It is also known as the perpetuum lottery, as you are in it for life, provided that you bought the 18 LOT, that are needed to be eligible. After doing that you are set and your coins will function as a lifetime ticket to a mechanic that is equally fair as it is genius.

Each transaction has a basic fee of 6%, that means either buy, sell or wallet to wallet transfer.

Of the tax 2% is redistributed among all holders, 2% is burned and the last 2% go into the lottery pool.

If this reaches a quantity of 0.1% of the total supply (A super low supply of 1.15m coins), the contract will automatically distribute the jackpot to one lucky holder. Since these draws depend on the size and number of transactions, this means that several draws are possible in one day.

That means your ticket is not only valid forever, it also becomes more valuable as the total supply decreases and you also collect your fair share of interest.

So you don‘t even have to win the lottery to be a winner.

But if that is not enough for you there will be more and more new lotteries implemented into the ever-evolving ecosystem that gets build around the LOT coin.

Just recently the „Pineapple Express“(No relations) got introduced. For the price of 2.5 LOT you can buy a ticket, just by clicking a button on the website. That will help fill up another pot that gets drawn every Sunday, live on Twitch.

Contrary to your lifetime ticket, you can buy multiple tickets and raise your chances of winning this way. You can participate via a button on the website also, just login to your wallet and buy as many tickets as your LOT stash allows.

Once more people discover this token, the livestream will become a brand building event . The last „Pineapple Express “lottery pot was about 4200$ and this is just the beginning.

It should be a no brainer to get the 18 LOT lifetime ticket, this will soon sink into old-coiners, mid-coiners and new-coiners.

The sheer potential the tokenomics convey will make this a sure-fire contestant in an industry that is worth billions, with mass adoption creeping on us from all sides, there is a longing for a global lottery, that LOT can fill.

The coin is back to consolidating in the 2$-4$ price range, after a breakout to an all-time high of 8.5$. An ever-increasing scarcity of an already small total supply plus a low market cap of around 4.5 million is a promise to future growth.

But that is not all, the power of BSC‘s low gas fees and fast network gives the coin an edge on competitors from other chains, which get crippled by horrendous transaction fees and scalability issues. This makes this a fair game for everyone, big and small investors, first or third world, everyone gets the chance to partake.

The randomization provided by the audited contract has proven its efficiency in high traffic.

But cryptography has problems with randomization you might say, and it normally does. The code that got built into the contract is a clever work around and solution, join lottery tokens social media channels on Telegram, Reddit and Twitter to find out more.

The people behind the project have proven their worth to the community, time and time again. With diligence and ambition, they push the boundaries of the field to just find the right mixture to make this thing show the parabolic movements and strong support levels investors are after. A strong road map shows promise to bring traffic to the token, so more and more draws happen daily.

The center of the ecosystem gets build around the newly revamped website, which will simplify and optimize ways to interact with the coin and the many lotteries and mini games that will follow.

These are the key informations of LOT, do your own reasearch and check it out. You can also join their TG group, the devs are very responsive and welcome discussions of any kind., a crucial element, that gives reassurance to the community.

Furthermore the coin is now listed on CMC and CoinGecko, the Liquidity is locked and exchange listings are imminent. Now is the best time to invest, before the market wakes up to this sleeper.

Website: https://lotterytoken.net

This is the start of a new paradigm. In fact, that new paradigm kicked off on the 29th of December 2021 when we released and sold out PlanetZ within 3 minutes. Words cannot describe how proud we are to have such a loving and supportive community.

This being said, let us introduce you to Orbital Alpha — your library for everything you need to know about the PSY Network ecosystem, the NFT space on Solana, and crypto as a whole. Most articles will be public, but the deepest alpha will only be shared and readable for verified holders.

With everything being that exciting and our Discord server having doubled, a lot of new people joined our platform, with a ton of smart questions.Let’s start with a brief summary, followed by utility, tokenomics, and an outlook at what the future is upholding for our NFT DEFI platform.

The OG collection >ShroomZ< minted on the 11th of September 2021 for 1.75 SOL, has a total supply of 2420, and is sitting comfily on a 2.4 SOL floor.After this, the team expanded by adding some of the smartest mints from the community to the team, with a current count of 12 core team members.

The vision is clear: Solana as a service, building the top-notch DEFI NFT platform and setting a new standard in terms of utility for the whole blockchain.

Due to the tokenomics that are necessary to build this financial ecosystem, $PSY, the PSY Network utility coin, and PlanetZ, the season 2 utility NFT had been created, to form the holy trinity of our ecosystem.

On the 29th of December, PlanetZ minted at a price of 0.69 SOL and sold out in around 3 minutes. Currently, they are sitting at a floor of 0.45 SOL and are all still holding exactly 1000 $PSY in their own wallet, ready to be harvested by staking them together with your ShroomZ.

Supply:

If all PlanetZ get harvested, we’d land at 4.269.000 $PSY + rewards, which leads us to a potential circulating supply of around 4.300.000 $PSY. Terraforming all 4 traits of your PlanetZ has a total cost of 600 $PSY since it costs you 150 $PSY per terraformed trait. Half of that get’s burnt forever and the other half flows back into the treasury for future rewards and airdrops. This extracts 2.561.400 $PSY (4269 PlanetZ x 600 $PSY for terraforming) out of the circulation, burns half of it (1.280.700), and therefore leaves us with a remaining circulating supply of only around 1.7mm $PSY.

