🔆NFT

Bigwin NFT Coming Soon!

🤩 Introduce NFT to give extra investment value to tickets

Like most DeFi projects, the traditional no-loss lottery also faces the risk of being controlled by the whale, which means large asset holders have an absolute higher winning rate. It may lower the winning rate of other players, which may reduce their participation to some extent. Even they can get tokens by mining with basically no risk, but the yield is unattractive compared to staking and lending. Now, many lottery products are also working on the problem above. For example, Pooltogether launched the function: pod. The pod allows users to combine their deposits together. As long as any lottery ticket wins, the prize will be distributed proportionally to all the participants. There are also some other solutions, such as the Bunny limited prize pool. However, all of these are harmful to large asset holders, the major contributors to the platform' s TVL, which deviates from the aim of high TVL.

By making the LP token an NFT as a synthetic asset that anchors the revenues of market-making strategies, UniswapV3.0 took the first step in NFT financial application. Inspired by UniswapV3.0, we also tried to use NFT to get more small asset holders into the no-loss lottery pool without hurting TVL. Currently, every pool is to distribute homogenized lottery tickets to the users, and every ticket has the same strategy. The ticket is a way to get revenue, and it can only be used for raffling since there is no matched secondary market. In BigWin' s iteration plan, NFTs would be assigned to every prize pool which presents different lottery strategies. NFT has strong descriptive ability, and is suitable for complex and changeable financial contracts and lottery strategies. The lottery strategy is based on the participation time, proportion of the amount in the pool when joining, and the holding amount of BWIN. The user can either hold the NFT to get luckier, or sell it to other users in the pool to increase the winning rate. BigWin gives extra liquidity value to tickets better than raffling only, allowing all users to feel the magic of finance. We believe that the no-loss lottery combined with NFT will be a better tool to lead beginners into the DeFi world.