Since its recent listing on Uniswap, cryptocurrency users have been flocking to LOTTO, a new crypto that allows holders to automatically participate in a decentralized lottery. In this guide, we will explain the basics of LOTTO, how it works, where to buy LOTTO, and more.
What is the LOTTO Cryptocurrency?
In its simplest form, LOTTO is a decentralized lottery game. By holding LOTTO tokens in your wallet, you are automatically entered into a daily game. Each day, 1 LOTTO tokens are automatically withdrawn from your wallet and entered into the game. These tokens are awarded randomly to one LOTTO holder each day. to be eligible to play, the only thing you have to do is hold LOTTO in your wallet. That’s it.
According to the team:
LOTTO is the first-ever fully on-chain lottery token. This brand new technology automatically removes 1 LOTTO token the pool and rewards 1 random user with ALL of them. All you need to do is hold the token in your wallet to enter!
If you’d like to participate multiple times per day you can split your LOTTO into multiple wallets.
LOTTO is an ERC-20 token on Ethereum’s blockchain. Because of this, we recommend using Metamask to hold your LOTTO. For added security, try a Ledger Nano X.
How To Get Free LOTTO via Airdrop
How to Participate in the LOTTO Airdrop
Currently, LOTTO is being given away for free to crypto holders who held certain DeFi tokens at the time of the snapshot. The list can be found below:
- 0x (ZRX) (Top 100,000 token holders only)
- 1inch (1INCH)
- Aave (AAVE)
- Akropolis (AKRO)
- Alpha Finance Lab (ALPHA)
- Ampleforth (AMPL)
- Augur (REP)
- Badger (BADGER)
- Balancer (BAL)
- Bancor (BNT)
- Band Protocol (BAND)
- Bella Protocol (BEL)
- Bondly (BONDLY)
- Bounce Token (BOT)
- bZx Protocol (BZRX)
- Chainlink (LINK) (Top 100,000 token holders)
- Compound (COMP) (Top 100,000 token holders)
- Cream Finance (CREAM)
- Curve DAO Token (CRV)
- Cvault.finance (CORE)
- Fantom (FTM)
- Frontier (FRONT)
- Gnosis (GNO)
- Injective Protocol (INJ)
- Keep3erV1 (KP3R)
- Keep Network (KEEP)
- Kyber Network (KNC)
- Loopring (LRC)
- Melon (MLN)
- Mirror Protocol (MIR)
- Numeraire (NMR)
- NXM (NXM)
- Orion Protocol (ORN)
- Parsiq (PRQ)
- Perpetual Protocol (PERP)
- Powerpool (CVP)
- RAMP (RAMP)
- Request Network (REQ)
- Reserve Rights (RSR)
- Serum (SRM)
- Sushiswap (SUSHI)
- Swipe (SXP)
- Synthetix (SNX)
- Tellor (TRB)
- Terra (LUNA)
- UMA (UMA)
- Uniswap (UNI) (Top 100,000 token holders only)
- XIO Network (XIO)
- Yearn.finance (YFI)
- Yield App (YLD)
To claim your free LOTTO visit lotto.finance/claim.
The deadline to claim your free LOTTO has not yet been announced. It is recommended to claim your LOTTO as soon as possible.
Where Can I Buy LOTTO?
LOTTO is currently available on Uniswap and Bilaxy.
The team has expressed interest in further exchange listings.
Additionally, the LOTTO team is giving away LOTTO tokens for free to eligible DeFi token holders. See if you are eligible for free LOTTO.
How Much is LOTTO Currently Worth?
How to Buy LOTTO Cryptocurrency
The first step to buy LOTTO is visiting its listing on Uniswap.
From here, link your Metamask wallet. If you don’t already have Metamask installed in your browser, it can be downloaded here: Download Metamask.
Next, enter the amount of LOTTO you would like to purchase.
Select “Swap”. You will then receive another prompt. Select “Confirm Swap”.
This will open up Metamask. To complete your purchase on LOTTO, click “confirm”. For the transaction to go though successfully, you must have enough ETH in your wallet to cover the cost of gas.
That’s it. Wait a few moments for your transaction to finish. You now own LOTTO!
You do not need to complete any further actions to participate in the daily lottery. It’s automatic!
LOTTO is also available on Bilaxy. This is the preferred way to avoid paying excessive gas fees.
How to Earn LOTTO on Uniswap by Adding Liquidity
LOTTO holders can earn more LOTTO and ETH by adding liquidity to the Uniswap pool. Here’s how.
First, go to Uniswap’s ETH-LOTTO pool here.
(Tip: always confirm the correct address is being used for the token. LOTTO’s contract address can be found here.)
Enter the amount of ETH and LOTTO you would like to add to the pool. The “Share of Pool” value is the total percentage of the liqudity pool that belongs to you. You will earn this percentage of fees from transactions.
You will then need to click “Supply”. Then, “Confirm Supply”. This will then open Metamask. You will need to confirm the transaction to add you liquidity.
You will now start earning passive income in the form of ETH and LOTTO.
Every day, the StartGame() Function, which starts the game, is ran at 2PM Eastern Standard Time.
Because of how LOTTO is programed, it isn’t possible to opt out of the daily game. Any wallet that holds LOTTO will automatically have 1 LOTTO removed per day to participate in the game.
Yes, the number of daily entries you have is equal to the number of wallets holding LOTTO. Therefore, if you hold LOTTO in 3 wallets you will have 3 entries into the daily game.
Whether your wallet holds 10 LOTTO or 10,000 LOTTO you will have the same chance of winning. This prevents LOTTO “Whales” from having a disproportionate chance of winning. However, if you separate your holdings to multiple wallets, it will improve your chance of winning LOTTO crypto.
At this time, LOTTO is listed only on Uniswap.