Lucky Draw
Last updated
Last updated
xWIN Team’s Motivation for Lucky Draw
1. A simple and convenient feature for users. Those who wants to participate in the Lucky Draw don’t need to buy tickets.
2. What participants need to do:
- Stake XWIN — BNB LP token into xWIN Farm; OR
- Stake XWIN token into xWIN Farm
3. Our intention is to encourage more users to support us, attracting more new users while creating more benefits for our current users.
It’s free and simple, as long as you meet EITHER of the following criteria with your wallet:
· Stake at least 5 XWIN-BNB LP (Approx. 190 XWIN) token in xWIN Farm OR
· Stake at least 400 XWIN tokens in xWIN Farm
Then, click on “Register for Lucky Draw” button and sign the transaction. You only need to register your wallet once.
No. Once you’ve registered, that’s it.
Once a week but it runs randomly on each week. So the lucky draw can fall on any day of the week for each round.
xWIN lucky draw integrated Chainlink VRF to generate the random number on-chain. The numbers are totally random without any interference from any third parties.
The algorithm will pick 5 winners each time.
Winners will get XWIN tokens which is divided equally among the 5 winners. The quantity of XWIN token is varied based on the accumulation from the xWIN protocol pools from the last drawn to the next round of the draw.
No fee. 10% of the prizes won by the users will be deducted and burned accordingly.
· If the staked token is less than requirement, the user will not be qualified for joining a round of lucky draw. So during the lucky draw, if a user is selected but the staked token is less than requirement, he will not get the prize token. · Therefore, participants need to maintain the required amount of staked token to be qualified for lucky draw each week.
