On September 12, 2021 at 6:00 PM UTC, we will be launching the KuSwap Lottery. The KuSwap Lottery is a means to let everyone have a chance at winning huge KUS prizes while burning up KUS which permanently reduces its supply.
The KuSwap lottery allows everyone to purchase tickets using KUS at the price of 1 lottery ticket per 1 KUS. This ticket generates a random 6-digit number which gives you a chance to win huge KUS prizes. Special prizes may also be available from time to time in addition to the KUS rewards.
How to Join
- There will be 2 draws each day, once every 12 hours.
- You have to connect your wallet and buy tickets in order to participate.
- The tickets are only valid for the round it was bought at.
- The price for each ticket is 1 KUS.
- You can buy tickets in bulk up to a maximum of 100 tickets per purchase.
- Buying in bulk gives you discounts.
- There is no limit as to how many tickets you can buy.
- Each ticket you buy will generate a random 6-digit number.
- At the end of each lottery round, a winning number will be drawn at random. Your ticket/s will have to match the winning number from left to right. The more numbers you match, the bigger the prizes.
How to Check if you’ve Won
- Make sure your wallet is connected to KuSwap Lottery.
- There will be a button on the lottery page that you can click in order to check if any of your tickets for the current round matches the winning numbers.
- If one or more of your tickets match, you will be able to claim your prize.
Aside from the regular KUS Prizes, there are also special prizes to be given away.
1. Limited Edition KUSFOX NFT
The first 100 jackpot winners of the lottery will get a special limited edition KusFox NFT. Holding this NFT gives you a one (1) time entry to “Special Round A” of the next KUSPAD IDO. A total of five percent (5%) of the token allocations for the next IDO will be reserved for the holders of these NFTs. You can win this prize more than once and doing so stacks your allocation.
2. Participating Tickets
All winning and non-winning tickets of the lottery will be used to determine your allocations for Special Round B in the next IDO. A total of fifteen percent (15%) of the token allocations for the next KUSPAD IDO will be reserved for the holders of these tickets. Their allocations will be determined by the following formula:
KUS Prize Injection
To celebrate the launch of the KuSwap Lottery on September 12, 2021 at 6:00 PM UTC, the first 10 rounds will get additional prize injections based on the following schedule.
1st round: 1000 KUS
2nd round: 900 KUS
3rd round: 800 KUS
4th round: 700 KUS
5th round: 600 KUS
6th round: 500 KUS
7th round: 400 KUS
8th round: 300 KUS
9th round: 200 KUS
10th round: 100 KUS
After the first 10 rounds, there will be a regular prize injection of 1000 KUS every time someone wins the jackpot. If these prizes aren’t won on those rounds, they will be rolled over to the succeeding rounds.
Let the Games Begin!!!
This is just the start of the burning mechanisms coming to KuSwap. A lot more developments are coming to KuSwap so make sure to follow our socials.