Lotto Coin

A token that uses all trading fees to enter the daily @megapot lottery on @base

Winnings are used to burn the coin

0x908b1d6b6c12bfdfcaaeb658b365ce39c21e679c

[Lotto Coin @lottocoinfun]

We may not have have won the jackpot today but we still won!

[Lotto Coin @lottocoinfun]

#NewProfilePicture

[Lotto Coin @lottocoinfun]

What a day yesterday! We burned over 10% of the token supply at an average price of $2.3m market cap. We now have over 76,000 entries into todays lottery.

Lets win again.

[Lotto Coin @lottocoinfun]

@ryanberckmans @megapot It is such a great mechanism!

[Lotto Coin @lottocoinfun]

@andreitr @toady_hawk as god (vitalik) intended

[Lotto Coin @lottocoinfun]

@megapot @0GAntD

[Lotto Coin @lottocoinfun]

It is not the most flashy version of things, but we believe it is the best for a long term sustainable ecosystem (yes an ecosystem is coming).

Slow and steady wins the race. Lets win again.

[Lotto Coin @lottocoinfun]

Many have asked why we buy back and burn via auction and not through a dex buy.

Let us break it down 👇

[Lotto Coin @lottocoinfun]

Via auction users are able to sell into our bids with 0 slippage and without affecting the chart at all. It also lets the system gain the max value it can with zero external risk or MEV risk.

[Lotto Coin @lottocoinfun]

@notdroll We maybe could, but a slower mechanism is good to make sure that we get maximum value through our buybacks and to help reduce MEV or front running. While it feels slow currently, we believe this design leads to a healthier long term system for the token.

[Lotto Coin @lottocoinfun]

We all win together.

[Lotto Coin @lottocoinfun]

@jessepollak @base wut

[Lotto Coin @lottocoinfun]

@rollerkost @X The auction is live!

https://t.co/HNeOrUiTbe

[Lotto Coin @lottocoinfun]

The buyback auction is now live. Here the price per token will slowly increase as users sell into the auction. The bid increases by 5% every 5 minutes until the auction is sold out. All tokens are immediate burned upon purchase.

[Lotto Coin @lottocoinfun]

TWF you win a $250k lottery before @X lets you update your PFP 😅

[Lotto Coin @lottocoinfun]

We won! $LOTTO has won just under $244,000 from @megapot. All of these funds will be used to buy and burn $LOTTO.

Time to run it back.

[andrei | megapot @andreitr]

LottoCoin just won Megapot jackpot of 230K USD and now they are going to fire up the burn 🔥🔥🔥

[Lotto Coin @lottocoinfun]

You can follow along or join in on the auction here: https://t.co/bsJ4vkjfJS

All auction and burn logic is 100% permissionless and onchain. It cannot be stopped or altered by anyone.

[Lotto Coin @lottocoinfun]

The buyback auction is now live. Here the price per token will slowly increase as users sell into the auction. The bid increases by 5% every 5 minutes until the auction is sold out. All tokens are immediate burned upon purchase.