The lottery provides a fun and interactive event for all CAKE users to participate in. Those who don’t find appeal in participating in a lottery are still winning as the deflationary mechanic drives value to their CAKE tokens.
Introduction
Pancakeswap is a DEX AMM exchange on the smart chain network launched by anonymous developers with strong likes for breakfast pastries and rabbits. This protocol boasts wonderful community governance while simultaneously giving users the ability to swap tokens and earn liquidity incentives.
For those who wish to learn more about DEX AMM’s and PCS refer to the following:
Cryptonomics: Automated Market Makers
PancakeSwap and Lotteries
For those who are unfamiliar, lotteries are a fundraising process created through a crowd sale of tickets at a particular price to be entered into a raffle. The tickets contain a specific number, and if randomly chosen, the ticket holder wins the prize. The Pancakeswap lottery is no different from every other lottery. To participate in the lottery, you’ll need to purchase tickets with cake. One cake gives you one ticket, and the number of tickets a user can buy is limitless. The draw lasts for six hours. The ticket gives you four different numbers from 1-14.
Winner Winner Chicken Dinner!
Winning the PancakeSwap lottery jackpot means that a user needs to match all four numbers on their ticket with the winning numbers that are drawn randomly. Don’t worry; you can still win if you don’t match all your numbers. If you fit a least two numbers, you’re guaranteed to win a reward
To win, users must match the winning numbers precisely as follows:
Match all four numbers to win or split 50% of the pot
Match three numbers to win or split 20% of the pot
Match two numbers to win or split 10% of the pot
The remaining 20% is burnt forever
Participating In PCS Lotteries
Go to the PancakeSwap lottery page pancakeswap.finance/lottery.
Click on buy ticket.
Select the number of tickets you want to buy. Remember, one cake gives you one ticket, then approve the transaction.
4. After approving the transaction, you confirm the transaction.
5. Wait for the lottery time. When the lottery is over, you can view your prize if you won on the lottery page
Concluding Thoughts
The PCS lottery system is a unique deflationary system that involves the PancakeSwap community. Not only does this allow users to participate in a raffle, but it also drives value to all CAKE holders. This gamification has been a fantastic innovation for PancakeSwap, displaying one reason why this AMM has risen to the top of the Binance Smart Chain’s. Overall, the lottery provides a fun and interactive event for all CAKE users to participate in. Those who don’t find appeal in participating in a lottery are still winning as the deflationary mechanic drives value to their CAKE tokens.
Source : bsc.news
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