PITBULL’s Uttermost Utility Case: PitLottery

Published in

Pitbull Community

3 min readSep 10, 2021

We are excited to introduce Pitbull’s latest innovation: PitLottery!

PitLottery is a unique game~lottery where users can win more $PIT tokens by purchasing tickets with their $PIT holdings. It will be a lottery platform rebase on Binance Smart Chain. 1 ticket costs 1 Billion $PIT. Users will receive 1 ticket for each 1B PIT paid. During the draw period, the contract will pick the final number, the winner of all tokens collected in the pool.

https://pitstop.pitbull.community/pitlottery

Following up our new midterm roadmap, we are delivering one by one. Whitepaper updates, brand-new usecases, publications, partnerships… Now it’s time for another function for $PIT holders; PitLottery is here.

The payout from the lottery prize-pool will be as followed;

2% goes to community wallet that will be used for project development such as listings, marketing, donations,
2% goes to burn wallet helping the total supply reduce,
2% will be send to the person who ‘’announce’’ winner. (This will be a button which will be available when at least 3 players are in the lottery and when the previous round ended 8 hours ago or more,
5% of the prize pool will be kept in the lottery for the next round (so PIT prize keeps increasing),
1% is used to pay all the fee’s mentioned above.

The price of 1 ticket: 1B $PIT

You can buy the tickets on PitStop connecting wallet.
Easy and safe to use!

Basic Rules:
- The lottery needs at least 3 players before a winner is announced.

- Every 28800 seconds (approximately per 8 hours) a winner can be announced.

$PIT is safe by design. It is an ownership-renounced token with each buy and sell automatically contributing to a liquidity pool that is locked forever. It is impossible to modify Pitbull’s contract , and it is impossible to pull liquidity from it, which makes the project one of the securest all over BSC. The team behind Pitbull is a fully volunteer team since beginning. As it comes to burning, because of the safe contract concept, there is no manual burn. As a community-driven project with no dev/team wallets, the volunteer Pitbull Team opted to create a community wallet that members can donate in order to further build the project. Listings, shelter donations, advertisement expenses are met by this community funds.

https://pitstop.pitbull.community/pitlottery

Minimum of 3 players to announce winner
Can buy unlimited tickets for more chance of winning
Announcing winner will receive percentage of Prize pool
Winner is chosen by random provably fair method

Fees:

4% is burned forever to blackhole
1% goes to Announcer Wallet
1% goes to Owner Wallet
5% is Rolled over for next game
89% goes to the winner
Good Luck!

We will keep delivering these kind of new utility cases to broaden Pitbull’s functions. By this way, supply will be burning faster while participants can earn more PITs.

P.S: We will be updating this article with the lottery link and instructions when it is live.

Follow PITBULL on Social Media:

Twitter https://twitter.com/BscPitbull

Telegram https://t.me/Pitbull_BSC

Reddit https://www.reddit.com/r/pitbulltoken/

Facebook

https://www.facebook.com/Pitbull-Token-Community-105251538446526

Discord https://discord.com/invite/b2Fk6zxfD4

Weibo http://weibo.com/pitbulltoken

Twitch https://www.twitch.tv/pitbullbsc

YouTube

https://www.youtube.com/channel/UCU6cga_nxaKxhkaH2T7RSkw