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
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 👇
16.44K
290
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.