On October 21th 2021, our community had a chance to welcome Mr EL - CEO/Founder of LUCKY LION to join in an AMA to deliver fruitful information about the key features and roadmap of the project.
Lucky Lion allows players to yield their tokens on our decentralised yield farm, play industry leading games and stake their winnings through the revenue sharing pool to earn even more amazing rewards.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, Mr EL directly greeted the community and provided detailed information on LUCKY LION as well as some exciting events that will be held in the near future.
Time: 20:00 PM (UTC+7) | Thursday, October 21st, 2021
Venue: https://t.me/CryptoFamilyVN
Airdrop: 200$ for members with the best questions
Below are some main points of this AMA session:
PART I: INTRODUCTION OF LUCKY LION:
Q1. First, please briefly introduce your team and some key features of Lucky Lion. What are its competitive advantages compared to other GameFi platforms?
Mr EL: Our team consists of a dedicated team of around 20+ experts, Our team has countless years of experience in FinTech, as well as running a successful iGaming business since 2016, which has accumulated over 200,000 active users. Additionally, we have people who have been deeply involved in blockchain for a number of years as well as our CTO who has been a senior blockchain developer for well over six years.
Our key competitive advantage is we have accumulated over five years of iGaming user data, thus we understand the iGaming user behavior and trends. To capitalise on this, we'll be running regular campaigns and promotions thus keeping the existing user-base engaged, whilst constantly acquiring new users. To top it off, little time investment is needed to earn, and users retain the flexibility of choice: invest, play-to-win/earn or both.
Q2. Next, please share with us the roadmap of Lucky Lion in the coming time.
Mr EL: We just kicked off our iGaming series on the 16th of October! And more iGaming series this morning. We're launching our highly anticipated revenue sharing liquidity pool (LUCKY-BUSD) shortly thereafter, in November, 2021. This will give investors and gamers the opportunity to stake and earn a share of Lucky Lion's revenue each week.
We're expanding our Gaming collectable NFTs, allowing users to earn them by Gaming or other means, including some that can be purchased on marketplaces We're expanding this further in the future to allow for utilities such as extra credits, and then push it through our future partners.
Now some rapid-fire updates;
- Listing on major exchanges
- Leaderboards with perks
- Referrals and Affiliate programs
- Consider originally produced gaming titles
- Major partnerships to end 2021 on a high note, and start 2022 on the right foot
We actually have our full roadmap in our whitepaper: https://docs.luckylion.io/roadmap
3. Could you please update to the community some latest news or big events of Lucky Lion?
Mr EL: Certainly, We have had many news since the day we launch, you could see the full details in - https://docs.luckylion.io/history. To summarise for the major events for us:
1. Being listed on CoinMarketCap and CoinGecko.
2. Conducted our bug bounty with Immunefi
3. Completed our audits with Certik, PeckShield, TechRate and Inspex
4. Partnership with Alpaca Finance, LatteSwap and Project Galaxy NFT.
And we will have many more partnerships with big names in the market coming along very soon. It may be as soon as tomorrow.🤭
CF: That's a very practical and convincing explanation. I believe all the members here would love to hear more about the project, and they have many questions submitted on Twitter today. Now let's move to Part 2 with some good questions from Twitter that I have chosen carefully for you.
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
Q1. From @MayaNguyen2305
Could you please elaborate on how can users monetize through the platform ? What are the in-game features allowing users to generate profits? What is the current target market of Lucky Lion, as well as its target customer on the development road towards mass adoption?
Mr EL: Our protocol allows gamers and investors to stake their LUCKY or BUSD in one of our two yield farming liquidity pools, LUCKY and LUCKY-BUSD thereby earning additional LUCKY. Their LUCKY tokens can then be used to play our ranges of games, or stake directly in the revenue sharing pool, earning up to 9% of the platform's revenue weekly. The iGaming section features dozens of games to choose from, including a first-person-shooter (an industry first), where players win jackpots and loots in tokens. Jackpots can be worth hundreds of thousands of dollars. Our target markets are the Philippines, Vietnam, Thailand, China and Turkey.
Q2. From @y1sus_afp
Today there is a lot of competition between blockchain, offering any amount of offers and profits in their games. What are Lucky Lion's plans to face this tight competition? What are the marketing activities that will allow them to promote this platform and gain massive users?
Mr EL: We have planned our marketing strategies before we launched Lucky Lion very carefully. That is why we became a partner with Alpaca Finance (Top Defi on BSC) and also LatteSwap within less than a month after we launched. We have done many AMA including CryptoFi, Crypto Family and many more coming. We are also discussing with a couple of GameFi and NFTs projects currently, if there is partnership happens we will announce in our channel. Furthermore, We will launch some unique features that help us gaining massive users by viral including:
1. Revenue sharing pool, where up to 9% of Lucky Lion's iGaming revenue is shared in the LUCKY-BUSD LP for investors to stake in.
