RapidLotto | Edifyq

RapidLotto is a dynamic lottery game limited to 1,500 tickets per round, ensuring swift payouts and encouraging more participation with frequent winnings.

Image that depicts the income distribution of ticket sales

Hosted on the blockchain, RapidLotto leverages smart contracts to minimize administrative costs, allowing us to allocate a greater portion of ticket sales to the prize pool. Specifically, 75% of each ticket's price goes directly into the lotto pool for participants.

Our vision includes integrating numerous RapidLotto plugins across websites to foster the adoption of cryptocurrencies. RapidLotto utilizes DAI, highlighting the benefits of using a stablecoin for blockchain transactions. As part of our commitment to partners, we will share 10% of the ticket cost with webmasters.

The remaining 15% of ticket sales will cover administrative fees, with the resulting profits being distributed among DAO token holders.

RapidLotto Roadmap

May2024

RapidLotto on Sepolia

RapidLotto is now live on the Sepolia network, a public test environment for blockchain enthusiasts. This means anyone can participate in trying out RapidLotto and experiencing its innovative lottery system.

Click here to play

July2024

Deploying the DAO token

The DAO token will be deployed on the Ethereum network on the 5th of June. Once the token is deployed, it will be available for purchase directly on our website. This will be your chance to become a part of the RapidLotto community and shape its future.

July2024

Complete token presale

Presale complete We will complete your pre-sale and deploy an exchange for the trading of the Edifyq Gaming Token. This will help token holders that does not want to be part of the DAO to sell their tokens for Eth.

Aug2024

We will establish a new gaming entity in a jurisdiction known for its favorable tax treatment of the gaming and cryptocurrency industries. This move will provide us with a reduced tax burden and streamlined crypto regulatory framework. We are currently evaluating various jurisdictions to determine the optimal location for our new subsidiary.

Sept2024

Deploy controller to Oracle

The game controller that picks the winners will be deployed to an Oracle. This will be done to put the game controller in the public domain where any player or non-player can audit the game to make sure that the game is free from any influence.

Oct2024

Launch the DAO

The DAO launch signifies the culmination of our legal groundwork. The offshore entity, will hold the private keys controlling the DAO's and the RapidLotto smart contract. Following the launch, our platform will facilitate secondary market trading for the DAO token. This means token holders will gain the ability to sell their tokens to other interested participants, fostering a liquid market for the DAO token.

Oct2024

Launch RapidLotto to the Mainnet

The official launch of RapidLotto is scheduled for October 2024. This marks the beginning of game operations, allowing users to participate in RapidLotto's lottery system. Payouts will be distributed after 1,500 tickets are sold according to the established game rules. To prioritize price stability and reduce transaction volatility, we intend to utilize an established stablecoin as the primary currency for RapidLotto.

RapidLotto DAO

The RapidLotto DAO token serves as the cornerstone of our project. This limited-supply (1,000,000 tokens) investment vehicle will fuel the completion and launch of RapidLotto, along with establishing the legal entities needed to operate a global lottery system. But that's just the beginning. The funds raised will also go towards:

Multi-Chain Deployment: RapidLotto won't be confined to Ethereum. We plan to deploy it across every blockchain that supports smart contracts, fostering wider accessibility and a more inclusive ecosystem.

Bridging the Gaps: The next phase of our vision involves building a multi-chain bridge, enabling seamless and swift token transfers across different blockchains, not just Ethereum-based ones.

Investing in Your Future

DAO token holders are more than just investors; they're active participants in RapidLotto's success. Here's how your involvement shapes the future:

Profit Sharing: DAO token holders will share in the monthly profits of RapidLotto. A portion will be reinvested for continued growth, while the remainder will be distributed amongst token holders. You'll have a say in the percentage allocated for reinvestment (between 10% and 60%) through monthly voting.
Collective Decision-Making: Your vote also determines the direction of further investments. You'll have the power to decide which existing investments to continue and which to discontinue, ensuring optimal returns for the entire community.
Enhanced Influence: Holders with 10,000 or more tokens gain the privilege of proposing new voting options, shaping the future of RapidLotto beyond profit-sharing. They'll also benefit from additional, non-lottery related profits.

We're committed to fostering a highly engaged DAO community. Over the next two months, we'll unveil further details about the DAO structure and its governance mechanisms. Our goal is to leverage the power of collective intelligence to establish Edifyq as a leading contributor to the blockchain landscape.

We believe blockchain technology has the potential to empower communities and create a fairer system of resource distribution. RapidLotto is our first step on this path, and we invite you to join us in building a brighter blockchain future, together.

Track $EGT on Etherscan
Track Vendor Contract on Etherscan

Play Rapid Lotto

Buy DAO Tokens

Edifyq @2024