we hosted an amazing AMA with LuckyChip on the 26th of November
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as LuckyChip ?
No problem. This is LuckyAllen, the Project Manager of LuckyChip
LuckyChip is the First Prediction GameFi with Bet Mining and Bank Farming
in short, it is a “Defi Casino”
where every users can farm through playing and also be the owner of this “defi casino”, not just as players
Q2. What’s the motivation for starting this project? And what are the Main Features that distinguish LuckyChip from its competitors ?
This question is very important! thanks for asking. The current Prediction Games in crypto world are weak designed in 3 key elements:
1) Less Rewards to Players: Users only get paid when they win. No extra incentives.
2) No Access to be Bankers: Users can only participate as players. No other roles or TVL contribution.
3) Token Price Dumping: Users always dump and token price keeps falling.
So as a result, there is NO dominating project in prediction category yet, which is Trillion Dollar business in traditional world, and should be one of the biggest category in crypto world. That’s why we start this project
And LuckyChip will be the Leader of this sector with 3 BIG Innovations:
1) Bet Mining: Lucrative incentives to resolve “Less Rewards to Players”
Players at LuckyChip can mine LC from their betting volume, no matter win or lose.
2) Bank Farming: House Bankroll available to resolve “No Access to be Bankers”
Users at LuckyChip can contribute TVL to the House Bankroll and farm on it.
3) Lucky Power: Well-designed tokenomics to resolve “Token Price Dumping”
LuckyChip Earnings (“Lucky Bonus”) will 100% distribute to LC Holders weighted by Lucky Power.
Q3. What can users do or earn at LuckyChip ?
Good question! Before answer that, I would like to anounce that we also prepare an extra bonus of $50 to 5 lucky audience who are the 1st one to CORRECTLY answer our questions at the end of AMA in our TG group
There are 4 KEY roles for users at LuckyChip, and all of them can farm and earn from the growth of LuckyChip. They are:
Player, Banker, Referrer and Farmer
Lucky Players – Play to Earn
- Earn LC Token from Bet Mining
- Earn Lucky Bonus from Lucky Power
- Earn Lucky Lottery from Daily Lucky Draw
Lucky Bankers – “Bank to Earn”
- Earn from Banker Edge (Contribute TVL and become the House Bankroll)
- Earn LC Token from Bank Farming (Single Crypto Staking and Farming)
- Earn Lucky Bonus from Lucky Power
Lucky Referrers – “Refer to Earn”
- Earn 5% of LC token from Friends’ Bet Mining
- Earn 5% of LC token from Friends’ Farming
- Earn Lucky Prize Everyday
Lucky Farmers – “Farm to Earn” ( Liquidity Providers )
- Earn from Trading Fee
- Earn LC Token from Liquidity Farming
- Earn Lucky Bonus from Lucky Power
Q4. What is the role of token in your ecosystem? Could you tell us a bit about the tokenomics of your project?
Sure! LC is the LuckyChip Token. and 100% of LuckyChip earnings will be distributed to LC holders.
- 1 billion hard cap, 100 per block, 10% reduction every month
- 40% Farmer, 30% Banker, 15% Player, 5% Referrer, 8% Team, 2% Ecosystem
- Player bet with LC enjoys higher Bet Mining rate and higher chance of Lucky Lottery
- Banker bank with LC enjoys higher Farming rate and stable Lucky Power
as we can see from the PIC above, all 4 roles of users are the builders and shareholders of LuckyChip, and can earn a lot from our tokenomics
Dont forget to join our TG group to win extra $50 !
We also prepare an extra bonus of $50 to 5 lucky audience who are the 1st one to CORRECTLY answer our questions at the end of AMA in our TG group
t.me/luckychip
Q5. Can you please provide some progress on your Roadmap? Is LuckyChip audited already?
Cool, first of all, let’s take a look of our Roadmap
Now we already complete all our backend codes and audited by CertiK and PeckShield
on the other hand, we complete 90% of our Frontend – website:
luckychip.io
in addition to that, we just start our social media marketing:
Telegram: https://t.me/luckychip
Discord: https://discord.io/luckychip
Twitter: https://twitter.com/@luckychip_io
And here we will put best questions from our members and LuckyChip fans:
Q1.I read there was a name”Certik and PeckShield” that does a full smart contract audit from LuckyChip.
Can you give us more details about your audit process? How it will provide total security to your users And, How to work around it to make it more secure and reliable ?
No problem. let me share some details of our audits
in addition to the full list of code checking
there is limited authority for adminAddress
- No Migration Code in MasterChef
- Time Lock for adminAddress
- Multiple Signature for adminAddress
Q2. As i see on your website Play to Earn, Bank to Earn, Refer to Earn and Farm to Earn have caught my attention. Can you share details? Tell us more about them? Is it something new that your project makes compared to other GameFi projects ?
Yes. There are 4 KEY roles for users at LuckyChip, and all of them can farm and earn from the growth of LuckyChip.
