DeFi Land is a multi-chain industrial simulation game designed to gamify DeFi. The game will have all the characteristics of the conventional platform, but will integrate all on a single platform.
Details and situations
- Total Tokens: 70,000,000 DFL (.seven% of the complete DFL provide) unlocked
- Price per token: .005 USD
- The complete capital mobilized is USD 350,000
- Method: lottery assignment
- Allocation for just about every winning ticket: USD 70 equivalent to DFL 14,000
- Total quantity of winning tickets: five,000 tickets
- Pool opening hrs: 19:00 on eleven/24 (Vietnam time)
- Pool closing time: 07:00 on 25 November (Vietnam time)
- There will be a Pool RAY devoted to mobilization.
- The award will be established by a lottery process.
- There are two durations of snapshots to ascertain ticket assignment: seven days and thirty days.
Duration seven days
- Conditions: Bet at least a hundred RAY in advance of seven days expiration and efficiently deposit USDC just after opening the pool. RAY nonetheless requires to be staked until finally the pool opens.
- Tickets: one ticket for each a hundred RAY wagered – up to five tickets. Bet on 500 RAY and acquire up to five tickets.
- Bidding time period seven days: from 19:00 on 17/eleven
time period of thirty days
- To reward extended-phrase Raydium holders, consumers who qualify for the thirty-day time period will acquire an added ticket in addition to all tickets obtained inside of the seven-day time period.
- Conditions: Bet at least 50 RAY thirty days in advance of the expiry of the thirty day wager in a row and efficiently deposit USDC just after opening the pool. RAY nonetheless requires to be staked until finally the pool opens.
- Tickets: one ticket each 50 RAY, up to five tickets and one added ticket each added one,000 RAY.
- Example: Alice wagered two,500 RAY thirty days in advance of the deadline. You will acquire twelve tickets, five tickets for an allotment time period of seven days up to a hundred RAY, five tickets for a time period of thirty days up to an allotment of 50 RAY and two added tickets for each one,000 RAY.
- thirty-day episode time period: from seven:00 pm on October 25th (snapshot procedure in progress).
How does it function
Ticket: Users acquire tickets in accordance to the over allocation. However, in purchase for a ticket to be counted in the lottery, consumers have to deposit USDC for just about every ticket they want to participate in.
Example: Alice has twelve tickets as in the illustration over. Bob bets 300 RAY seven days in advance of the deadline and will acquire three tickets.
To deposit: When the pool is opened, consumers have to efficiently deposit USDC 70 for just about every ticket in purchase for the ticket to be counted in the lottery process. Users can opt for to deposit significantly less than their complete ticket allotment, on the other hand, tickets without having a matching deposit sum will not be entered into the lottery. Deposits have to be multiples of 70 USDC.
Example: Alice deposits 840 USDC, her optimum sum, to assure that all twelve of her tickets are entered into the lottery. Bob deposits USDC 140 even although he has three tickets simply because he requires USDC 70 to get Alice an intriguing NFT that day. In Bob’s situation, only two tickets can participate in the lottery.
Lottery: When the pool closes, the raffle will get spot and the winning ticket will acquire USDC 70 awarded to DFL. Lottery outcomes will be announced as quickly as the pool closes.
Example: Alice has one winning ticket and will acquire an award of 70 USDC. Bob has no winning tickets, great luck following time!
Claim ownership: Once the lottery is finished, consumers will be capable to withdraw their USDC for any non-winning tickets. Requests to acquire DFL from winning tickets will open when the exchange for IDO DFL starts (specifics under).
Example: Alice asks her for 770 USDC and Bob asks for her 140 USDC at the finish of the lottery. Alice has to wait for the DFL IDO to acquire her DFL.
Transparency of the lottery
The lottery will be run in series, with the numbers assigned to the tickets in the purchase the consumer deposited into the pool. After the pool is closed, the winning quantity will be established by hashing a block, multiplying it by the timestamp and matching the final two digits of that quantity to the user’s ticket quantity. Any ticket quantity with the matching final two digits will be viewed as a winning ticket. This procedure will be repeated until finally all winners are established
Trade DFLs on Raydium
- Token beginning cost: .005 USDC
- Starting time 19:00 on 25/eleven
- How it comes about: Raydium will launch a DFL / USDC (LP) liquidity pool, then trading will be lively on the Raydium Swap interface. AMM will commence ordering on Serum shortly just after the release of the LP. Attendees with winning tickets on AcceleRaytor can also declare tokens all over the time of the DFL / USDC LP launch.
- Fusion Pool – Provide Cash to Earn DFL Rewards: Users can participate in staking by giving funds to DFL-USDC LP to acquire curiosity on the Fusion Pool. The reward will be DFL tokens. Release rewards on the Fusion pool will commence straight away just after LP launch, offering consumers time to include funds and join the agricultural manufacturing pool.
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