pugson on Warpcast

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https://warpcast.com/~/channel/brypto

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pugson pfp

i don't understand how this mini app works. "daily mega jackpots" but no one has actually won in months? https://frame.megapot.io/?referral=aNo7Q2e7

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Garrett pfp

Pretty sure they had a winner recently and the LPs lost some $ because of the winner @pl should be able to tell you more about how it works

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Patrick | Megapot pfp

Patrick | Megapot

We've had 19 winners since July 2024, and most recently, someone won $207k on March 21! You can see the stats here and verify the winner: https://stats.megapot.io/ Think of it like the Powerball, where if no one gets lucky, it rolls over to tomorrow! We sell between 500-10000 tickets per day. Even the high end is just $10k in sales. The jackpot is $866,322.69 right now, so the odds for a player to win are low. What's different between us and Powerball: 1. Our expected value is far better than any traditional lottery. Plus, 100% of fees go to the community, Megapot takes 0%. 2. Our jackpot is so big because liquidity providers guarantee a big jackpot (details: https://docs.megapot.io/overview/earn-as-a-liquidity-provider) Other iterations on this idea failed because they couldn't build a large jackpot. 3. You can play with our mini app, or others like @must-be-ash's Bonanza (https://warpcast.com/must-be-ash/0xc909ab29) or @btbfinance. Since we are a fully onchain protocol, anyone can build on top of us.

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Patrick | Megapot pfp

Patrick | Megapot

We just made changes to address this! 1. FAQ now mentions how many people have won 2. Stats page highlights most recent win 3. Preview image changes are in progress Thanks again for your feedback!

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andrei pfp

From what I understand, you can join as either a regular player or an LP. LPs fund the jackpot and get most of the tickets in return. That means they have a much higher chance of winning. In the latest drawing, there were 509 tickets sold, and LPs had a 99.95% chance of winning.

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Leeward Bound pfp

my understanding is that it's like US Powerball, there's daily drawings (powerball is weekly) but unless they sell a huge number of tickets there's still not likely to be a winner, so the pot rolls forward to the next day

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Taye 🎩 pfp

Never even knew this existed, I’ll donate

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