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PancakeSwapPancakeSwapby0xD9d3dd56936F90ea4c7677F554dfEFD45eF6Df0Fjoakoiglesias.eth

Lottery ticket cost change, lottery burn rate allocation change, winning ticket system change

Voting ended over 5 years agoSucceeded

I proposed to do the following:

Ticket Cost and Purchasing: -Change lottery ticket to 1 ticket = 1 CAKE -Allow for people to purchase as many tickets in a single transaction -Add option to automate lottery ticket purchase: for example - add option to purchase 100 tickets and spread them out over the next 100 lotteries.

Winning Ticket: -Need to exactly match 4 numbers and their order. -Remove 2-number and 3-number match win

Burn rate: -Every time a ticket matches the 4-number combination, 50% of the amount form the lottery us burned. -If no one wins, no CAKE is burnt. Full amount if transferred to the following lottery.

Rewards: -Add a 1 month "locked" period for lottery winnings. -During the locked period, allow for the lottery winnings to only be fully or partially used for the purchasing of lottery tickets.

All of these changes will combine to reduce gas fees, increase CAKE burn rate, incentivize people with low liquidity to participate in the lottery, promote lottery winners to continue participating (through the locking system allowing for lottery participation only), increase the likelihood of larger lottery winnings (due to lesser chances of winning with 2/3 matching numbers), and will prevent dumping by lottery winners through the lock period.

Off-Chain Vote

Yes, make changes as shown
13.27K 100%
No, leave lottery system as it is
4.28 0%
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Timeline

Oct 28, 2020Proposal created
Oct 30, 2020Proposal vote started
Nov 07, 2020Proposal vote ended
Apr 22, 2025Proposal updated