Lottery Token (LOT) – Revolutionizing DeFi Lotteries on BASE

Hey guys! I wanna share Lottery Token (LOT), a project that brings automated, transparent lottery mechanics to DeFi through smart contract innovation.

The also just released a brand new Telegram game, where you can send the SLOT emoji in their public group and actually win real tokens on chain.

What is Lottery Token?

A decentralized lottery protocol that leverages blockchain technology to offer an automated lottery. Unlike traditional lotteries that require manual ticket purchases, LOT allows users to automatically participate in draws simply by holding tokens.

Core Features:

– True Automation:

No ticket purchases, no manual entries. Simply hold tokens to participate in every draw automatically. When the pool reaches 1M tokens, a winner is instantly selected.

– Verifiable Fairness:

Powered by Chainlink’s VRF for provably random selections – every draw can be verified on-chain.

– Transparent Mechanics:

5% of each transaction feeds the lottery pool, with draws triggering automatically at 1M tokens. Additional 2% supports continued development.

Technical Implementation:

– Open-source smart contracts you can audit yourself

– Zero admin control over draw mechanics

– Automated prize distribution without claims

Simple Participation:

Hold 20K+ tokens in your wallet and you’re automatically eligible for all future draws. Winners receive prizes instantly – no extra steps needed.

How It’s Different:

While the BASE chain has seen many token launches, LOT leverages blockchain technology to solve real trust and automation challenges in lottery systems. Every aspect from pool accumulation to winner selection runs through verifiable smart contracts.

Would love to hear your thoughts and answer any questions about the technical implementation or mechanics!

Website: https://lotterytoken.net