Now you have a formula that you can use for every upcoming utility, calculate emitted rewards, future use cases, their costs and think for yourself, how you value each $PSY and therefore the power of staking, and passive income.

Redeem your $PSY for

This represents the current developments and goals of Q1 and Q2 but be sure that this is only the beginning. There is much more to come and to be excited about. The future is bright and exciting for PSY Network and we are sure, that over time, our partners will also bring additional utility to the ecosystem.

We thank our partners for trusting us in the early stages and are excited to build the hottest ecosystem on Solana. Bullish on friendship.

LFGROW,

PSY Network

App Url — https://tinyurl.com/ricnatum

Our mobile application, where you can mine every day until the beta of our game is ready on the Android store. Get ready to go to the moon.

#bsc #metaverse #play2earn #gamefi #rcnt #ricnatum

Disclaimer: I am not sponsored or affiliated with any of the projects/companies mentioned in this article. This is not financial advice, the information in this article is for educational purposes only. Never invest what you can’t afford to lose. I disclaim any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed in my articles. Do Your Own Research.

When things turn out in a negative way, people often default to two approaches. They either turn completely anti-crypto(or blame their investment), or they choose blind-positivity in the face of it. Either response is an emotional response, and when it comes to markets, they’re not a place where one should make decisions based on feelings and emotions.

The first step is to accept the current state of things. If your portfolio is down, accept that fact. If you’ve had a loss accept that loss. When one invests only what they can afford to lose this is the reality that someone has to come to terms with. If we accept the situation we can start focusing on ways to remedy it.

If you have heard the terms “bear” and “bull”, these terms exist for a reason. It represents a mentality and a way of thinking where you, either way, chase an opportunity or protect what you have.

Often we do the bull part easily, but the bear part is the one that’s done less.

What does it mean to be bearish?

Even in a bull market, one can be bearish. It’s okay to realize an investment did not do well and to want out of it. Not everything we invest in will be successful, and that’s perfectly fine, it’s natural.

I break down my investments into their fundamentals. In a downturned market, I reevaluate what I’ve invested in and why I invested in it, and determine if its downfall is temporary, or permanent.

If I invested in a token, simply to get a quick return on it, but I don’t believe in the fundamentals of the value of that token. Then that is something that is okay for me to cash out and convert to stablecoin and stake, or farm until the market improves.

This is why I believe in holding my crypto portfolio in predominantly stablecoin over other coins. A 50% stablecoin and 50% market volatile tokens ratio means less risk of a portfolio losing more than 50% value.

Stablecoin: If one has to start over with a small amount, stablecoin staking is a painless process to start. There are several options in both Centralized and Decentralized crypto.

blog.cryptostars.is

Network tokens: If you believe in the fundamentals of the network behind the token you’ve invested in and have done proper risk management on it, then looking for places to single-stake that token while waiting out the downturned market can be an option.

coindix.com

Hedge Fund and Yield Bearing “Node” investments: If an individual has already invested money into these, they have two options: cashout to stables, or compound. This is a personal decision, on one hand, cashing out can be necessary, but expect the selling pressure to continue to drive down the price on these types of investments when the market is down.

I personally, choose to leave my nodes collecting until it reaches a price point I am comfortable with cashing out. I do not add more money into my node investments during a downturned market, and I don’t panic-claim out the rewards. I accept that the project is down, and may or may not recover and make the choice to claim based on the dollar value instead.

I have always said this, and I will say it a thousand times over. The best investment you can make is in yourself. Anything external you invest in will have a risk. Relying solely on the crypto market alone places a person at the mercy of stress and difficult emotions when things are down. During this time I like to lean on my other skills and assets until the market is back up. I write down a plan for what I can do to recoup my losses in the market and outside of the market.

There’s an old saying: “don’t keep all your eggs in one basket”. The meaning behind this is that it’s important to have diversity even in investing. I personally choose to invest in crypto, metals, land, sellable-physical assets, and my own personal skill sets.

I do believe crypto will be fine, markets have their highs and lows, and cryptocurrency is now part of the financial ecosystem.

We as human beings are adaptable. We’re capable of growth and each of us has amazing potential inside of us to be resourceful. Believe in yourself, invest in yourself, and you’ll be banking on the one asset that will provide you the most upside.

Stay Safe and Stay Informed.

Follow @CryptoCookied on Twitter

medium.com

blog.cryptostars.is

STEP 1: Go to the Staking Portal + Find Select Wallet

STEP 2: Connect Your Wallet

If you’re not logged into your wallet’s app, you may have to enter your password before the Staking App will connect.

Wallets shown may vary on the actual app

STEP 3: Enter the Desired Staking Amount

Enter as much SNS as you like. However, you’ll only be allowed to enter the staking pool once, so be sure that you’ve locked up the amount you want before you click stake.

STEP 4: Click Stake!