The CHUCK Burn Lottery is an initiative designed to encourage community engagement. Interested Chuck Telegram community members can participate in regular CHUCK lotteries for a chance to win $CHUCK tokens!
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How the Burn Lottery works:
Starting Wednesday, August 14, 2024, interested participants can send 4,000 $CHUCK tokens to the wallet address provided in the entry form. Note that the address has changed from previous events.
The lottery entry window will stay open for 7 days and close on Tuesday, August 20 at 10 PM EST.
Winners will be randomly drawn, using a random choice generator.
67% of the tokens will be distributed to the lottery winners, and the other 33% of the tokens will be sent to a burn wallet and permanently removed from the circulating supply!
Chuck Community members may have unlimited entries!
Please note, that the entry amount of $CHUCK will vary per event.
The Burn Lottery Winnings Distribution:
PLACE | WINNINGS |
1st | 33% |
2nd | 11% |
3rd | 5% |
4th | 2% |
5th - 20th | 1% |
Tokens Burnt | 33% |
Official Rules:
Participants must be members of the CHUCK Telegram community.
Valid Entries will only be accepted during the stated entry times and dates.
All entries are final. No refunds will be provided once $CHUCK tokens are sent to the designated wallet address.
The Burn Lottery is subject to local laws and regulations. Participants are responsible for ensuring their participation is legal in their jurisdiction.
The CHUCK team reserves the right to modify the rules and terms of the lottery. Any changes will be communicated to the community in advance.
Any attempt to manipulate or defraud the lottery process will result in disqualification and potential legal action.
Participants are aware that cryptocurrency transactions are irreversible and some transfers may not complete.
The lottery drawing process will be transparent and verifiable. Details on the random choice generator and verification process will be shared with the community.
Risk Disclosure:
The value of $CHUCK tokens can fluctuate, and participants accept the risk of potential loss. $CHUCK is a meme token and should not be considered as an investment vehicle or a medium for profit. The value of $CHUCK is not promised or guaranteed. The primary purpose of $CHUCK is to encourage community engagement and facilitate participation in a community-driven meme culture project. Purchasing $CHUCK should be regarded as a form of participation and support for the project, not as a financial investment with an expectation of profit.
For any questions or concerns, participants can contact the CHUCK team via the Chuck Community Telegram: https://t.me/Chuck_on_Base.
FAQs
1. What is the CHUCK Burn Lottery?
The CHUCK Burn Lottery is an event designed to engage the community and reduce the circulating supply of $CHUCK tokens. Participants can enter by sending $CHUCK tokens to a designated wallet, with a chance to win tokens while also contributing to a token burn.
2. How do I enter the CHUCK Burn Lottery?
To enter, transfer 4,000 $CHUCK tokens to the designated wallet address provided in the lottery Entry Form. Each transfer of 4,000 $CHUCK tokens equals one entry.
3. What is the entry fee for the CHUCK Burn Lottery?
The entry fee is 4,000 $CHUCK tokens.
4. Can I enter the lottery more than once?
Yes, participants can enter the lottery multiple times. Each transfer of 4,000 $CHUCK tokens counts as one entry, and there is no limit to the number of entries you can submit.
5. What happens if I send more or less than 4,000 CHUCK tokens?
Any amount over or under multiples of 4,000 $CHUCK tokens may be returned to the sender, minus any applicable gas fees, and will not count towards an entry.
Example:
4,000 $Chuck Tokens = 1 Entry
12,000 $Chuck Tokens = 3 Entries
11,999 $Chuck Tokens = 2 Entries
6. Which tokens are accepted for the lottery?
Only $CHUCK tokens on the Base network are accepted. The Chuck On Base Team is not responsible for other tokens or tokens sent on other networks, and these tokens may be lost or unrecoverable.
7. How are winners selected?
Winners are selected randomly using a random choice generator after the lottery window closes.
8. How are the prizes distributed?
The collected tokens are distributed as follows:
1st Place: 33%
2nd Place: 11%
3rd Place: 5%
4th Place: 2%
5th-20th Places: 1% each
Tokens Burned: 33%
Any $CHUCK token winnings will be sent to the same wallet address that the entry tokens were received. The Chuck On Base team will publicly announce the winners and will make the best effort to let the winners know when their tokens will be distributed before the transfers.
9. What happens to the tokens that are burned?
33% of the collected tokens are sent to a burn wallet and permanently removed from the circulating supply, helping to reduce the total supply of CHUCK tokens. A receipt of the burn transaction will be posted from the official CHUCK channels.
10. When does the lottery window close?
The lottery window closes on Tuesday, August 20th at 10 PM EST.
11. Can I get a refund for my entry?
All entries are final, and no refunds will be provided once $CHUCK tokens are sent to the designated wallet address.
13. Is the lottery legal in my area?
Participants are responsible for ensuring that their participation in the CHUCK Burn Lottery complies with local laws and regulations regarding cryptocurrency transactions.
14. What should I do if I have questions or issues?
For any questions or concerns, participants can contact the CHUCK team via the Chuck Community Telegram: https://t.me/Chuck_on_Base.
