AMA Recap: Lucky Lion X KillSwitch community
We held a live AMA with Jelly Lion on 28th October at 13.00 (UTC). Here’s the recap for those who missed it.
Please welcome @Jelly_Lion from Lucky Lion!
“Hi I’m Jelly Lion BDM of Lucky Lion”
Hi! Great to have you here.
-Start of the questions from Twitter-
Q1) I heard Lucky Lion use RNG so If it possible that RNG will exploit like farmer world or pancake lottery(v1) that some player can always win by waiting on the right blocktime because it not a real random?
“This is a good question and we truly understand the importance of integrity in gambling games.
How real is the RNG ? We seriously make sure fair games with RNG mechanisms .
Random Number Generators (RNG) are mathematical systems that produce random numbers.
RNG is a defining factor in many modern games. They’re the reason why items in Mario Kart are different each time, why you meet unique Pokemon, and why you randomly find super rare items in Diablo. Some procedurally-generated games, like The Binding of Issac or Minecraft, wouldn’t even be possible without RNG.
…With RNG, statistical randomness ensures that all cards and die numbers, slot game symbols, jackpot triggers, rare items etc. are mathematically random and unpredictable, therefore giving the player confidence that the game is not rigged. An RNG that operates properly gives players confidence in the gaming system and prevents unwarranted complaints.
Additional LICENSES & CERTIFICATES
Currently, our games are using the RNG has the following licenses & certifications:
RNG (Random Number Generator) audited by eCOGRA
Gaming Labs Certified
Antillephone License Validation”
Q2)Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
“To answer this question. We take security very, very seriously. We ensure all key releases are audited by the top auditors in the industry.
Results and reports of Lucky Lion audit engagements
You can find all our completed smart contract and in-progress smart contract audits, as well as links show to the comprehensive reports here: https://docs.luckylion.io/security/audits
So far, we have been audited by four separate auditors, PeckShield, TechRate, Inspex and Certik.
Furthermore, we’re running a bug bounty with Immunefi.
We’ll ensure to get more audits with major releases.
We also have an outsourced penetration testing team that helps us conduct penetration tests prior to any major releases.
Additionally, all contracts are under a 7-day timelock. There is only one person with the timelock contract ownership. We have made a shield to cover MasterChef so the owner can’t use functions that affect investors such as migration, transfer ownership and harvest lock-up.
What does this mean?
It means this shield is public on gitbook but not deployed yet as it’s waiting for audit completion, ownership MasterChef will be transferred to shield and timelock will take over the shield again (owner->timelock->shield->MasterChef).
This means that even if there is only one owner, all MasterChef functions that can be set will not affect the investor’s capital, such as setting mint/blocks that are reduced monthly based on tokenomics, or changing dev address wallets. Once the owner has made an adjustment, the values are announced by the community and executed after a 7-day delay.”
Q3) I would like to know what is you guys’s plan next for marketing in global scale, and who is partner else about advertisement?
“Jelly Lion, [28 Nov BE 2564 20:20:54]:
The Lion’s Path to the moon
“For our movement and next step plan we actually have our full roadmap in our whitepaper: https://docs.luckylion.io/roadmap
We’ve been busy bees, ah the Lion version of that saying.
After kicking off our iGaming series on the 16th of October! Thanks to our vendors, we’ll be testing and releasing new titles each month. We’re super excited about an industry first, First-Person-Shooter, set in space, allowing users to control their characters to collect ammo and loot.
The Lion’s Path to the moon
We have been launching a new Live Pool with KillSwitch Finance which is given 4x benefit for the investor.
We’re launching our highly anticipated revenue sharing liquidity pool (LUCKY-BUSD) shortly thereafter, in early November, 2021. This will give investors and gamers the opportunity to stake and earn a share of Lucky Lion’s revenue each week.
We’re expanding our Gaming collectable NFTs, allowing users to earn them by Gaming or other means, including some that can be purchased on marketplaces. We’re expanding this further in the future to allow for utilities such as extra credits, and then push it through our future partners (think like Axie Lucky Lion with special perks in both universes)
Now some rapid-fire updates;
- Listing on major exchanges
- Leaderboards with perks
- Referrals and Affiliate programs
- Consider originally produced gaming titles
- Major partnerships to end 2021 on a high note, and start 2022 on the right foot”
Q4) Could you introduce briefly about #LuckyLion tokenomics? And tell us more about Total supply and Starting price per token? How many tokens will be minted in future and how many tokens will be locked by the team/Investors?
