Revenue from the iGaming platform will be placed into the revenue sharing pool to be distributed among those who stake LUCKY - BUSD LP in Revenue sharing Pool over a 7 day period, allowing players to earn up to 9% revenue share.
LUCKY - BUSD LP tokens holders (In Revenue Sharing Pool) will earn the revenue shared in LUCKY based on Lucky Lion's weekly revenue, divided by the amount of tokens they hold.
Up to 9% of our iGaming revenue each week (7 days period) will be distributed to the revenue sharing pool.
Terms and conditions for revenue sharing:
Those who deposit LP in this pool before day 1 ( e.g. Monday ) and hold until end of day 7 ( e.g. Sunday ) will receive the full amount of the reward in LUCKY. This is to ensure the liquidity of the platform.
The entire revenue pool for the week is $70,000, at 9% revenue share divided by the number of participants, say 10 ( A - J ). Each gets $630 LUCKY that is deposited to their wallet [($70,000 x 0.09) / 10 = $630].
( A - J ) deposited for 7 days
Those who deposited day 2 to 6 ( e.g. Tuesday to Saturday ) will receive the reward in LUCKY depending on the count of days deposited within the week.
The entire revenue pool for the week is $70,000 and the number of participants is 10.
Say 5 ( A - E ), Stake before day 1 and hold until end of day 7, from day 1-6, each will get
[($60,000 x 0.09) / 5 = $1,080] and from day 7 each will get [($10,000 x 0.09) / 10 = $90]
Then each total gets = $1080 + $90 = $1,170 LUCKY that is deposited to their wallet
Say other 5 ( F - J ), Stake during day 6 ( 1 day left to get revenue sharing ), each gets $90 LUCKY that is deposited to their wallet [($10,000 x 0.09) / 10 = $90]
( A - E ) deposited for 7 days / ( F - J ) deposited for 1 day
Users are able to make additional deposit to receive an increased ratio and earn more shares on any day
The entire revenue pool for the week is $70,000 and the number of participants
Say 6 users ( A - F ), Stake before day 1 and hold until end of day 7, Each provide equal liquidity from day 1
On Day 2 user (A) make an additional deposit worth up to 50% of the total deposit which will take effect the next day.
According to the table below, it can be seen that after (A) has made additional deposits This allows (A) to earn more shares for the rest of the day ( 3 - 7 )
( A ) provide more liquidity on TUE which will take effect on WED
Users can deposit and withdraw on any day. ฺBut to withdraw, all must be withdrawn. And during that period, the user will lose the right to receive the reward
The entire revenue pool for the week is $70,000 and the number of participants is 6.
Say 5 ( A - E ), Stake before day 1 and hold until end of day 7, Each provide equal liquidity from day 1
On Day 3 user (F) make a withdrawal from the pool and the rewards (F) received in the last 2 days will be distributed to other users.
On Day 6 user (F) make a deposit which will take effect on next day and he/she will earn reward onf day 7
( F ) withdraw on WED, and deposit on SAT (which will take effect on SUN)