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Join the NFT-powered decentralized lottery via The Doge Project
If you are looking for an innovative NFT experience, The Doge Project wants to reunite the “good bois” of crypto and NFT markets. With their motto being “Just do good every day”, this team’s debut decentralized lottery allows NFT holders to win weekly prizes, donate to charity and more.
Their limited edition NFT tickets will be released on April 29th, so let’s learn about this exciting project ASAP!
What is the Doge Project?
In short, The Doge Project is a community-led NFT project that aims to honor its holders and give back to the world. In fact, the term “Doge” stands for “Do Only Good Everyday” – the core goal of the founding team.
The story of the project begins when the Doge Kingdom sees the dangers taking place on Earth. The Kryptoriks exploit the people of Earth, and the mighty Winter Bear terrorizes them. This exciting concept will be built into the project’s future decentralized game. Furthermore, it will be available via VR and in the metaverse when the Doge project’s future decentralized arcade is fully developed.
But the first step? Launch of a decentralized lottery. This new Web3 innovation will provide value to investors, engage users and offer weekly chances to win the jackpot. Can you imagine entering a lottery with a potential $70K+ prize pool every week? That’s what The Doge Project’s decentralized lottery offers.
Of course, the project team wants to bring more value to their community. It will start by releasing a FREE MINT to early adopters. This collection of 1669 unique PFP NFTs called “Decentra”. The project has a time traveling character from the history of the Doge project, which has been sent from the future to ensure that the Doge project succeeds in its mission. The journey continues with the project team’s first paid collection called “Doge is the new gold”. This consists of 6,969 NFT tokens. In addition, each digital asset represents the number of users who can participate in the lottery. As an NFT holder, you get exclusive access to the decentralized lottery, which they have named “DeLot”. Through this you will also get future airdrops, free coins and access to the project’s upcoming launches, including Metaverse properties and playable avatars!
How does the NFT lottery work?
First, users need to mint an NFT token to access the Decentralized Lottery application. The collection will drop on April 29, and there will be three rarities on the whitelist as follows:
Getting in early gives you the best price, with prices increasing after each coin. Every week, the Doge project will host a decentralized lottery where all 6,969 holders can participate.
To clarify, weekly entry to the decentralized lottery costs 15$USDC per ticket. Holders can purchase as many as 10 tickets. Also, each ticket consists of a number between 1 and 6969. This is because the Doge Project team wanted to ensure that the odds remain as transparent and favorable as possible, with only 6969 tickets available each week.
When you buy a lottery ticket, you get a randomly generated number. The Doge Project partnered with Chainlinks and integrated Chainlink’s Verifiable Random Function (VRF) and Chainlink’s Keepers to allow NFT holders to have access to a tamper-proof and auditable source of randomness when selecting winners. Therefore, unlike the traditional lottery IRL, this process gives everyone a fair shot at the grand prize. Furthermore, it ensures trust, transparency and reliability. So if your number is drawn during the weekly draw, the jackpot prize is seamlessly and automatically transferred directly to your wallet. No fuss, no fuss.
Of the $15 USDC used to purchase a ticket, 70% goes into the Jackpot prize pool. Another 20% goes to a charity pool, allocated to the NFT holders. Finally, 10% goes back to the Doge project to further build and establish the future.
Isn’t that exciting? This is just the beginning, as the project’s roadmap revealed many other amazing falls and a bright future!
What about the project roadmap?
According to their official website, The Doge Project will release two more NFT collections this year alone: ​​House of Doge and House of Shiba (both Game of Thrones themed, which gives the project a ferocity). These collections will individually increase the exclusivity of the decentralized lottery. It will do this by adding 6,969 more potential entrants each week, and increasing the amount of tickets that can be purchased each week. So with each collection drop, the potential prize pool increases by around $70k! MMeanwhile, the team will also begin developing their arcade and metaverse experiences for the communitywhich promises to be exciting and provide incredible value.
In the long term, project founders also aim to acquire new projects and scale their own community-first innovations. To help the project continue to succeed, they have hired an expert NFT Marketing team. This project is ambitious and willing to live in this space for the foreseeable future.
If you’re ready to join The Doge Project and its growing community, be sure to follow the project via Twitter and join in Discord server. In the meantime, prepare your digital wallet for the April 29th NFT release on their website and let the adventure begin! Don’t miss out on the early adopters prize or the promised free coins!
