What is Lottery Token (LOT) | What is LOT token

In this article, we’ll discuss information about the Lottery Token project and LOT token

The Lottery Token is the first Lotto related Token on the Binance Smart Chain. It features an automated and integrated Lottery in the contract itself. The Lotterypool is filled with 2% of the 6% fee per transaction, the other 2% get instantly redistributed among all holders and the other 2% are burned. The frequency of the lottery is based on the traffic and triggers after reaching 0.1% of the current total supply. Holders don’t need to buy tickets, holding a minimal amount results in a lifetime participation. This minimal amount will be changed over the time depending on the current price of LOT to still be affordable for everyone. The goal is to create a fair Lottery for anyone involved.

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Lottery

Our decentralized lottery is funded by a transaction tax - 2% of every LOT transaction get’s entered into a virtual lottery pool.

When the pool reaches 0.1% a drawing is conducted, and the pool is instantly sent to the winning LOT holder.

The only thing you have to do to participate is own LOT!

How to see who won: Everyone who hits the jackpot, gets their winnings automatically from the zero address.

You can check all winners, simply by looking at the smart contract and filtering by this address: Winners

Tokenomics

The total supply was 2,500,000LOT.

After the initial burn of 50% we listed on Pancakeswap. Besides the 2% Lotterypool Fee, there are 2% burned and 2% shared for all holders with every transaction.

Sharing

Earn LOT just by holding.

Hold more, earn more, it`s that simple.

With every transaction 2% are shared between all holders, simply watch your bag growing.

Deflation

Your LOT gets more valuable over time since 2% are burned on every transaction.

Glowing Drum

Roadmap

Initial Phase

Presale with DxSale
Launch on Pancakeswap
Complete redesign of our Website
Community Events

Second Phase

Marketing Campaign
CoinMarketCap Listing
CoinGecko Listing
Airdrop for Holders
Adding more functionality to our Telegram Bot

How and Where to Buy Lottery Token (LOT)?

LOT token is now live on the Binance mainnet. The token address for LOT is 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $WBNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap LOT token

Contract: 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7

Source : Dr Niki

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once LOT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com

Find more information LOT

☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Social Channel 4 ☞ Social Channel 5 ☞ Social Channel 6 ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #lot #lottery token