Illustration of EcosystemThis post will show the initial idea around the ecosystem for KRSTM token , and its main utility and liquidity force going forward , which will incentivise more developments and usecases backed by this decentralized revenue system and usecase.
It will consist in 2 main products which together make it possible a decentralized liquidity incentived by stablecoin rewards,synthetics creation with over 50% overcollaterization and no loss lotteries with constant profits.
Luckblocks – Consists mainly of original no-loss lotteries with prizes on mainstream cryptos like BTC,ETH,MATIC and also KRSTM , tickets are bought in USDC (or other stablecoin , based on community choice), these lotteries has fast prizes activated on each new bought/forfeit or auto spins backed by KRSTM holders nodes , winners of each raffle has a chance in the main lottery jackpot with its choosen numbers , each ticket has 3 draws in which you get your initial capital invested on the tickets plus profits. A part of each ticket bought will be redirected automatically to a decentralized staking pool for KRSTM-WMATIC LP holders. More about it in this link( https://krstm.tech/posts/luckblocks-decentralized-no-loss-lottery-with-revenue-for-krstm-lp-holders-2/)
Unisynths (working in progress name) – A synthetic asset platform, with one of it main objectives in bringing some big communities like DASH and LTC to Polygon network. Unisynths will use Luckblocks to overcollaterized itself on each new mint, bringing constant volume to the lotteries as each minter will be using their USDC collateral to play in Luckblocks on background, Minted tokens can be traded freely in any DEX/CEX etc, including a 1:1 trade on Atomic swaps with original asset. Example : if you mint 20 USDC in kDASH (DASH synthetic) you will receive 19.80 usd in kDASH or 20 usd in kDASH if you hold at least 5 KRSTM, contract will play in KRSTM lottery and receive back 30 USDC , having 10 USDC on top of the initial deposit in the end of the 3 raffle cycle, new mints in short time increase the chance of contract winning the raffles and sums the raffles opportunity to the contract, also if contract wins the jackpot on any of the lotteries, it will use its prize to buy KRSTM at the market and store it as reserve, increasing its value and getting tokens out of the market, this will help KRSTM store of value and to be used safely as a reserve currency on top of the 40% overcollaterization of USDC.
Buy me a coffee and for krstm buy support.
0x55ADe9E7143bc597261e8D068c08817A932955df
