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Aug 24 2022

TimePacific Time

6:00 am

Your Time

  • Timezone: America/New_York
  • Date: Aug 24 2022
  • Time: 9:00 am



Lottery Pig Launch

New miner on BSC with a lottery component.

The team claims they have been audited, but the contract that was audited is

  • A presale is running up until the miner launches, where BNB deposits receive a 50% bonus on miners vs. their price at launch
  • Compounding and harvesting of rewards is done automatically by the “yield distribution algorithm” daily at 6pm UTC, all rewards are sent directly to your wallet
  • 10.24% daily minimum ROI (3737% APY), with a daily maximum of 12.1%; the team can manually raise it to 15%
  • Payout dates between 7 and 14 days; this is variable depending on the health of the contract
  • Reward payouts capped at 1% of the contract TVL
  • Unstake / emergency withdrawal is available, with a 25% tax
  • 10% referral commission
  • 8% tax on deposits:
    • 4% to the lottery pool
    • 3% to marketing
    • 1% dev fee
  • Lottery draws happen ever 12 hours (6am and 6pm UTC), the winner takes the entire prize pool
    • Prize pools is guaranteed to be 10 BNB
    • 0.01 BNB per lottery ticket
    • Miner rewards can be used to purchase lottery tickets at any time (no waiting for payout dates)
    • Lottery winners can keep their winnings, or reinvest it for more miners with a 50% bonus
    • “Profits” from the lottery are distributed as follows:
      • 70% rollover to the next lottery pool
      • 25% to the TVL of the miner
      • 5% to the dev
      • It’s unclear how the miner would have “profits” to rollover if the winner receives the whole prize pool, as the docs state
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