.png)
Aolotto is the first decentralized lottery protocol of the AO ecosystem, designed to provide users with a fair and transparent lottery experience through low-barrier betting and a profit-sharing model. Players can participate with just $1 and earn $ALT token rewards. Tokens are minted through the Bet2Mint mechanism, and in the future, the platform will expand around the LottoFi ecosystem.
Author: Kyle
Translator: Kyle
Reviewer: Orange
Source: Content Guild Translation
Originally published at: PermaDAO
Original link: https://permadao.com/Analysis-of-Aolotto-s-Tokenomics-The-Magic-of-1-On-Chain-Betting-d3db08bafe7643dfba2a0e71d7ce3294
Lottery has always been a consumer product aimed at the public, fulfilling people's needs for entertainment and hope, with a broad base of participants. In the world of Web3, decentralized lottery protocols not only eliminate the drawbacks of traditional lottery industries (such as opaque operations) but also create a "Shared joy is better than solitary joy" scenario.
Still haven’t become a millionaire overnight? No worries, you can at least enjoy a share of platform revenue. This is the "profit-sharing" philosophy that Arweave & AO ecosystem has always championed. What's more, now everyone can enjoy a seamless on-chain betting experience on the Aolotto with just $1.
Aolotto is the first decentralized lottery protocol of the AO ecosystem. Although the product has not officially launched, the tokenomics have recently been announced. Let’s take a look at the gameplay, product highlights, and the details of its economic model.
Aolotto’s official gameplay details have not yet been released. The following information is a summary based on in-depth discussions between the author and the team (Twitter: @aolotto_dao). Any changes will be based on official Aolotto announcements.
Specifically, Aolotto’s gameplay is similar to traditional "Pick 3" digital lottery. Players select numbers from 0 to 9 for the hundreds, tens, and ones places, and place their bets using wUSDC. After placing a bet, players can also receive $ALT platform token rewards. The Aolotto protocol then generates a 3-digit lucky number between 000-999 using a random algorithm.
The lottery draw time is not fixed. The draw will be triggered when one of the following conditions is met: