Gambling can be dated back to the early days of humanity, in short we literally gamble/take risk on daily basis and this is accomplished by picking from provided odds with the hope of winning the Jack pot as many call it.
What if there was a system that actually provided a win-win situation and no negative or rather downside when the odds are not in our favor?
Sounds like a dream right? Well this is actually a reality with the help of BSC chain.
Introducing Moonpot
Powered by Beefy.Finance, moonpot is a savings/lottery defi platform built on the binance smart chain that offers high yielding APR as well as weekly to a month based lottery system.
The concept of Defi and savings is not new when relating to blockchain and cryptocurrency, we have seen several blockchain based app with APR that goes into thousands but nothing similar to what Moonpot offers.
Prior to now, users could stake their assets and get returns daily, weekly, monthly, and so on but the single disadvantage was asset volatility, you could only earn from staking and when these assets dip you are made to suffer an impermanent loss but all this is about to change with Moonpot
Moonpot offers an unbeatable APR coupled with the fact that assets staked automatically put that account into a lottery based system with a jackpot prize attached.
Assets staked are safe and are not tempered in anyway rather you get daily returns and if lucky you might just be the winner of the jackpot ranging to thousands in dollars.
Moonpot lottery system operates on chainlink vrf ensuring that pot winners are selected in a machine randomly generated means, meaning human influence is not allowed making the system as fair as possible
Be it 10 $POT or a thousand $POT the only difference is the amount/odds a high staking user has compared to low
How do I get started?
Moonpot is web3 based and requires a web3 supported wallet to gain access, this is where TokenPocket comes in
TokenPocket is a noncustodial wallet that allows users to easily manage their crypto assets and also a DApp browser to access multiple DApps across different blockchains and Moonpot is one of this many.
TokenPocket is available on Android and IOS device, users can easily download from playstore or appstore depending on their preference.
Users need to purchase $POT and if they already hold certain amount, they simply have to access moonpot via TokenPocket
Click on discover from asset menu and click on the search icon
Type in https://play.moonpot.com/?utm_source=tokenpocket or simply copy and paste the above directly to the search option
Click on go and navigate to the play option, your account will be automatically logged in but if not, simply click on the log in option to connect your address
As we mentioned, you need to hold $POT or $Cake in other to stake, with time other assets will be made available and users can play with multiple as they see fit