FAQ
$888 Token
What is the $888 token contract address?
0x5e72ad4bf50c952b11a63b6769d02bb486a9a897
On which network is Lucky8, and $888 deployed?
Lucky8 is deployed on Ethereum Mainnet.
Where can I buy $888?
The Lucky8 LP pool is seeded on Uniswap V2.
DEXTools What is the token utility of $888?
$888 is Lucky8's native protocol token that enables you to mint lottery tickets, and hence participate in the lottery by staking it. Additionally, $888 can be bonded to participate in governance. $888 is deflationary and subject to burns with every token buy, or sell.
How are buy/sell tax proceeds distributed?
The buy and sell tax is 10% and is split as follows:
40% Lottery Prize Pot
40% Protocol Owned Liquidity
20% Bonding Yield (in native $888)
The Lottery
Can everyone participate in a lottery draw?
Everyone who holds lottery tickets will be able to participate in the lottery. Bond $888 to be able to mint lottery tickets.
How long is one epoch?
Every epoch lasts 24 hours.
How can I participate in the lottery?
Participating in the lottery requires you to bond $888 to mint lottery tickets. During each epoch one lottery draw takes place, hence every 24 hours one lottery happens. You can bond $888 at any time to participate in the upcoming lottery.
After bonding your $888 tokens, you can instantly mint lottery tickets which is required to participate in the the lottery. Minting your tickets has to repeated for every lottery draw.
For how long will my bonded $888 be locked?
Bonded $888 can be unbonded at any time. Once $888 are unbonded, they become staged for 2 epochs (=48 hours). While being staged, lottery participation as well as earning bonding yield is disabled. After 2 epochs, staged $888 can be unlocked and withdrawn.
How often will a lottery draw happen?
A lottery draw happens once per epoch, hence every 24 hours.
Lottery Tickets
What are lottery tickets?
Lottery tickets are required to participate in the lottery. Everyone who holds lottery tickets will participate in the upcoming lottery draw. Lottery tickets can be minted by bonding $888 tokens. They are ERC-1155 tokens.
Do I need new lottery tickets for every lottery draw?
Yes, you need to mint new lottery tickets for every new lottery draw. $888 can remain bonded, yet you need to manually mint new lottery tickets for every upcoming draw.
Once a lottery draw is over, the lottery tickets of that past lottery draw will remain without any utility.
How can I get lottery tickets?
To get lottery tickets, bon your $888 tokens. 1 lottery ticket can be minted for every $888 token staked.
Prize Pot
How does the lottery prize pot get funded?
The lottery prize pot gets funded from the 10% buy and sell tax for trading $888. 40% of the 10% buy and sell tax go to the lottery prize pot. The pot is emmitted in USDC.
In case I win the lottery draw, how can I claim the prize pot?
You can simply claim the prize pot from the app.
If I win the prize pot, for how long will I be able to claim it?
In case you are selected as one of the three lottery winners, you can always claim the prize pot at any point in time.
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