Delegate Your Hive Power & Earn 125% Return In SPIN

Greeting From @hive-lottery!

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Hive lottery is very happy to inform the community that now you can earn SPIN Tokens by delegating your Hive Power to @hive-lottery. We have decided to provide 125% curation rewards to all the delegates in the shape of SPIN Token. Normally, a user can earn 0.1 hive a day as the curation reward with 1000 HP, but we are providing an exact amount of 0.125 Hive a day in the shape of SPIN Token for every 1000 HP that will be delegated to Hive Lottery. The current market price of SPIN token is 0.1 hive, that means you will get 1.25 SPIN Tokens each day for every 1000 HP. The rewards will be delivered weekly because we are doing it manually.

Remember!!! Each SPIN token is equal to a Lottery Ticket.

What is Hive Lottery

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Hive Lottery is a simple spin & win game played with the help of spin wheel bot in our Discord Server. The game is played between five and ten players. Players need to deposit at least ten tokens to join the game. After the deposit is confirmed, we add the player's name on the wheel and the bot will spin the wheel with the names of all the participants each day and will use a single token for each game, The winner is chosen by where the wheel stops. The winner gets all the tokens as the prize, which the bot has collected from the participants for spinning the wheel. A user can participate in the game by sending at least ten spin tokens to @spin-burn. The token is available at Hive-Engine/Tribaldex.

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Link to Our Discord Channel:
https://discord.gg/k79esAfhvs

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SPIN Token at Hive-engine/Tribaldex:
https://tribaldex.com/trade/SPIN

How We Planned To Maintain The Token:

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The Hive-engine token market is not a stable market and our game is being played through the SPIN token, so it is very important to maintain the value of the token. To maintain the value of the token, we have a brilliant plan which will be used in selling the tokens. The initial token is set at 0.1 hive per token, and we will sell 100k tokens at this price and as soon as the token will start getting sold, we will place a buyback order via @spin-burn with a 5% less amount for the first 100k tokens. Let's suppose today we sold 10k tokens at the price of 0.1 Hive, at the same time we will also place a buyback order of 10k tokens at the price of 0.095 which is 5% less than the original amount. This will help us maintain the market and players will be able to sell their tokens instantly.

After the sale of the first pair of 100k tokens, a second pair of 100k tokens will be placed on the sale at the price of 0.11 hive, which is 10% higher than the old one. This time, the old buyback order will remain at 0.095 until the new 100k tokens cannot be sold completely at 0.11 Hive. After these 100k tokens are sold, we will place another buyback token order at the price of 0.1045 hive which is again 5% less than the new token's sale price and the another 100k tokens will be placed aging for the sale at the price of 0.12 hive. The strategy of Selling and buyback token will last until the end of the SPIN token supply, which is just 10 million. The last pair of 100k SPIN Tokens will be sold at a price of 1 Hive per SPIN Token.

All tokens purchased by @spin-burn will be sent to @null every 24 hours. These tokens will not be resold in the market.

If You have any query, reach out to us
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