2. Referral & Affiliate programs which will allow the existing users to bring in new users to play our games and earn some recurring compensation.
Q3. From @PKragak
What do you think if you think that security will determine the success of the project? Recently, there is too much information about the property being appropriated by Hacker. What partners does Lucky Lion have to enhance security? What is their experience in this field?
Mr EL: Absolutely, and we spare no expense here to ensure we do everything possible to keep Lucky Lion secure! We have an outsourced penetration test team, who helps us conduct penetration tests prior to any major releases and this team has global scale experience in the security and blockchain auditing fields. In addition to using Cloudflare (An American based web infrastructure and website security company) to enhance our security and ensure the reliability of our external-facing resources such as websites, APIs, and applications. It protects our internal resources such as behind-the-firewall applications, teams, and devices. And it helps our Lucky Lion team for developing globally-scalable applications.
Q4. From @Maccaao
Interesting Yield Farming on NFTs that's one of the attractive feature according to me. However, usually when farming starts the value of token decreases a lot, will it be the same in #Lucky Lion also, how will you avoid that & what incentives will you provide to users?
Mr EL: Correct, normally due to the minting process, and other factors, token price generally decreases and stays down. For any of our liquidity pools, be it Yield Farming or Revenue Sharing, we anticipate the price to increase over time especially upon launching relevant iGaming partnerships, whereby we reach a large base of relevant users. Additionally, we'll be launching a new set of games and vendors and launching a referral program that will continually drive new users to play our iGaming, thus driving the $LUCKY price up and in-turn ensuring that the yield farming and revenue sharing pools increase over time.
Q5. From @DaiHuynh1386
One of the biggest problems in the crypto market nowadays is privacy and security. Have your contract been audited? What are some insurance methods to help prevent your platform users from being hacked and stolen assets on Lucky Lion?
Mr EL: We have been audited by four separate auditors, Certik, PeckShield, TechRate and Inspex. In addition to running a bug bounty program with Immunefi. In addition to the four auditors We've also added security by adding a timelock system. Our contracts are under a 7-day timelock. There is only one person with the timelock contract ownership. We have made a shield to cover MasterChef so the owner can't use functions that affect investors such as migration, transfer ownership and harvest lock-up.
This shield is public on our GitHub but not deployed yet as it's waiting for audit completion, ownership MasterChef will be transferred to shield and timelock will take over the shield again (owner->timelock->shield->MasterChef ).
This means that even if there is only one owner, all MasterChef functions that can be set will not affect the investor's capital, such as setting mint/blocks that are reduced monthly based on tokenomics, or changing dev address wallets. Once the owner has made an adjustment, the values are announced by the community and executed after a 7 day delay.
CF: That's the end of Part 2. I believe all of the members here have gathered enough useful information, also they have many questions to exchange with you today.
PART III: BEST LIVE QUESTIONS IN CRYPTOFAMILY GROUP
Q1. Do you have any plan for community ambassador program to reward more users and create local community channel for those users who weak in English?
Mr EL: We won't be running an ambassador program, however we will be utilising a referral program and affiliate program to incentivise users to earn more by bringing new users in. This will be great for users that do micro blogging and have their own groups or website. Ideally those participating will have access to media and raw files which they can localise. Additionally we'll have local hires in each focus market, such as Vietnam.
Q2. Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Mr EL: 1 - Our NFTs: Our artwork is unique, and high quality, plus we feature iGaming industry first utility NFTs that will launch shortly. Additionally users can earn NFTs via our leaderboard system.
2 - Gaming: We feature a rotating list of games protected by provably fair play. We release games quickly, and are able to integrate with multiple vendors including ESPORTS providers if enough support is generated. Also, we'll be featuring the first play to earn First Person Shooter as soon as released by our iGaming vendor.
3 - Revenue sharing pool - This pool is directly linked to the platform's revenue meaning you can own part of the iGaming industries growing market share. Our speed-to-market and flexibility is our key advantage that lets us ride the wave of trends.
Q3. What is the ultimate vision that Lucky Lion is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like your project to play in this?
Mr EL: Our ultimate vision of Lucky Lion is becoming No. 1 crypto casino online.
CF: Thank you so much for taking your time to join our AMA today, as well as thanks for hundreds of good questions from our community. Seems like there're many things to exchange, but I'm afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
➡️Website: https://www.luckylion.io
➡️Twitter: https://twitter.com/LuckyLionGameFi
➡️Telegram: https://t.me/luckylioncommu
🇻🇳Telegram VN: https://t.me/LuckyLionVN
