BecoSwap launches our own AMM Swap — New V2 Lottery system with big Prize has been Kicked Off already!
BecoSwap users and BECO holders alike, today we are super excited to introduce our own AMM Swap and Lottery V2!
About our new AMM Swap
We listen to our community, and understand how an AMM provides excellent yield farming opportunities for users while incentivizing LPs to supply more liquidity to pools. BecoSwap now utilizes the same AMM model as other large DeFi DEXs.
For each transaction, BecoSwap charges a 0.1% swapping fee for every token swap, with 0.05% going to LP providers and 0.05% sent to the BecoSwap treasury, a fund responsible for maintaining the development and operation of the platform (mostly via BECO buybacks and burns). The swap fee will be returned up to 100% in BECO tokens.
BecoSwap allows users to only trade between KRC-20 tokens on KardiaChain. Users will be able to list, add liquidity and swap any KRC-20 tokens freely.
What’s new with Lottery V2?
- Cheaper ticket prices — $5 USD equivalent in BECO per ticket. The price of BECO tokens in USD will be re-calculated after each round started.
- Bulk discounts — the more tickets you buy (max 100 each transaction), the cheaper they are!
- You can pick your own numbers (if you want)
- Reduced gas fees — gas fees per ticket can now be almost 70% lower than V1
- BECO Injections — an average total of 50,000 BECO from the treasury is added to lottery rounds over the course of a week. This BECO is of course also included in rollovers! Read more in our guide to BECO Tokenomics.
And oh yeah, there’s also more chance than ever to win!
The current prize breakdown looks like this:
To achieve the best possible balance, we opted for $5 per ticket, which is fixed, so no more extra expensive tickets when the price of BECO goes up.
On the plus side, the journey to achieve the lowest reasonable ticket price led to a nearly 70% reduction (that’s a lot) in gas fees when buying tickets in bulk!
How does it work?
Before you buy any tickets, please take a few minutes to understand how things work.
At the very least, make sure you understand the winning conditions:
The numbers on your tickets must match the winning numbers in the same order, starting from the first digit. So if your first digit doesn’t match and all the others do match, you won’t win anything.
Good luck and have fun!
