What is LOT.TRADE?
LOT.TRADE (LOT) is a platform that combines the thrill of gaming with the excitement of crypto trading. The platform aims to popularize crypto trading by organizing regular tournaments, battles, and challenges to determine the best traders in the world. It offers custom tournaments and big prize pools for winners, with NFTs as rewards and authorization access.
To start, traders can register for free on the LOT.TRADE platform and link their exchange, LP, or NFT platform trade account without any extra hassles. They can then contribute a tournament fee and participate in a tournament with other traders. For instance, if there are 10,000 participants in a tournament with a fee of 100 BUSD, the winner will receive a net prize of 1 million BUSD after the LOT.TRADE commission is deducted.
The platform uses a smart-contract players ranking and prize distribution system, where winners are determined based on the best ratio of profit to deposit during the tournament. The decentralized and distributed LOT architecture is based on two distributed registers: Blockchain #1 and Blockchain #2.
Blockchain #1 uses Binance Smart Chain (BSC) as an optimal solution from the perspective of transaction fees, technical characteristics, ownership register and circulation of LOTT and its derivatives, game NFT certificates, implementation of tournament smart contracts, governance, and other protocols. Meanwhile, Blockchain #2 uses Inter-Planetary File System (IPFS) as a distributed file system integrated with the BSC for storing and accessing large amounts of game and graphical information associated with NFTs.
The decentralized and distributed LOT architecture offers players full control over their assets through BSC non-custodial wallets and tournament smart contracts. The platform uses smart contracts with programmed and transparent logic of games, distribution of prize pools, and rating points. Additionally, it has a unified, transparent, and automated rating logic, a decentralized mechanism of tokenization, commission distribution, and LOTT liquidity supply, and a DAO mechanism for protocol management and project development.
LOT.TRADE is a unique platform that aims to make crypto trading fun and accessible to everyone. It offers a new way for traders to test their skills against others and win big prize pools. The platform's decentralized and distributed architecture ensures transparency, security, and fairness for all players.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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