lottery's pot.
Lottery tickets are only valid for the draw in which they were purchased.
There is no limit to how many tickets you can purchase for a lottery draw
How does the lottery's pot fill?
50% of all LEV trading profits go into the lottery pool drawing.
25% of all ticket entry fees are also provided as a reward to the lottery winners.
Example of how the lottery works: Lottery Draw 1 goes live: LEV traders made a total of $5000 leverage trading. 50% is allocated to the lottery reward pool ($2500) 10,000 Lev tokens were used to purchase 1,000 Lev lottery tickets. 25% of those Lev tokens are allocated to the lottery reward pool (2500) When the lottery winners are drawn, each winner would receive 250$ USD as well as 250 Lev tokens.
