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PancakeSwapPancakeSwapby0xda67c6423FCD8aBEa9A02Ef515EdfB62880D27380xda67…2738

Add a new low loss lottery game

Voting ended over 5 years agoSucceeded

Lets consider adding another lottery with the goal of pulling more CAKE out of circulation. We should add a lottery where the participant deposits the ticket size in CAKE which after the lottery the ticket losses two percent of its value. We increase the lockup time by the ticket have to be locked up before the draw by several hours. The one winner takes the pool plus a relatively small fixed amount of CAKE from treasury. The numbers below are for example.

50 players put in 100 CAKE. At the bell they lose 2 CAKE each. That leaves 100 CAKE for the one winner plus the juice from the house.

500 players put in 100 CAKE or 500 tickets are bought. That leaves 1000 CAKE plus the juice for the winner.

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Timeline

Nov 06, 2020Proposal created
Nov 07, 2020Proposal vote started
Nov 15, 2020Proposal vote ended
Oct 26, 2023Proposal updated