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Lottery System

How does it work?

The lottery system will operate based on the market cap of the Mylambo Meme  token.  As the  market cap grows, the frequency of the lottery draws will increase, giving more opportunities for holders to win.

 

Lottery Milestones

 

Initial Draw (at $5 million USD Market Cap):

Once the Mylambo Meme project reaches a $5 million USD market cap, the first lottery  draw  will  take place. The winner will receive a "Lambo" or its equivalent value  in  Solana  or  Mylambo Meme  tokens.

 

Monthly Draws (at $25 million USD Market Cap):

Once the market cap reaches $25 million USD, the lottery draws will transition to a  monthly  schedule. This increases the frequency of draws, providing more opportunities for holders to win.

 

Weekly Draws (at $250 million USD Market Cap):

Once the market cap reaches $250 million USD, the lottery will occur weekly, maximizing the chances of winning for token holders.

 

Eligibility Criteria

 

To qualify for the lottery, participants must:

 

Hold Mylambo Meme Tokens: The wallet must contain at least $100  USD  worth  of  Mylambo Meme tokens at the time of the draw.

 

Hold Tokens at Draw Time: Only those who hold tokens at the time of the lottery draw will be eligible for the prize. The winner will be chosen based on the total number of holders of Mylambo Meme tokens.

 

Draw Process

 

Draw Frequency: The frequency of the lottery will be determined by the market  cap  milestones,  as described above.

 

Public Transparency: All lottery draws will be conducted transparently and publicly. The draw will be streamed live on the official Mylambo Meme YouTube channel, with at least 24 hours notice provided.

 

Draw process: The draw will be conducted through the website Random.org. For  example,  if  there are a total of one thousand holders, the draw will be between "1" and "1000." In a scenario where the drawn number is 364, the wallet in position 364 at the time of the draw would be the winner.

 

Winner Announcement: The wallet address of the winner will be published on the official website www.mylambomeme.com, as well as on X (formerly Twitter). Transaction details, including the transfer on the blockchain, will be made available for public verification.

 

Check the "Whitepaper" for more information.