BITBankroll is a crypto lottery dapp that allows users to play the lottery and earn interest by staking their MATIC tokens. Play the lottery to win 40% of the lottery prize pot - So make sure to invite your friends, to build the value of the pot. The prize pot is made up of other users who have bought tickets, along with MATIC contributed to the pot from stakers who ended their stake early. The more lottery tickets you buy, the higher the chance you have to win!
Stake MATIC to earn rewards every month. 50% of the lottery pool every month is paid to stakers, and 10% is paid back to the house for management fees. If you end your stake early, 50% of your capital, along with any rewards earned, will be forfeited and added back to the lottery pot.
How do I use BITBankroll?
To use BITBankroll, you will need to connect your crypto wallet on the MATIC main net. Once you've connected your wallet, you can play the lottery and earn interest by staking your MATIC tokens.
How do I play the lottery on BITBankroll?
To play the lottery on BITBankroll, simply select the number of tickets you'd like to purchase and click "play". You will need to have enough MATIC in your wallet to cover the cost of the tickets. The lottery is drawn at regular intervals, and the winner receives 40% of the lottery pool.
How do I stake MATIC on BITBankroll?
To stake MATIC on BITBankroll, go to the staking section of the dapp and select the amount of MATIC you'd like to stake. You will earn interest on your staked MATIC, which comes from the lottery pool.
THE MORE YOU STAKE, THE MORE YOU EARN!
What happens if I end my stake early?
If you end your stake early, you will lose 50% of your staked MATIC, along with 50% of any interest earned. This is a penalty for ending your stake early, as it disrupts the stability of the lottery pool.
How do I withdraw my winnings and staked MATIC from BITBankroll?
You can withdraw your winnings and staked MATIC from BITBankroll at any time. Simply go to the "withdraw" section of the dapp and select the amount you'd like to withdraw. Your funds will be transferred to your crypto wallet on the MATIC main net.
How do I buy MATIC?
There are a number of ways to buy MATIC. You can buy it easily on Coinbase then transfer it to your MetaMask Wallet
How do I use MetaMask?
Take a look at this quick video in order to get set up and running
What is a crypto-based lottery and staking platform?
A crypto-based lottery and staking platform is a platform that allows users to participate in lotteries or stake their cryptocurrency to earn rewards. The platform is typically built on a blockchain network and uses smart contracts to ensure transparency and fairness.
How does the lottery part of the platform work?
Users can purchase tickets using their cryptocurrency, and the lottery results are determined by a random number generator. The winners receive their winnings in cryptocurrency.
What is staking and how does it work on the platform?
Staking is the process of holding cryptocurrency in a wallet on the platform to support the network and earn rewards. Users can stake their cryptocurrency on the platform, and the rewards they earn depend on the amount they stake and the length of time they stake it.
What types of cryptocurrencies can be used on the platform?
Our crypto-based lottery and staking platform currently supports only Polygon ${currency} cryptocurrency. However, we may consider adding support for other cryptocurrencies in the future, depending on user demand and platform development.
How is the platform secured?
The platform is typically built on a blockchain network, which uses cryptographic algorithms to secure the data and transactions. The use of smart contracts ensures that the lottery and staking processes are transparent and cannot be tampered with.
What happens if there is a dispute or issue with the platform?
Most crypto-based lottery and staking platforms have a dispute resolution process in place. Users can usually reach out to customer support to resolve any issues or disputes they may have.
Is the platform legal?
The legality of crypto-based lottery and staking platforms varies by jurisdiction. It is important to research the laws and regulations in your specific location to ensure that the platform is legal and compliant.
Can anyone participate in the lottery or staking on the platform?
Most crypto-based lottery and staking platforms have eligibility requirements, such as age and location restrictions. It is important to review the platform's terms and conditions to ensure that you meet the eligibility requirements.