$BSCWIN Bulls AMA with Nerd Labs | Recap
Telegram AMA Conversation Recap: 📝
CRYPTO PILOT (🛹,🛹)
https://markets.businessinsider.com/news/stocks/introducing-the-bscwin-bulls-eden-a-movement-towards-the-people-s-lottery-1030977738
#BullNation is here ✊🏻✊🏻 be sure to read about the Movement
At0x.eth | Nerd Finance
Welcome to our BSC WIN friends!
We’ll be hosting an AMA with the team in 2 minutes. Chat will be muted.
Please check out our Metaverse!
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
Pleasure to be here with you! Got a lot of support from fellow bulls, nice to see
At0x.eth | Nerd Finance
so how are you guys
Satoshi Nakamoto
We’re doing well and are still bullish despite market conditions!
At0x.eth | Nerd Finance
this is just bullish dumping fam
Satoshi Nakamoto
Exactly
At0x.eth | Nerd Finance
market makers need to pay their rent
what are you guys building
give me the elevator speech
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
We’re building what we want to call “The most bullish, sustainable, and revolutionary Cross-Chain NFT/token community of BSCWIN Bulls”
The ecosystem currently consists of an NFT community of 2000 Genesis BSCWIN Bulls (minting is still ongoing on the website bscwin.app) on the ETH network, and $BSCWIN token on BSC with a revolutionary and sustainable lottery payout mechanism
At0x.eth | Nerd Finance
interesting!
ive always been interested on crypro lotteries
how does yours work?
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
We have also been interested in creating a fully decentralized, trustless, fair and transparent crypto lottery. But we noticed that most existing lotteries either pay token holders in tokens (with an immediate negative effect on price action), or they depend on trading volume, which they tax insanely to fill a lottery pool from which lottery payouts are mad
So our lottery is unique and revolutionary in the sense that it does not depend on trading volume at all. In few words, during each draw that is scheduled in predefined time intervals, a smart contract controls and removes a very small amount of liquidity (in the form of BUSD and BSCWIN tokens), then uses the BUSD to pay a random lottery winner who is a token holder
The BSCWIN tokens removed are sent to the DAO wallet, that is controlled by BSCWIN Bulls NFT holders
for more information on the exact mechanics, please read our docs (docs.bscwin.app)
At0x.eth | Nerd Finance
interesting
do you tax the token at all?
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
We do have a very small 3% tax in the form of $BSCWIN tokens, that is sent to the DAO wallet. But it is unnecessary for the whole lottery payout mechanism
At0x.eth | Nerd Finance
and how do you keep liquidity from draining over time?
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
First, the amount of liquidity removed daily is very small compared to the total liquidity (on the order of 1% that is also a variable that can be adjusted).
Second, that’s where the whole ecosystem comes into the picture. NFT Royalties, in addition to investment strategy initiatives from the DAO are meant to generate more liquidity in the long run, that is gradually to be used to fill the liquidity pool
Plus project growth is equal to buy pressure that constantly fills the liquidity
At0x.eth | Nerd Finance
just say the word and i’ll fix you an ohm fork haha
Satoshi Nakamoto
Imagine the centralized Powerball lotteries, they do have continuous buy pressure of lottery tickets three times a week for example
Very good idea
At0x.eth | Nerd Finance
regardless i think you are right if you have big enough prizes the ball just keeps rolling
how is your chance to win determined?
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
Correct. That’s the idea, our prizes are now close to 1k per lottery draw, with 4 draws daily
[In reply to At0x.eth | Nerd Finance]
It’s based on an advanced weighted random sampling algorithm, I’ll leave the details to @mrock187
CRYPTO PILOT (🛹,🛹)
40 payouts given already
M Rock
Simply put the more tokens you have the higher your chance of winning — I’ll leave all the boring details out, but know that it took massive innovation to allow something like this to exist completely decentralized on chain. Solidity is not friendly towards building lotteries since they require storing, writing, and dissecting a lot of variables. We took an innovative path where all the selection is handled on chain using random number generation that is not possible to be manipulated.
