🐶
ScoobyDAO
ScoobyDAO is a lottery played with tokens and managed with LOTA's DAO.
This documentation is in beta, it can still be changed
🐶 ScoobyDAO 🐶
- If you have created a token and it is supported by Terra's blockchain, you can create your own lottery by depositing liquidity and that liquidity will serve as a jackpot.
- The holders of your token will be able to play your lottery. They will have to buy a ticket with your token to hope to win part of your previously deposited liquidity.
ScoobyDAO lottery tickets contain 4 symbols.
- Symbols range from [ 0 - 9 ] & [ a - f ]
- 🥇 1st: All symbols are the same and in the right place. He wins
x% of the jackpot. - 🥈 2nd: 3 symbols in the right place. He wins
x% of the jackpot. - 🥉 3rd: 2 symbols in the right place. He wins
x% of the jackpot.
The remaining
x % are burned 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥For your combination to be valid, the symbols must be in the right place!
What does "must be in the right place" mean?
- Your community now has access to a lottery that is played with your tokens.
- This aims to reduce the circulation supply. This diversifies and increases the number of holders of your token.
- The bigger the jackpot, the more players there will be.
Your lottery is managed by LOTA holders and will have the same rules as all the lotteries carried by ScoobyDAO.
All ScoobyDAO lotteries are part of the LoTerra ecosystem and therefore the LOTA holders are the decision-makers of the operation of its lotteries.
LoTerra DAO shares % of the winner's winnings of the different Pools
Last modified 1yr ago