Post
Topic
Board Tokens (Altcoins)
Re: [ANN] 🍀 CLOTBA - High Winning Blockchain Lottery 🍀
by
holydarkness
on 20/01/2022, 16:36:06 UTC
Let's see if this is correct, we buy clotba, 10 clotba equals1 entry to the lottery, which total prize is accumulated from transaction fee, which is 2% of the amount bought, and drawn each week? Wow. And that's the major selling point? How does this appealing?

[...]

A minimum of 10 clotba is required for lottery and bnb rewards. But the number of lottery tickets is not in the form of 10 and its multiples, so if you have 15 clotbas, you can think of it as if you have 15 tickets.
1% of the fees arising from each transaction will be burned, 3% will be distributed to holders as bnb rewards, and 2% will be accumulated in the lottery pot as BNB. Every Sunday, the amount accumulated in the lottery pot will be automatically sent to a lucky wallet. The lottery system works completely decentralized and fair. Source codes can be seen on both github and bscscan. Ownership will be renounced 1 month after the system starts working.

Allow me to make it simpler for you. Here's your major selling point, written in blue: owner of at least 10 clotba is eligible to join lottery. Here's the catch, written in red: total lottery prize is accumulated from 2% of each transaction fee soooooo.... we can only imagine how small it could be, especially if there are only handful people interested to buy/sell during the week. So, the question is, how will this be interesting? How will this feels prospective and convince people to buy and hold your token? Given the winning prize barely as much as the fund required to buy and hold the token