Lucky Player, Lucky Banker, Lucky Referrer, Lucky Farmer
All of them are the builders of LuckyChip, so they can not only earn LC token farm from participating in LuckyChip, but also share 100% of the earnings of LuckyChip
they are the OWNER of this amazing DEFI CASINO
Q3.LuckyChip is the 1st Prediction GameFi with Bet mining and a d bank farming, so can you tell us how can we distinguish LuckyChip to other betting Platforms? And how users can get monetize in your platform ?
LuckyChip distinguish itself to other betting Platforms with THREE BIG Innovations:
1) Bet Mining: Lucrative incentives to resolve “Less Rewards to Players”
Players at LuckyChip can mine and farm LC token from their betting volume, no matter win or lose.
2) Bank Farming: House Bankroll available to resolve “No Access to be Bankers”
Users at LuckyChip can contribute TVL to the House Bankroll to be a Banker and farm on it.
3) Lucky Power: Well-designed tokenomics to resolve “Token Price Dumping”
LuckyChip Earnings (“Lucky Bonus”) will 100% distribute to LC Holders weighted by Lucky Power. So much HOLDERs and less Sellers for LC
Q4.Luckychip is prediction GameFi with Bet mining and Bank Farming bright-big . Currently, The betting platforms market is occupied by monopolists big players. Is there any way to prevent the monopolization of power ? How do you make sure the betting algorithm you use is really Fair ?
“Is there any way to prevent the monopolization of power ?”
Of course! that’s why LuckyChip is “DEFI” casino, not a traditional one.
with blockchain and defi, LuckyChip is already decentralized.
with LuckyChip Tokenomics, over 90% of our tokens are distributed to LuckyChip builders. they are:
Lucky Players, Lucky Bankers, Lucky Referrers and Lucky Farmers
“How do you make sure the betting algorithm you use is really Fair ?”
in crypto world, we dont have to trust anybody, we trust the codes. code is everything.
That’s why we spend lots of time and resource doing audits
with the toppest auditors like CertiK and PeckShield
Actually we completed 2 audits already and one more in the process
so totally 3 audits. all info are available in our DECK
https://drive.google.com/file/d/1n3n6kqlJp6ENfKJ86rv6U2VScnzr-Zno/view
Q5. At LuckyChip we can Earn in four ways, namely, “Play to Earn, Bank to Earn, Refer to Earn, & Farm to Earn”. Can you explain the Earning Mechanism of Luckychip in a simple way? what is the difference between each Earning mechanism? How to start and how to proceed?
sure. each roles can Earn Revenue and Farm LC Token at LuckyChip, according to the PIC below
$50 Give Anway~ IMPORTANT!
Remember to Join our TG group and follow our Twitter.
Additional lucky prize of $50 will give to 5 Lucky followers in our TG group
Q6 what’s the website link/URL of Luckychip?
Q7 Partnership is one of the most important aspects of a project’s success. So, are you planning to collaborate on big programs in the near future?
yes
We will have great partnerships on BSC
It’s confidential now and pls follow our social media’s
Q8 I am not a professional player and even very afraid to gamble even in hard-to-win casino games, I mean what is the difference between a lucky coin platform and what is the real chance of winning?
GOOD QUESTION
two points: 1) the trust, 2) the payout
1) the trust: in blockchain and with top audits, trust issue can be resolved at LuckyChip, so it is the most fair Casino ever
2) the payout: KEY feature at LuckyChip. Play can earn and farm LC token no matter they win or lose. That’s BET MINING innovation here
players can win a lot more and also become the owner of this defi casino
by farming LC token through betting
Q9 You claim that Luck Power Is the certification as a LuckyChip Builder, nevertheless, as there’s not much information on Lucky Power, would you mind explaining what makes it an important component of LuckyChip’s development? Moreover, What do mean by “certification “?
for sure!
In addition to just to hold LuckyChip token LC
we encourage LC holders to put them “working” or just not claim them
also refer to the same PIC
we can see “unclaimed LC” weighted the most in calculating lucky power
which will lead to less price pressure and more HOLDER
for “staked LC”, we encourage holders to stake them to be the BANKER of LC dice table, to enjoy earnings and farmings
so, Lucky Power = 100% × “Unclaimed LC” + 50% × “Staked LC”
Q10 Every day there are new projects coming up and most of them are doing scams and pulling them off the rug! How do we trust you? Do you have any reputable capital or backers backing your project?
now the last question
as I mentioned before. Security is the top priority
that’s why we spend lots of time and resource doing audits
with the toppest auditors like CertiK and PeckShield
actually we completed 2 audits already and one more in the process
and in addition to that we also have timelock and limited authority for adminAdress
And this was the end of our AMA with Luckychip.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://luckychip.io/
Twitter :- https://twitter.com/luckychip_io
Discord :- https://discord.io/luckychip