No Loss Lottery 2.0
- Everyone loves a winner, and people love to gamble, so given an opportunity to gamble and win, without losing, how many people will enter such a raffle?
The return of the No Loss Lottery
As a fan of the No Loss Lottery, I am happy to see it return.
I am also happy to see the use of HBD as the ticket price. This will reduce the risk of a Hive-Engine Token price crash wipoing out participants to zero.
I like the idea of the custom token, and the no permission redemption feature.
I think people involved in decentralized projects should control their money, and the option to sell your token on Hive-Engine anytime you want is a good option.
But I think this will generate significant costs for
A custom token on Hive-Engine isn't cheap.
So this could increase admin fees eventually, but maybe the will get some whale account support to make it profitable. I guess only time will tell.
I expect previous customers of
to join because they have had a positive experience with the first No Loss Lottery . I think the customers of the other project
ran called
to join also, because they had a positive experience with him.
I invested in both projects and made very good returns and in the end, even though Cubfinance was a vistim of both the bear market and the sudden death of yield farming in Defi, I had a happy experience, made money, got all my Leo back, so I am happy to invest again.
Plus, I am reassured by new set-up, so I know my investment will be safe this time, because is designing this to protect us against things which are not under his control. I like that aspect of this a lot. I also know that after being on Hive seven years and built his reputation through the other projects. He is unlikely to run off with a few hundred or few thousand HBD.
So, as a fan of the creator, I think this is going to be a fun project to participate in and it is set-up to guarantee the safety of the principle invested and the fun of occaisional small prizes.
I do hope that directs efforts outside of Hive, so the project gets money from outside and grows to a make the prizes really big. The Hive ecosystem is to small for this project to grow really big. But offerring people outside Hive 7.5% APR on their money may result in a winner.
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