ToonLotto

ToonLotto is a decentralized crypto lottery designed to incentivize community engagement and reward $TOON stakers.. The prize pool which is funded by 2% of weekly ToonPool staking fees grows alongside the community, further encouraging user participation and retention. The entire process is provably fair and transparent.

How to Participate?

Participants that stake their $TOON tokens with ToonPool gain access to weekly entries into the lottery, with their staking amount determining the number of entries they receive. ToonLotto gives users access to a risk-less lottery where there are no upfront costs associated with it barring the regular act of staking $TOON on ToonPool.io. This structure not only increases users’ chances of winning but also enhances token utility by tying it to a gamified staking activity.

Winning and Distribution of Funds

The more tokens a user stakes, the higher their chance of winning, as the more entries they get. And so, when the winners are announced, the total prize is then distributed to a pre-determined number of people to be announced 1 week prior to the draw occuring. The winnings of the lottery are denominated in $TOON. Additional details about the lottery will be revealed closer to our first lottery post launch.