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Title: Lottery On Pancakeswap Post by: Kongxx on March 09, 2021, 05:26:05 AM What is the lottery on Pancakeswap?
Casino? Gamble? is this anything to do with crypto? Title: Re: Lottery On Pancakeswap Post by: Scripture on March 09, 2021, 05:34:07 AM Its gambling since its lottery and you need to spend CAKE to by tickets but of course, Pancakeswap is not a casino as far as I know.
He're a more details about lottery and FAQ is available on their site, see it for yourself: https://docs.pancakeswap.finance/lottery-faq Title: Re: Lottery On Pancakeswap Post by: Bttzed03 on March 09, 2021, 06:15:53 AM Don't think of it negatively because it's just part of their marketing strategy to attract users. It is also a clever way of getting back CAKE from investors/traders and burning them to reduce the supply.
Quote from: https://docs.pancakeswap.finance/lottery-1 Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner). Match 3 numbers in the exact order = win or split 20% of the pot. Match 2 numbers in the exact order = win or split 10% of the pot. Burn the remaining 20% of the pot. Please note - in the event that no participants were able to match 3 numbers on any draw, the 20% allocated to winners will then be burned accordingly. Joining lottery is one way to support the Pancake ecosystem. |