Jack’s Pot is the newly launched Wanchain based no-loss lottery DApp inspired the Ethereum based no-loss lottery DApp, Pool Together.
The DApp is a collaboration between the Wanchain and FinNexus dev teams and will be operated by FinNexus. As in Pool Together, Jack’s Pot allows DApp users a chance to win a lottery prize by staking their cryptocurrency (in this case, WAN). The staked WAN is delegated to a Wanchain validator, generating rewards as a part of the consensus process. The rewards are then pooled together in a single pot and awarded to the lottery winners.
No-loss, risk free lottery
Unlike a typical lottery where you lose the funds spent on tickets, with Jack’s Pot, your initial funds are never at risk. By generating the prize pot through delegation rewards from Wanchain’s consensus mechanism, Jack’s Pot allows for a no-loss lottery. Similar to a prize-linked savings account, the DApp is a fun and risk free way to play a game of chance and save your WAN at the same time.
Discover how to play and read more details in the announcement here.