LOT.TRADE IDO on Samurai

League of Traders public sale set for November 24

Published in

CyberFi — Intelligent DeFi Automation

4 min readNov 21, 2021

Following the extremely successful private-round sale of LOT.TRADE’s $LOTT token to our higher tiers, CyberFi Samurai are excited to bring League of Trader’s IDO to our community on November 24. All participants must whitelist for the IDO on Samurai Dashboard beginning November 22. Everyone who whitelists is guaranteed a chance to participate in this IDO on a first-come, first-served basis.

Be sure to check out our QUICK HITTER for all relevant sale details at a glance.

Also, we encourage anyone who is interested in developing a deeper understanding of the project to join us in the Samurai Launchpad Telegram on Monday, November 22, 14:00 UTC for an AMA with the LOT.TRADE team.

LOT.TRADE (League of Traders)

LOT.TRADE is a cross-exchange gaming platform that hosts cryptocurrency trading tournaments. The platform hosts regular tournaments called ‘Professional League’ which give a global rating of the top crypto traders on the planet. In addition to Professional League tournaments, there are ‘Master’s’ tournaments which are sponsored by LOT.TRADE and its partner affiliates as well as Private Tournaments whose accessibility and regulations are decided by third parties.

Traders across both centralized (CEX) and decentralized (DEX) exchanges can easily link their trading accounts to the LOT.TRADE platform in order to participate in tournaments. It’s as simple as linking the exchange of your choice to the LOT.TRADE platform, finding a tournament that interests you, paying the registration fee, and trading according to the rules of your chosen tournament. All tournaments on the LOT.TRADE platform are governed by a decentralized autonomous organization (DAO) on the Binance Smart Chain.

Participating in LOT.TRADE tournaments has numerous benefits for both traders and exchanges alike. For traders, the obvious benefit is the ability to capture huge crypto prizes for outclassing the competition. In addition to tournament prizes, traders will be able to increase their rating and reputation among the trading community and earn NFTs that will allow them access to special tournaments.

For exchanges, the clear benefit from integrating in the LOT.TRADE platform is the increase in trading volume on its platform. Exchanges will be able to organize or sponsor their own tournaments to bring in new traders. On top of that, they can promote new trading tools and services and better engage their user base. Binance has already been integrated into the platform and LOT.TRADE has plans to integrate Coinbase, FTX, Kraken, and PancakeSwap before the end of the year.

$LOTT token

$LOTT is a BEP-20 utility and governance token minted on the Binance Smart Chain. The token is designed to be the lifeblood of the LOT.TRADE platform by providing holders with staking rewards, special access to higher-level tournaments, and DAO governance responsibilities.

$LOTT has a total supply of 100M tokens of which 1.74M will be in circulation at the token generation event (TGE). The public IDO price of $LOTT is $0.15 USD resulting in a market cap at listing of just $261,000 USD.

Participation on Samurai

LOT.TRADE is raising $250k USD through their IDO on Samurai on November 24, 11:00 UTC.

This IDO is open to all stakers at the Ninja tier (100 $CFi staked) and above with guaranteed whitelisting to all eligible stakers who click ‘Whitelist for IDO’ on the Samurai Dashboard. Whitelisting will run from Monday, November 22 to Wednesday, November 24, 04:00 UTC.

Whitelisted participants can purchase the $LOTT token in allotments of $500 BUSD to $3,000 BUSD at the public price of $0.15 per token on a first-come, first served basis.

Allotments purchased through Samurai are subject to vesting with 33% unlocked at TGE and the remaining 67 % unlocked linearly over 120 days.

Be sure to check out our QUICK HITTER for all relevant sale details at a glance.

About LOT.TRADE

LOT.TRADE is the first and the only Universal NFT/DEX/CEX gaming tournament platform for crypto traders, gamers and gamblers. LOT represents the gamification and popularization of crypto trading through regular tournaments, battles and challenges with the goal of being the best trader in the world. Customize tournaments and win big prize pools.

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