At0x.eth | Nerd Finance
[In reply to M Rock]
yeah i mean we’re all about the nerdy details
so if you want to just go at it it would be fun
M Rock
haha okay i can go into it :)
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
go @mrock187 we’re all nerds here
CRYPTO PILOT (🛹,🛹)
It’s Quant talk time 🍿
At0x.eth | Nerd Finance
thats how you win here
M Rock
So most lottery tokens you may have seen either have you hold a minimum balance, handle the selection off chain, or require more interaction. The reason for this is because to have an actual lottery where more tickets = higher chance of winning would require either using loops in the code which are prohibitively expensive and will cause out of gas issues or use random sampling like we have done. Essentially the way it works is a wallet is selected using random number generation using accepted mathematical formulas that will provide random outputs given different inputs (we use inputs of block difficulty, block time, block size, and the WBNB/BUSD LP size). That is step one and what most prior lottery tokens were able to build (hence the minimum holdings). We took this a step further — step two is that selected wallet is then tested vs a 2nd random number generation of 0 to [lottery difficulty] / [# of holders] (this way as there are more holders the max scales downwards since people will hold less tokens on average). If the wallet holds more or equal tokens vs the generated number they win. If less then another check is performed. This is how holding more tokens gives you better odds and how everything can function decentralized on chain.
At0x.eth | Nerd Finance
hahaha so you;re making it like a genart mint
and so if the guy holding the winner ticket “fails” the check you redo the logic?
M Rock
We have a button on the website to trigger lottery when the lottery is scheduled to occur. So it just keeps getting triggered until a winner is found. Again its prohibitively expensive to loop so we need separate triggers until a winner is found. It costs about $1 to check so we compensate those that click the button to call the function to trigger the lottery with some BSCWIN to offset those gas costs.
At0x.eth | Nerd Finance
ah thats dope
looks like a fun mechanism tbh
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
yeah and free money for people who manage to trigger it! The community stays engaged too
At0x.eth | Nerd Finance
Yeah as long as gas is good w you guys
M Rock
[In reply to At0x.eth | Nerd Finance]
I always try to trigger and usually get a fail because the community is so into trying to be the one that triggers it xD
At0x.eth | Nerd Finance
you should deploy this on a rollup
eventually
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
yes, we have it on BSC, which is relatively cheap too, but rollup idea is good
At0x.eth | Nerd Finance, [11/18/2021 2:31 PM]
cool thing about this is that you can have alot of “brands” in different chains
[In reply to At0x.eth | Nerd Finance]
Yes, our goal is to be chain agnostic as an ecosystem, to combine advantages of different blockchains
At0x.eth | Nerd Finance
yeah lets talk about ahtt
M Rock
yea this could work on ETH L2s or other cheap chains like AVAX
At0x.eth | Nerd Finance
what made you go ETH NFT and BSC token
lcearly see the point of the BSC token
CRYPTO PILOT (🛹,🛹)
NFTs are the Brand and MArketing of the Community, and most NFT market is on ETH, thus the choice
also both sides of the ecosystem can complement and give value to each other, so its a nice mix.
Satoshi Nakamoto
yes, currently we take the best of both worlds, we want people who buy the NFTs to be able to optimally store their subjective value
NFTs on BSC or Solana for example are too risky
CRYPTO PILOT (🛹,🛹)
So we arent simply a NFT Community dependant on royalties, as we actually have a product working with serious adoption potential, making our NFT rewards more sustainable, but also we take advantage of the NFT Market expansion and hype which helps also grow $BSCWIN product
At0x.eth | Nerd Finance
i agree, its a really smart move from your side
so how does the NFT link to BSCWIN?
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
very good question! If you remember about the advanced lottery mechanism mentioned above, during each lottery draw, same amount of BUSD and BSCWIN tokens are removed from LP, the BUSD are sent to the lottery winner, the BSCWIN tokens are sent to the DAO wallet.
