LUCKY DRAGON ($LUCKY)

jembutkuda (25)in #lucky • 2 years ago

$LUCKY a unique staking (LuckyBank) and lottery token on Binance Smart Chain.

#bsc #bitcoin #luckydragon #token #binance
WHAT IS LUCKY DRAGON?

$LUCKY is a meme token with unique community incentives and tax model — including our daily “777 lottery”. With the current market, people are still craving a true meme coin. We plan on building functional dApps, specifically community betting pools where we can maximize our degeneracy together This whitepaper will contain a condensed summary of our project and what is to follow
LUCKY DRAGON WHAT WE REPRESENT

Experienced Team

Our $LUCKY team consists of 10+ members, some that contributed to projects with 8–9 figure marketcap across multiple chains. Most experience is from ETH and BSC.

Marketing Connections

$LUCKY is connected to multiple branches of marketing through various platforms. We will execute our marketing in phases, and with investor support we will grow.

Unique Community Events

Our focus is to build, so our community is one of our main priorities. We will hold EZ Baccarat competitions + unique lottery every 777 minutes.

WHAT PREVIOUS PROJECTS HAVE YOU WORKED ON?

We don’t advertise the previous projects we have worked on. Despite this, we have no problem proving previous positions if necessary.

WHAT KIND OF MARKETING CONNECTIONS DO YOU HAVE?

Please refer to our roadmap section. Experienced teams are usually very well connected among the crypto space. More information will be provided in our AMA’s.

HOW DOES THE LOTTERY WORK?

Every 777 minutes, we pay out a specified amount of our lottery wallet to 2 lucky winners. This wallet is sustained through reflections and will strictly be used for the lottery. In order to be eligible to win you must hold your $LUCKY tokens until the next lottery.

TOKENOMICS
BUY TAX TOKENOMICS

4% Marketing and Buy-Back

Funds will be used accordingly, with focus towards utility development and buy-backs. Tax values will be lowered in the future in respect to project performance.

1% Developer Fee

To help introduce new features and maintain a bug-free platform, we must ensure our developer is paid. Our project is long-term, and requires maintenance.

Note:

This buy tax value will remain locked and will not exceed 5%. We will look at lowering this even further once certain milestones are reached.

SELL TAX TOKENOMICS

4% Marketing and Development

Funds will be used accordingly, with focus towards utility development. Too often, projects waste their funds on call groups with no results.

5–20% ETH Reflections (See Chart on next pg)

To help sustain the project and reward early investors, $LUCKY has implemented a unique mechanism — a high ethereum reflection tax that will reduce over time. Please read more information on the next page.

1% Developer Fee

To help introduce new features and maintain a bug-free platform, we must ensure our developer is paid. Our project is long-term, and requires maintenance.

TAX BREAKDOWN

Upon launch, the countdown begins. The 5% Standard tax remains constant on both buys and sells, however the variable is the ETH Reflection tax. This sell tax starts at 20%, and is reduced in 5 day intervals in the chart above.

The first 5 days, the sell tax will be 25% (which breaks down to 5% Standard Tax + 20% ETH Reflection Tax). On the 6th day, this value will be reduced to 20% — on the 11th day to 15%, than 10% on the 16th day, etc. (see the chart above)

This tax model will provide an incentive to hold, which also helps protect the project from high volatility caused by larger wallets.

$LUCKY ROADMAP

Phase 1