I would like us to generate market demand and attention by creating the world’s first ponzi “Lottery”. Here’s what I’m suggesting:
Every 2 weeks we hold a Twitter Space where one holder of at least 100b $RPG can win 1% of the total weekly reward of that week.
For instance, from Feb 1st - 8th RPG rewards holders as it normally would (5% Rewards & 1% Liquidity Pool). Then, from Feb 9th - 15th, we would distribute the rewards slightly different (4% Rewards, 1% Lotto Winnings, 1% Liquidity Pool. If we wanted we could even increase the tax on sells or buys during this week by 1% to pay for the lotto and have it be 5% Rewards, 1% Lotto Winnings, 1% Liquidity pool). On Feb 15th, we would hold a Twitter space and livestream the winning wallet being chosen in some random way (pulling from a lottery wheel by hand, a computer program spinning wheel, something else that’s visual to make it a spectacle but also to reduce FUD that we don’t choose winners fairly). The next week there would be no lottery and then we repeat the cycle. 2 lotteries max per month.
A holder would need to have atleast 100b $RPG to get an entry and would receive another entry for every 100b $RPG they have after that (this 100b $RPG number can be changed - we could also change the number of winners as we get more volume and the 1% of rewards we put towards the lottery winnings starts to be massive e.g. could be 3 winners where someone wins .5% and two people win .25%)
One technical hurdle but a cool idea would be to incentivize holding $RPG between lotteries by giving those who hold the same balance or more whenever we do the token count to calculate lotto entries for the week more entires. e.g. you held a 100b RPG balance for 3 weeks in a row so you get 2 entries instead of one during the next drawing. You hold it for 6 weeks so now you get 3 entries etc…
I think doing these lottos would make it so whatever coin we’re farming gets excited and wants to buy “their ticket” to the lotto of the coin they’re most excited about while also earning rewards. It would give outside community members a reason to talk and spread $RPG too e.g. “Did you guys get your ticket to the RPG lottery? Winner gets 1% of their volume paid out in COQ! I call it the RPG Coqtery Lottery”
Our first lotto would be for $COQ and I’m really bullish that if $COQ supporters saw by holding $RPG they would get $COQ rewards but also a lotto ticket to win a massive 1% of volume that we would be on our way to breaking all time highs. This would make it so when switching coins people get excited for the lotto too.
All of the math can be changed around - this is a vote to see if RPGdev and team should look into this and come up with a proposal for us to vote on regarding the specifics of the lotto that they think is best.
Do you think the RPG Lotto is a good idea and the team look into implementing it?