The winner of the first round of the Terra Rebels' lottery game received more than 24 million Terra Luna Classic (LUNC) and more than 10.5 million LUNC were sent to the burn wallet, it was revealed in a tweet on Friday.

The Terra Rebels announced the lottery game's launch last Friday. The Terra Classic network's first decentralized application (DApp) built on the network

It should be noted that each round of the game lasts for seven days and that tickets cost 5000 LUNC or $1.25 at the current exchange rate. The winner receives 60% of the pool, as it has been stated in the prior report, while the DApp distributes 26% to the burn wallet.

The most recent development has been welcomed by the community as expected. Rewards for supporting the LUNC burn have led one user to call it a "great initiative" and urge others to join as well. Another user added that the project needed to attract more attention from the community at the same time.

With the next round already on, those who still have questions about how to actually participate can look to the instructions given by reXx of the Terra Rebels. The tweet encourages users to be aware of scam websites because the game will demand them to connect their wallets, and users simply need to go to the "DAPPS" tab on the Terra Rebels website.

It is important to note that the lottery game is an effort to balance utility with the goal of lowering the supply of LUNCs. According to a Terra Classic developer, who was quoted by The Crypto Basic yesterday, the community will eventually have to give up the tax burn parameter to encourage DApp development on the chain because the utility will probably result in more efficient LUNC burns.

Nov 5, 2022
Crypto News

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