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We are excited to introduce Pitbull’s latest innovation: PitLottery!
PitLottery is a unique game~lottery where users can win more $PIT tokens by purchasing tickets with their $PIT holdings. It will be a lottery platform rebase on Binance Smart Chain. 1 ticket costs 1 Billion $PIT. Users will receive 1 ticket for each 1B PIT paid. During the draw period, the contract will pick the final number, the winner of all tokens collected in the pool.
https://pitstop.pitbull.community/pitlottery
Following up our new midterm roadmap, we are delivering one by one. Whitepaper updates, brand-new usecases, publications, partnerships… Now it’s time for another function for $PIT holders; PitLottery is here.
The payout from the lottery prize-pool will be as followed;
2% goes to community wallet that will be used for project development such as listings, marketing, donations,
2% goes to burn wallet helping the total supply reduce,
2% will be send to the person who ‘’announce’’ winner. (This will be a button which will be available when at least 3 players are in the lottery and when the previous round ended 8 hours ago or more,
5% of the prize pool will be kept in the lottery for the next round (so PIT prize keeps increasing),
1% is used to pay all the fee’s mentioned above.
The price of 1 ticket: 1B $PIT
You can buy the tickets on PitStop connecting wallet.
Easy and safe to use!
Basic Rules:
- The lottery needs at least 3 players before a winner is announced.
- Every 28800 seconds (approximately per 8 hours) a winner can be announced.
$PIT is safe by design. It is an ownership-renounced token with each buy and sell automatically contributing to a liquidity pool that is locked forever. It is impossible to modify Pitbull’s contract , and it is impossible to pull liquidity from it, which makes the project one of the securest all over BSC. The team behind Pitbull is a fully volunteer team since beginning. As it comes to burning, because of the safe contract concept, there is no manual burn. As a community-driven project with no dev/team wallets, the volunteer Pitbull Team opted to create a community wallet that members can donate in order to further build the project. Listings, shelter donations, advertisement expenses are met by this community funds.
https://pitstop.pitbull.community/pitlottery
Fees:
We will keep delivering these kind of new utility cases to broaden Pitbull’s functions. By this way, supply will be burning faster while participants can earn more PITs.
P.S: We will be updating this article with the lottery link and instructions when it is live.
Follow PITBULL on Social Media:
Twitter https://twitter.com/BscPitbull
Telegram https://t.me/Pitbull_BSC
Reddit https://www.reddit.com/r/pitbulltoken/
https://www.facebook.com/Pitbull-Token-Community-105251538446526
Discord https://discord.com/invite/b2Fk6zxfD4
Weibo https://weibo.com/pitbulltoken
Twitch https://www.twitch.tv/pitbullbsc
YouTube
https://www.youtube.com/channel/UCU6cga_nxaKxhkaH2T7RSkw
Blockchain Explorer Bscscan
https://bscscan.com/token/0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50
PITBULL’s Uttermost Utility Case: PitLottery was originally published in Pitbull Community on Medium, where people are continuing the conversation by highlighting and responding to this story.
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