Terms of Service

Last updated: January 2024

Agreement to Terms

By accessing or using $LUCK, you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using this platform.

Platform Description

$LUCK is a decentralized lottery platform operating on the Base blockchain. The platform automatically enters token holders into weekly prize drawings based on their $LUCK token holdings.

Eligibility

Age Requirement

You must be at least 18 years old to participate in $LUCK.

Geographic Restrictions

This platform may not be available in all jurisdictions. You are solely responsible for determining whether your participation is legal under applicable local, state, and federal laws.

Prohibited Jurisdictions

Use of this platform is prohibited in jurisdictions where digital asset lotteries are illegal or restricted.

How the Lottery Works

Entry Mechanism

  • Holding $LUCK tokens automatically enters you into weekly drawings
  • No additional registration or manual entry required
  • Entry amounts are determined by token holdings at randomized snapshot times

Prize Structure

  • Bronze: $400 USD equivalent (Mondays)
  • Silver: $600 USD equivalent (Wednesdays)
  • Gold: $1,000 USD equivalent (Fridays)
  • Total weekly prizes: $2,000 USD equivalent

Prize Distribution

  • Prizes are paid in ETH or USDC on the Base network
  • USD values are indicative; actual prize amounts depend on payout currency rates
  • Winners are selected using Chainlink VRF for verifiable randomness

Token Requirements

Holding Period

Tokens must be held for at least 24 hours before a snapshot to qualify for that drawing.

Ticket Calculation

Tickets are calculated using a tiered system:

  • 0-100K tokens: 1 ticket per 1,000 tokens
  • 100K-500K tokens: 1 ticket per 2,000 tokens
  • 500K+ tokens: 1 ticket per 5,000 tokens

Risks and Disclaimers

Blockchain Risks

  • Smart contract vulnerabilities
  • Network congestion or downtime
  • Private key loss or theft
  • Transaction irreversibility

Market Risks

  • Token price volatility
  • Liquidity fluctuations
  • Market manipulation
  • Regulatory changes

Technical Risks

  • Software bugs or errors
  • Oracle failures
  • Infrastructure downtime
  • User error

Prohibited Activities

Users may not:

  • Manipulate snapshots or gaming the lottery system
  • Use multiple wallets to circumvent holding period requirements
  • Engage in wash trading or artificial volume manipulation
  • Violate applicable laws or regulations
  • Interfere with platform operations

Contact Information

For questions about these Terms of Service:

  • Email: legal@base-lotto.com
  • Review smart contract code on GitHub

Final Warnings

IMPORTANT DISCLAIMERS:

  1. High Risk: Digital asset lotteries involve substantial risk of loss
  2. No Guarantees: Past performance does not indicate future results
  3. Regulatory Risk: Laws may change, affecting platform operations
  4. Technology Risk: Blockchain technology is experimental and may fail
  5. Personal Responsibility: You are responsible for your own financial decisions

Check your local laws. 18+. Not available where prohibited.