Since the advent of decentralized finance (Defi), a number of peer-to-peer financial products have been built, allowing users to lend cryptocurrencies to other users and stake funds in liquidity pools to enable trading. But here's one that might not make sense on the surface.
Crypto Lottery, whether it be UK National Lottery or US Big Millions - lottery games give you the chance to win big while keeping bet sizes to a minimum. With that being said, it is only a matter of time before lottery games reach the crypto and blockchain technology arena.
Such games allow you to buy entry tickets through popular crypto coins like Bitcoin and Ethereum, and the process of drawing the ball itself is usually more transparent than you will find in the offline segment. In addition, winnings are distributed to successful ticket holders instantly, so there is no need to visit your local kiosk to collect prizes.
Yarloo is a new take on the lottery gambling system that is known to everyone around the world. We feel that the current state of the lottery is quite… lacking, to say the least. It's not fun, the risks are too high and your chances are dim. Very. Here's an excerpt from K5: “According to the USA Lottery, the odds of winning the Mega Millions jackpot are 1 in 302.6 million and the odds of winning the Powerball jackpot are 1 in 292.2 million. Combine the two and the odds of winning both jackpots for over a billion dollars go to 1 in 88 quadrillion. That's 88 followed by 15 zeros.
But with the current advancement of the crypto space, we at Yarloo feel that something can be done to revolutionize lottery systems around the world, and to make it much more fun, give people a much higher chance of winning, create a much more flexible jackpot pool, and introduced the NFT card set as the core function behind the ticket. Also the fun aspect of making the whole project theme revolve around pirates!
YARLOO FEATURES
Yarloo will be full of cool features that will be very useful for everyone, and as we make more progress in the future, we will start to include more features, and discuss them with our community so we can see what else can be done in the future. Yarloo.
RST: Yarloo is the first project in the world to implement a technology known as “Revenue Sharing Token”, which allows the community to receive 30% of Yarloo's profits to serve the ecosystem in which it is built.
NFT : We are also the first lottery project in crypto history to use NFT cards as your main entry ticket system in any pool! This means instead of buying a ticket, your ticket is represented by the card you used in your lottery pool.
DeFi : You will benefit financially from Yarloo thanks to its hybrid DeFi system, especially by allowing you to earn 2% of pool profits if you are the creator, and by leveraging our RST ecosystem if you hold enough $YARL!
HOW IT WORKS
At Yarloo, you will be able to participate in a number of financially rewarding activities, including, but not limited to:
Solo Lottery Jackpot
Team Lottery Jackpot
Fortune Spinner
NFT Trading Center
Yarloo Wallet (for snooping and exchanging our tokens)
Arcade Games
DeFi Loan & Lending System
As you can see, Yarloo offers different ways to participate in our unique lottery system, and profit through different styles and approaches. Are you a risk taker? The solo lottery is most likely for you. Want to feel the security of a higher opportunity thanks to others supporting you as a team? The team lottery is definitely the way to go. Feeling lucky today? Use our lucky spinner to see if you can collect new special cards that increase your odds. Are you a collector who has collected a large number of valuable cards over time? The trading center is yours for the taking, and there is literally no risk as you only sell your cards. If you're not as lucky as the cards and don't want to take high risks, then of course, staking is your way.
CARD SYSTEM
Our card system is not very complicated. There will be 5 types of cards, ranked from bottom to top as:
These 5 types of cards have very different functions and values. For example, a small card only gives 1 ticket per card, due to its low value, and a Bronze card gives 2 tickets per card, but both have no special attributes and cannot be paired with other cards.
On the other hand, from Silver to Sapphire, cards grant more tickets and all have special attributes. Silver cards give 5 tickets per card, Gold give 10, and Sapphire give 50 participation tickets.
Card sets will be released consistently at Yarloo, even after launch, as they will always be an important part of the way things work. There will be 3 types of card sets, so users can know what to expect from each:
Standard
Premium
eccentric
RST ECOSYSTEM
Profit Sharing Token, or RST for short, is Yarloo's revolutionary backbone, the first implementation of its kind that will someday be recognized as NFT and DeFi technology, RST is how Yarloo can be armed as an anti-bear project, which can withstand any market sentiment. The way it works is pretty simple, and can be reconfigured based on individual company preferences, but we'll be using Yarloo as a core example of how RST will be used considering we were the original founders of this concept and its first integrator.
Seed Investors & IDOs: 30%
Holder: 25%
Buyback: 20%
LP Provider: 15%
Wheel of Fortune/Rewards Pool: 10%
ROADMAP
Q3 2021:
Funding Round Conclusion
3-5 Sets of Launch Cards
Alpha Wallet
Alpha Market
Q4 2021:
Wheel of Fortune Release
Lottery Platform Launch
Bridging $YARL to the new network
First CEX List
5-8 New Card Set
Fusion System Testing
Governance features for $YARL holders
Updated Lightpaper
Q1 2022:
Roam around the Seven Seas!
We will continue to update our roadmap depending on new introductions, games we announce, and more. For now, * only information about this year's Q3 and Q4 is available.
Detailed Information:
Author
Forum Username: Vechainz
Telegram Username: @Vechainz
BEP-20 Wallet Address: 0xCdda37Ded29536dEFC3Ba14c15fFDdffF64FaF4f
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