Play2Earn / Hodl-to-Reward
We are all aware of hot trends in the crypto market.
If you hear about a new blockchain project involving yield farming, DeFi, NFTs or staking you will probably go all crazy about it. It’s definitely a hype!
But come on, how many of you out there, crypto-enthusiasts and newly crypto adopters, really know what all those words mean? (No offense to those who actually know!)
This is not intended to be an educational content, but we do want to focus on one of the trending topics in blockchain: staking.
Just by doing a quick google search you will find many lists full of the best staking coins of the moment, staking platforms and whatnot.
Not to discourage anyone from making their own “staking decisions”, this article only aims to enlighten you to understand how a brand-new level of staking is born with MyLottoCoin.
On top of being a lottery game platform (you can refer to the project website to know more about it), MyLottoCoin’s DNA comprises a staking mechanism we have baptized as “Play-to-Earn / Hodl-to-Reward”.
How is that?
MyLottoCoin is a tokenized reward project. This means that for every minimum of 5 lottery tickets bought at once, the player receives 10 MYL tokens in the same wallet where the payment was made from. Tickets are paid in BNB, therefore all the BNB collected from the sales goes to:
- Prize pool (85% of the total ticket sales)
- Reward Program (10% of the total ticket sales)
- Marketing and OPEX (5%, got expenses to cover, it ain’t free!)
It’s easy to understand what the jackpot is. If anyone chooses the right combination of winning numbers, the jackpot is released to the lucky one!
And, if no one wins, the Jackpot prize stays there and builds up endlessly draw after draw!
What about the Reward Program? That 10% of the total ticket sales collected in BNB is distributed to the eligible users every 3 months, automatically.
To be eligible, all you need to do is have a minimum of 100 MYL Tokens in your wallet and hodl them throughout the reward quarter. If you meet these requirements, you will be automatically included in the reward distribution in proportion to the number of tokens you hold.
Basically, you can passively receive BNB quarterly for as long as you hold a minimum of 100 MYL tokens during that period of time in your wallet, irrespective of playing games!
What kind of staking is this? The most open, transparent, fair and free there is! For three simple reasons:
- You hold a utility token and the reward is received in BNB!
- You don’t need to hold your MYL tokens in any specific wallet or platform. The choice is 100% yours as long as it is an BEP-20 compatible wallet that is not hosted on exchanges, and there are at least 100 of them throughout the quarter!
And this is how MyLottoCoin introduces Play-to-Earn, Hodl-to-Reward (Yikes!)
So, now that you know, catch the speedy train and join MyLottoCoin!
