KuSwap lotto burning mechanics

soul_exe

Hi all and team, please consider improve/revise KuSwap lotto burning mechanics, so it burns tokens depending on number of tickets bought per round, but not per total pot size. Current mechanics reduces pot every round significantly and pot will never be attractive.

Billionaireking

soul_exe Soul I for one would vote for this because as it stands rn the lottery is not attractive considering the fact that it is one of the most difficult I'd ever seen in my entire life.

Especially where winning has to be from first number from left to right. Unlike others where getting any number no matter where gets you a winning. So team should consider your request.

soul_exe

Winning mechanics are probably OK, it has to be difficult to win, otherwise pot will never be attractive.

But currently every round pot is decreased significantly as only 20-30 players buys tickets, including me 🙂.

If pot would increase and would be 50,000 KUS at some point, more people would want to buy lotto and it would be snowball effect and pot would get bigger and bigger.

KuSwapFoundation

Yes, you are correct; we will be burning 1% of KUS from now forth. Thank you for bringing this to our attention.

Oz0352

Nice

BentCrypto

I like it!

MadMax

Good idea.

zafer

What if someone wins and he decides to dump all the KUS i think its to early to increase the pot this early.

We need natural growth of the pot .

olso people will withdraw LP to play in lotto wich will olso is not good for price .

soul_exe

zafer withdrawing LP is not very bad think, bigger APR for new investors 😃.

And natural growth is of course good.

Do you know what probability is to win 6 digits? Very low, but yes, possible.

I would not think 40,000 KUS dump would impact KUS, you even would not notice this is someone sells it.

Probably he/she would use if for rebuy on farming LPs and then play again.

z3r0

zafer I feel sorry for the fools that do, just for a game of chance that most will never win. Lotteries are for suckers and gamblers not traders and investors. Sorry, just my opinion. As long as we all profit from their need to hope and pray for something they consider free then I am fine with it. I just feel bad for them.

Stj

It doesn't matter because someone is manipulating the lottery. I'm sure of it.

If anyone in charge cares about the reputation and integrity of KUSWAP then audit and monitor the lottery immediately. You have a problem.

Stj

Here is the wallet address of the luckiest person ever. The returns I had been getting from playing the lottery daily for 3 months took a sharp and consistent decline starting a couple weeks ago. Now I only loose and this wallet wins at least 1000 kus everyday.

Is this an internal lottery wallet? Doesn't look like one to me.

0xba0136842961207a14734a2102c603707e0511fb