The golden age of DeFi, ponzinomics, and innovative Web3 mechanism is back And these are usually the highlights of the cycles @iMacroMillions falls exactly into this narrative And you're early enough to be in front of the majority on it 🔍
I'll dive into the mechanics of how Macro Millions work, but tbh, the real appeal here is the psychology behind it all Macro will attract degens with the fun it promises alone Look at how PumpFun succeeded in racking in billions in fees from hundreds of thousands of users
Macro Millions
Macro Millions1.8. klo 02.28
Macro Millions: The First EV-Backed Raffle Protocol What if holding a token gave you raffle entries, staking protected you from dilution, and LPing increased the backing behind every token? Welcome to Macro Millions A full breakdown 🧵
A former dev of $OHM decided to bring back gamified DeFi with the opportunity to make millions and life-changing wealth Like the raffles happening every few hours with up to $50K in prizes And the only thing you have to do to take part is holding some $MACRO
Continuing the comparison with PumpFun + PF made it easy to launch tokens in seconds, bringing users limitless adrenaline - It quickly brought to fatigue though, needing you to juggle/hold dozens of tokens, 90% of which dies within the first hour from launch
MACRO does things differently: + Degens still get the constant adrenaline fix from the raffles happening every 6 hours ++ You only have to hold 1 token, $MACRO, for which you only have to DYOR once This is great for both the most degen traders and the most-risk averse ones
The $MACRO tokenomics is also highly deflationary and plays well with Game Theory: Every 6 hours the token debases and a raffle is drawn The cost of tickets raffles also debases and the winners are paid in $USDC The burning address can even win some times
The debase is 0.1% per epoch, and there are 4 epochs per day The raffle tickets are semi-NFTs, divided by 5 colors and the extra Perma category collecting all 6 categories gives you extra benefits (higher gamification and community retention)
There are 3 ways to play this: - Hold and get passive ticket entries, but get exposed to debasement - Stake and avoid debasement, but also skip raffles - LP and get both protection from debasement and raffle tickets
The team's also planning to have tickets be usable as collateral This will unlock DeFi features further and bring more opportunities to holders Really curious to see where this goes
We've only had 13 raffles so far The initial requirement for 1 ticket was 50k tokens (~$340 at current price) and every debasement, the amount required goes down We're still incredibly early and we might never be this close to a bottom again 👇
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