The Web3 era is just about to get started and the development work is taking off with the introduction of many new projects. These platforms will be critical to bringing more users and businesses into the ways of decentralized technology, so they’re just as important as the fundamental design of blockchain networks.
One project that has been making headlines is LuckyFi, a Web3 marketing tool that lets stakeholders create and participate in rewards programs. It offers a novel way to generate revenue, all while users are doing something they enjoy and teams are spreading the word through marketing campaigns.
How LuckyFi Provides Brands with Great Marketing Tools
https://twitter.com/luckyfi_xyz/status/1580875347415142402
LuckyFi is built on the Binance Smart Chain and allows users to participate in various programs that grant prizes. Everything is done in a fair and transparent manner, as LuckyFi uses for the activity tools. The results can be verified on the chain and the winner selection process is also fair as it is based on algorithms. Participants can be sure that the selection process is fair.
The rewards themselves can be anything. For example, users could either win valuable NFTs or tokens – often at very low prices compared to what’s in the market. It also offers what is currently the highest prize in the industry. There are also paid and free raffles – users just have to connect their wallet, draw activities and hopefully win a prize.
This prize is worth a whopping $100,000 and there doesn’t seem to be any other platform putting up such a large amount. To participate, users will have to buy tickets, with each ticket costing 0.05 BNB. There is a maximum of 10,000 tickets, so a single ticket offers a 1 in 10,000 chance to win this prize. The content is due to end in just under 50 days.
These features come together to offer what is essentially a social marketing tool for Web3. Users of course want to harvest high-value NFTs in the most efficient way possible, while teams can use LuckyFi’s tools to prepare contests and giveaways. In 2023, the team also plans to establish a Decentralized Identifier tag that will capture the on-chain behavior of the user. They can obtain a sense of what the user is like and use that to further their targeting campaigns.
LuckyFi’s token is LUCK, and it is used to pay for the cost of creating activities. There is a total supply of 100 million, 30% of which has been set aside for the token sale.
LuckyFi is helping teams execute marketing activities and solving problems of fairness and transparency. As Web3 is a decentralized system, the ability to conduct these activities in the right manner is of utmost importance. Brands will see the usefulness of this tool, as connecting with their communities in Web3 requires open and honest communication that is provable on-chain.
Big Prizes Up for Grabs on LuckyFi
The LuckyFi Luck-Point Prize Pool is one of the highlights of the platform.
One of LuckyFi’s key features is its. Players receive rewards based on how many luckypoints they have. 1 BNB is the equivalent of 100,000 LuckyPoints. This keeps increasing in users’ accounts until they win a prize – and then it resets to zero.
The Luck-Point Prize pool has a total supply of 30 million LUCK, with the initial prize being 30,000 LUCK per day. After this, the prize decreases by 1% per day. For users, the benefit is that as they participate more, they win more.
LuckyFi’s Marketing Tools are Key to Web3’s Success
Web3 is going to make a significant difference in how we interact with each other. It will take some time before it reaches a global scale, but platforms like LuckyFi are building the fundamental tools that will popularize the next era of the web.