Active NFT holders are to be compensated in BSCWIN tokens/lottery tickets from the DAO wallet on a regular basis.
At0x.eth | Nerd Finance
neat! and how do you handle the payout to the nft people?
CRYPTO PILOT (🛹,🛹)
like Cyber Kongz get $banana daily, or SupDucks get $volt, the BSCWIN Bulls will get $BSCWIN (lottery tickets that never expire)
Satoshi Nakamoto
[In reply to CRYPTO PILOT (🛹,🛹)]
Exactly, which apart of their intrinsic objective value, they give a compounding probability of passively winning a lottery
The payouts have not started yet, we are going to initiate them after all NFTs are minted. I will leave @CryptoPilot16 to give more details on this
At0x.eth | Nerd Finance
I’m interested about the way you check for the payments cross chain
since its a ETH NFT validating the BSC token payout right?
CRYPTO PILOT (🛹,🛹)
payouts are BSC Chain so that gives us a lot of frexibility. Currently we are shooting for them to be weekly, so its yet not too pervasive to ecosytem and quite more exciting than once a month like most nft communities. We aim keep a fast dynamic pace.
also its all designed to be sustainable like the jackpots. So earlier minter will be collecting more tickets… while token value is lower, and as ecosystem expands, and token price increases, the daily accrual of $BSCWIN will slowly decrease.
Satoshi Nakamoto
For the payouts to NFT people, since as you said it’s an ETH NFT validating the BSCWIN payout, we have a crosschain bridge api partner
At0x.eth | Nerd Finance
[In reply to Satoshi Nakamoto | @CryptoStarship | @Satoshi_Calls]
thats the juicy stuff
CRYPTO PILOT (🛹,🛹)
Current model APY, is like 4x better than Genesis Kongs and Sup Ducks, so minting Bulls is definitely +EV. We will be sure to share some cool tables and add all maths to docs. Its both sustainable yet juicy indeed. And in competition to most NFT Communities it definitely stands out.
At0x.eth | Nerd Finance
[In reply to CRYPTO PILOT (🛹,🛹)]
this is all very cool and very well apllied all around
whats your biggest hurdle right now?
CRYPTO PILOT (🛹,🛹)
I was quite involved with Lazy Lions on a early phase, and still a big holder and proud Lion. Over here, we aimed to keep the best characteristics of it, as we have a very dope and engaged community expanding fast, and cool art, both giving kinda Apes vibes. But more importantly, we arent just a NFT Community. We are a NFT Community backed by a Movement. A Movement to have Crypto do Lotteries in a better way. To finally Disrupt Centralized Lotteries like PowerBalls, which odds are 1000x worst than ours, where not nearly as much people and worst Governments keep half. We finally have a game changing product that allows crypto to do it, and we all resonate with Decentralization, so this is it.
Satoshi Nakamoto
https://bscwin.medium.com/introducing-the-bscwin-bulls-eden-a-movement-towards-the-peoples-lottery-2ce270485161
CRYPTO PILOT (🛹,🛹)
The #BullNation is here to #OccupyLotteries and flip Powerball. Backed by the most fair and juicy lottery and the coolest nfts.
At0x.eth | Nerd Finance
Yeah this is a very good idea and a huge market to assess
Satoshi Nakamoto
[In reply to At0x.eth | Nerd Finance]
Our only challenge, which I wouldn’t call hurdle at this point, is to raise awareness of the potential of the NFT ecosystem and also implement a ramp that will allow worldwide adoption
At0x.eth | Nerd Finance
[In reply to Satoshi Nakamoto | @CryptoStarship | @Satoshi_Calls]
Preach!
Whats the next events for the BSCWin family
Satoshi Nakamoto
Our next immediate major event is formally establishing the DAO after all Genesis BSCWIN Bulls NFTs are minted (we’re getting very very close), and announcing the rewards mechanics
At0x.eth | Nerd Finance
do I get an honorary bull?