Jelly Lion, [28 Nov BE 2564 20:24:21]:
Lucky Lion ecosystem uses the token that we name Lucky Token in our tokenomics system . Which are split in 3 pillars Yield Farming, iGaiming, Revenue Sharing pool
For the Lucky Lion Tokennomics:
There is a max supply of 100,000,000 $LUCKY tokens.
Emissions are vested over a two-year period. For full details please read: https://docs.luckylion.io/tokenomics
66% of these are Fair Launch Tokens (no pre-sale)
20% Ecosystem (Partnerships, Referral Program, Initial Prize Pool etc)
9% Dev Fund (Vested over a two-year period)
5% Warchest (listing fees, audits, third-party services etc)
Quoting from our tokenomics below:
As a fair launch project, we didn’t have a pre-sale, instead 1%, 1,000,000 LUCKY Token were used for seeding Lucky Lion’s LUCKY-BUSD pool. 1,000,000 $LUCKY — 30,000 $BUSD were burnt (transaction address is in our whitepaper)
During our Yield Farm launch, 65% of our total supply was distributed to all users depositing in Yield Farming LP Pools with only 9% of the tokens vesting to the team over a two-year period. Over this time, LUCKY Tokens are going to be released with a decaying emissions schedule (details in our tokenomics section of our whitepaper).
Allocation of 20 million tokens reserved for managing the ecosystem and integrating with other protocols. The ecosystem includes the Initial liquidity for partnerships, Referral Program, Play to Earn and iGaming Prize Fund. 7,000,000 of these tokens are used for Initial liquidity for partnerships, Referral Program and Play to Earn. 1,000,000 of these tokens are used for the initial iGaming prize fund. To avoid diluting the token and a price dump, we’ve also implemented a further restriction for the rest. No more than 500,000 tokens can be withdrawn each month, with the only exception being if there is prior approval from a community vote.”
Q5) How can Lucky Lion attract people playing on online casino to move to your platform because if less people play, investor won’t buy lucky and add LP for rev sharing because the return won’t be attractive.
“Given the nearly $3T USD market cap of the crypto market, there are definitely a lot of people who use crypto. and tends to increase steadily Therefore, we foresee new opportunities to allow crypto users to play our next gen iGaming (amazing and different gameplay from other online casino games) with the ease of using crypto in wallet to play and finally be assured of safety because we passed the audit from the world-class audit team.
Lucky Lion combines the goods of Defi world and online casino world together, we have many innovative games from EvoPlay including a very exclusive Star Guardian game (only 3 online casinos in the world currently have this game). In addition to Revenue Sharing Pool and NFT utility features. These kinds of games and features differentiate us from other online casinos and GameFi.”
-Question from Twitter session ends-
Q: “I see the NFT is involved here too, can you explain a little more how that plays into the $LUCKY system?”
“NFT is very hot right now, and we have great NFT artworks (Please see example). Players can earn NFTs which are game related, and are highly collectable at first. We will have leaderboards and top players can claim these exclusive NFTs. Later in the year, we’ll be releasing utility NFTs which will offer players a unique gameplay experience, Including in-game perks such as extra deposit or special tournaments. And lastly some of the collectable NFTs will be open for sale and trading, much like traditional gaming cards.
Here is sample for the Reward of this AMA
Q: “Most investors, the main focus of any crypto community is on the price of the token. When prices go up, people are happy, when they go down, people start to leave. Do you have a plan to strengthen and grow a loyal community, and how do you trust it as an investor?”
“In addition to the typical defi farm system, we also have an iGaming section which attracts both players. and investors to play our games And there is also a Revenue Sharing system which returns a share of revenue to both investors. and other gamers The income here will increase in size as the number of players. And of course, investors see an opportunity here.”
Q: “Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?”
“You can find all our completed smart contract and in-progress smart contract audits, as well as links show to the comprehensive reports here: https://docs.luckylion.io/security/audits So far, we have been audited by four separate auditors, PeckShield, TechRate, Inspex and Certik.Furthermore, we’re running a bug bounty with Immunefi.”
-End of AMA-