Terra Rebels announced in a post today that it has launched a lottery game on the Terra Classic network. announced. This was the first decentralized application (DApp) Terra Rebels launched on the Terra Classic network.
According to the details on Twitter, a lottery ticket costs only 5000 LUNC (about $1.25 at current rates). A winner will be chosen at the end of each round spanning seven days in the game.
According to the shared information, the winner will be entitled to 60% of the pool. The remaining 40% will be shared as follows:
- 26% will be sent to burn wallet
- 6% to DApp developers
- 7% to Rebels
- 1% contract will be held in reserve
One user said he spent months developing a similar project and is still struggling to get it to work best. by statingevaluated the development as an important success. He also claimed that the game released by Rebels worked flawlessly.
However, the feedback was not all positive. For example, one user claimed that the DApp is not functional, while another added that it doesn’t seem to work on Android devices.
Trying to Increase LUNC Burn
The new game presents an exciting opportunity for the community while benefiting its way of reducing the LUNC supply. Previously, developers had turned to more efficient ways to burn the LUNC because the chain tax was not enough.
It’s worth noting that purchasing tickets is an on-chain transaction that will be subject to the pool’s 26% burn, plus 0.2% tax, leading to even more significant burns.
Koinfinans.com As we have reported, the community is expecting a DEX that is expected to be released soon. But the developers want to work on reopening Inter Blockchain Communication channels first.
The LUNC community and developers continue to work to revive the network. Terra Rebels’ DApp represents an important step towards utility.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.