What is Lucky Day?
Lucky Day consists of 20,000 lucky charm NFTs that each act as a ticket in a weekly lottery. 85% of revenues from the launch sale will kickstart the weekly prize pools. The first winner’s address will be sent up to 50% of the pool's balance at the time of the draw. 1% will be sent to project founders for project development. The remaining +49% will be kept for the following week’s pool, and so on and so forth. 100% of secondary sale royalties will be deposited into the pool to sustain prizes. As long as NFTs are being traded, the draws will continue. The prize pool can also be supported by outside donations, i.e. anyone can send ETH to the pool to increase the pool size and stimulate the market price of charms. Think of this process as buying a traditional lottery ticket where each new ticket increases the value of the pool but reduces the odds (more potential winners). In the case of Lucky Day, as the pool grows, the chances of winning don’t change. Supply is static, while market rate and pool size remain dynamic. This unique elasticity is what gives the project life, with the potential to reward both holders and traders in perpetuity.
