Here’s how Stellar enthusiasts can win luxurious electric vehicle Polestar2: tickets starts from 1 LSP
LumenSwap, one of the first decentralized financial protocols at the top of the Stellar blockchain (XLM), is once again launching its unusual on-chain lottery for LSP holders.
Second round of Lumenswap’s lottery started
According to the official introductory post shared by Lumenswap’s team on its blog, on Dec. 24, 2021, the second round of its lottery started. The lottery will take place between blocks 38859006 Ledger and 39318422 Ledger on the Stellar (XLM) blockchain.
In this round, Lumenswap customers can win Polestar 2, a top-notch electric SUV. The prize pool will include the XLM equivalent of $ 67,000, the current price of Polestar 2.
Each ticket costs 1 LSP or $0.071 by press time. The winner will be determined on block 39318423.
To purchase lottery tickets, users need to send LSP tokens to a special address on the Stellar blockchain. The “Buy Ticket” window is implemented to ensure seamless one-click token purchases for every Stellar-based account. LSP tokens should only be sent to GAB7STHVD5BDH3EEYXPI3OM7PCS4V443PYB5FNT6CFGJVPDLMKDM24WK address.
The transaction hash of the “Buy LSP” transaction serves as a lottery ticket ID to unlock the opportunity to buy multiple tickets and increase the chances to win the lottery. At the same time, the DDoS protection service limits the number of requests to 3,600 tokens per hour from one IP address.
50,000 first tickets sold in two days
As in the first round which took place in October, the winner will be determined by a unique chain mechanism.
It will compare ticket hashes to the ledger hash to find the longest matching substring. The exact ledger/block number on Stellar will be determined by the team of Lumenswap about 30 days from the start of the round.
If both hashes have similar matching substrings, the ticket with the older timestamp will be chosen.
The global community of Stellar (XLM) enthusiasts demonstrates notable interest in the lottery as the first 50,000 were sold 48 hours after the start of the game.
Lumenswap is a non-custodial DeFi protocol on Stellar powered by a native LSP token.