CRYPTO PILOT (🛹,🛹)
Buying a Bull NFT is;
1) Movement — Standing for Decentralization (Movements are strong, think phunks)
2) Utility ( better APY than Kongz or sup ducks)
3) Product — game changer with adoption potential
4) Community — bullish as it gets
5)Art — apes quality
our greatest hurdle is future regret from people that didnt bought enough. And holding ourselves from not taking all supply
as we actually want to expand and grow a community :D
Satoshi Nakamoto
By the way, we forgot to mention that not all bulls are the same. Out of the 2000 Genesis Bulls NFTs, 50 are lucky lottery bulls, can’t be minted regularly and are airdropped to 50 random users during the first 25 days of the BSCWIN token after launch! They are very scarce and will surely have some demand
M Rock
[In reply to Satoshi Nakamoto | @CryptoStarship | @Satoshi_Calls]
50 lottery winners — not just random users :)
CRYPTO PILOT (🛹,🛹)
Yeah, those are the only ones with Luck level above 90. Which is a interesting additional category we included in our NFTs. Luck level purpose hasnt been revealed yet but will soon make sense with the Bulls Game
Satoshi Nakamoto
[In reply to M Rock]
Right! thanks for the correction, meant 50 random lottery winners, good catch
At0x.eth | Nerd Finance
thats pretty awesome
have you got anything else to tell us? if not we can open the floor
share your links and stuff
Satoshi Nakamoto
🐂 BSCWIN BULLS MINTING PHASE 2 is LIVE 🐂
🔸 Where: Minting will take place on our website.
https://bscwin.app/
🔸NFT Smart Contract: https://etherscan.io/address/0xbeeee60bd1201d6992d5c499d7df9fa4d23a35c9
Attached you will also find instructions for minting directly from the smart contract. Please DYOR first before using any contract function.
🔸 Network: Ethereum Blockchain.
🔸 Minting Price: Make sure you have 0.05 Eth + gas ready and loaded to go!
🔸 Whos Eligible to mint: Everyone
🔹 Date: NOV 14th (18:00 UTC) — 950 Bulls
❕There will ever only be 2000 Genesis Bulls NFTs Total — So very scarce Supply 🐂
BSCWIN Bulls NFT Contract: 0xbeeee60bd1201d6992d5c499d7df9fa4d23a35c9
Make sure to join our Discord and Telegram!
https://discord.gg/bscwinbulls
https://t.me/BSCWIN_Token
The Movement has begun…
BSCWIN Bulls 🐂
Minting is ongoing, approximatley 400 bulls left to mint! So everyone who wants to get a Bull with great APY % potential at mint price and the potential to be very rare, feel free to mint one and join the #BullNation
CRYPTO PILOT (🛹,🛹)
Also we have some exciting anoucements coming over next days that we are very proud of, which really go alongside with our ETHOS of Decentralization, Freedom and fairness of opportunities
all i can say is those will greatly represent the Movement and contribute to its growth :)
so stay tuned ! :)
its coming
At0x.eth | Nerd Finance
Awesome!
Thanks for coming guys, that concludes our AMA.
Remember NERDS that anyone can get an AMA (for anything in particular) you just have to buy any amount of $NERD and send it to my wallet At0x.eth.
I added your article to the top of https://y.at/🧠🧠🧠🤓
Dont forget to bookmark that for fresh alfa and our Metaverse at https://y.at/💻🤓💰 to stay tuned with nerd happenings
Go Bulls!
CRYPTO PILOT (🛹,🛹)
Cheers Ataxia ! Pleasure as always :)
END
Learn more about us below:
Website: https://bscwin.app/
Discord: https://discord.gg/bscwinbulls
Twitter: https://twitter.com/BSCWIN_token
Telegram announcement channel: https://t.me/BSCWIN_Token_Ann
Telegram community chat: https://t.me/BSCWIN_token
Gitbook: https://docs.bscwin.app
