LUCKY Token Whitepaper
THE BACKGROUND
I have been involved on the blockchain since it was called Steem. I have made posts about the various games I play (Splinterlands, dCrops) and gambling posts that involve the transfer of part of the rewards or HSBI units or jackpots to various winners.
Along the way I have been thinking of a way to make my games a second layer endeavor. The LUCKY token is the vehicle I will use to achieve that. I’ll use the proceeds from the token sales to increase my HP to be able to upvote those who use my community. I will also use the token to purchase NFTs or other tokens as an investment, as a way to wager on the games, serve as a jackpot for some games and (eventually) to reward stakeholders with $Hive or other tokens.
The project also involves the creation of several communities. Some will be aimed at games or giveaways. One, specifically, will be The Friends of Lucky.This will allow the stakeholders to post and be upvoted. At some future date the plan is to make this community an outpost.
DISTRIBUTION OF THE LUCKY TOKEN
The bulk of the tokens will be sold. Some amounts will be set aside for rewards to folks who post about the token or folks who will be “market makers”. Some tokens will be set aside to reward stakeholders.
The amount of tokens is capped at 500k. No more can be created. In addition, the plan calls for a slow release of tokens for sale. The first 100k is released and I do not expect the rest to be released any time soon. My plan calls for next 100k to be released around the end of the first quarter 2023.
Breakdown of uses:
40% - Investments
15% - Rewards, Jackpots, etc
10% - HBD Savings
10% - HP Staking
15% - Staff
10% - Bloggers and Market Makers
HOW THE INVESTMENTS WILL WORK.
I intend to purchase and hold assets that generate a return. I will be buying into the the various games here on Hive with the intention of selling cards for profit, playing (or contracting someone to play, or (in the case of Splinterlands) renting out the cards. I will also buy the tokens that generate returns, such as brofund or utopis. Part of the returns will be from placing a percentage of the sales into HBD to generate the 20% interest rate. I fully anticipate the various investments giving a return on investment (ROI) somewhere in the neighborhood of 27%.
THE TOKEN USED IN GAMBLING
The objective is to use LUCKY as ticket for entering various giveaways or lotteries. It will also be included in the prize pool for some games. Once the staking and rewarding is set up it will also be part of the smorgasbord of tokens sent to stakeholders. Eventually I want the gambling games to be a self-contained second layer operation.
CAVEATS
Things could happen. Investments can fail or not return as expected. I intend to take steps to keep the token price of LUCKY at a good price - but it is totally dependent on the marketplace. Never invest more than you can afford to lose.
THE TIMELINE
Create the community Friends…Create tokenPresale (discount) - ongoing
Regular sale
Increasing the token functionality
Staking
Rewards
Investment in HP and $Hive earners
Other communities created or bought
Making Friends… community an outpost
