Grazing Range Pool #23— Welcoming LUCKY to the herd!

This post was originally published on Alpaca Finance

Dear alpacas,

We senior alpacas are excited to welcome our newest addition to the range — Lucky Lion!

All you young alpacas will be able to stake ibALPACA for $82k USD in LUCKY rewards, which will be distributed over 4 weeks in the Grazing Range. The pool will go live on Oct 14th, 2021 at 10 AM GMT. As usual for a Grazing Range pool, you will also have a chance to earn exclusive NFTs if you meet the staking criteria.

A leveraged yield farming pool for LUCKY may be supported in the future if it meets the minimum liquidity requirements.

🎁Grazing Range Reward Details

Total Rewards: 1,654,100 LUCKY (~$82k USD)

LUCKY Token: 0xc3D912863152E1Afc935AD0D42d469e7C6B05B77

Rewards Period: 4+ weeks

biswap

Rewards Start Block: 11,766,600 (Approx. Oct 14th, 2021 10 AM GMT)

Rewards End Block: 12,573,000 (Approx. Nov 11th, 2021 10 AM GMT)

Distribution Schedule:

Exclusive NFT Cards for Pool’s Stakers

To be eligible, you must stake ibALPACA in the PEAR Grazing Range pool before October 15th, 10 AM GMT (1 day after the pool opens) and stake until at least November 3rd, 10AM GMT (for 27 days). The NFT tier you receive will be based on the amount of ibALPACA staked.

  • Green Tier: staked at least 500 ibALPACA
  • Silver Tier: staked at least 5,000 ibALPACA
  • Gold Tier: staked at least 50,000 ibALPACA

About Lucky Lion

Lucky Lion is a GameFi built on Binance Smart Chain, allowing users to stake in the yield farm to earn LUCKY tokens, play next-gen iGaming to win daily prizes, as well as stake their LUCKY tokens in the platform’s revenue sharing pool.

🔒Security Score Card on Lucky

Have the contracts been audited by professional auditing firms?

We have completed three major contract audits conducted by Inspex, PeckShield and TechRate. Certik audits are commencing shortly. You can find all of our audit reports here.

What is the project’s inception date?

The project launched on September 18, 2021.

Has your project even been involved with a hack or exploit?

No.

What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?

All contracts are under a 7-day timelock. There is only one person, which is our founder, who has the ownership on the timelock contract. We have also developed Shield to cover the Masterchef contract, so even the owner will not be able to use functions that affect investors such as migration, transfer of LUCKY ownership and harvest lock-up.

Shield is public on gitbook but it has not been deployed yet, as it’s waiting for audit completion. Once the audit is complete, ownership of the Masterchef contract will be transferred to Shield and timelock will be placed on shield again. Therefore, to make any changes to the contract, you must go through the owner, 7-day timelock, Shield until you can get to the Masterchef Contract.

As a result, the community will not need to worry about any issues on changes to the smart contract, such as changing the token emission rate or changing the development team’s wallet addresses. If any questionable adjustment is made, it will have to go through the 7-day delay from timelock, which will give the community enough time to withdraw their funds.

Does your token have a maximum supply cap?

$LUCKY has a max supply cap of 100,000,000.

Mint function. If Token does not have maximum supply, how is the mint function controlled?

Lucky Lion has maximum supply of 100,000,000 $LUCKY.

Mint function is controlled by the Masterchef contract, and it can only mint the 65M token as rewards, which is allocated to the farm, and 9M token rewards for the development fund, which is vested over a period of 2 years.

Prior to the deployment of the Masterchef contract, LUCKY has been minted on three occasions:
1. LUCKY-BUSD liquidity pool for fair launch (1M tokens). The owner has already burned the minted tokens.
2. Funds for the ecosystem (20M tokens), which are currently at the owner’s address.
3. Warchest (5M tokens), which is also at the owner’s address.

Combined with the remaining tokens minted by the Masterchef contract, 65Mn tokens will be distributed to visitors to the farm, and 9M for the development fund.

For more details please refer to our whitepaper here.

Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?

The protocol does not collect any fees.

Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?

We have the migration function on Masterchef contract. However, the migration function is still subject to the 7-day timelock period.

Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?

The token contract is not upgradeable.

Third-party risk. What underlying external parties do your contracts rely on?

We do not rely on any external contracts, and therefore do not have any third-party risks.

Where are tokens currently listed?

We are currently listed on PancakeSwap.

Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)

Lucky Lion’s $LUCKY has three main utilities:

  1. Yield Farming:
    LUCKY tokens staked to generate liquidity (LUCKY LP & LUCKY-BUSD LP). The initial LUCKY seeded LP of 30,000 BUSD was burnt (https://bscscan.com/tx/0xbda5712e1e8675b8aad5f08bc3935b25f281c91d24cb31b54c3b892030985e3b). A 8 hour harvest lock-up was implimented.
  2. iGaming:
    LUCKY tokens used as iGaming credits, allowing players to play a large and rotating selection of next-gen iGaming to win large prize pools, protected by provably fair play algorythm and 96%-98% return to player (audited by eCOGRA). Additionally, each 1,000 LUCKY turnover is rewarded with additional LUCKY.
  3. Platform Revenue Sharing:
    LUCKY tokens staked in our revenue sharing pool, allowing stakers to earn from the 9% platform revenue sharing pool (Lucky-BUSD LP).

Does your token have any advanced mechanics such as deflationary/rebase/reflexive?

No.

Please share your project’s roadmap

All of our key launches are featured in our roadmap here. However, even though we have a roadmap, it’s important to note that we re-visit and make necessary adjustments to the roadmap each week, as we take the feedback from the community into account.

We also keep track of all of our progress and feature releases in our release history in our Docs. You can find that here.

What % of the token supply is/will be controlled by the team

34% of the total $LUCKY supply is controlled by the team. They are allocated based on the distribution:

  1. Ecosystem: 20%
    The team will allocate 20% of the total LUCKY supply to support our ecosystem. This includes the funding for our partnerships, referral program & iGaming prize fund. Note that no more than 500,000 tokens can be withdrawn per month without prior community approval.
  2. Development Fund: 9%
    9% of to the total supply will be allocated to the Development Fund. The tokens are vested over two years.
  3. Warchest: 5%
    The team will allocate 5% of the total supply to Lucky Lion’s warchest. The funds in the warchest will be used to fund any third party services (such as contract audits). Note that no more than 200,000 tokens can be withdrawn per month without prior community approval.

To find more details on our tokenomics, please click here.

To find the list of our contract wallet addresses, please click here.

What % of the token supply is controlled by investors? What is the token distribution model?

Lucky Lion is a fair launch project meaning that there was no pre-sale or any investors.

Below are out token distribution:

Fair Launch: 66%
Ecosystem: 20%
Warchest: 5%
Development Fund: 9%

To find more details on our tokenomics, please click here.

Please share the profile of key team members

We are a mixed team of about 20 developers, with backgrounds in blockchain development and iGaming. The team is based in three locations across APAC and Europe. Here is a summary of our team members:

Electro Lion  Head of Product — He leads all of our feature releases.

Winged Lion  Head of Strategy — He is in charge of setting the business direction and roadmap for the project.

Majestic Lion — Head of Marketing — He runs all the content initiatives and partnerships.

Shaman Lion — Head of Engineering — He leads a small team of software engineers to develop the project.

For any projects interested in partnerships with Lucky Lion, please reach out directly to [email protected]

What monitoring or controls do you have in place that could catch issues, halt functions, or delay attacks to protect assets?

We have a 7-day timelock on our contracts.

Do you have a bug bounty program in place/planned?

Yes, we have already set up a bug bounty program with Immunefi — https://immunefi.com/bounty/luckylion/. Security and ensuring the highest level of protection of our systems is of utmost priority for the Lucky Lion team.

Nevertheless, despite our constant auditing and in-depth scrutiny, there could still be some instances of vulnerability given the fast-paced evolution of Blockchain, DeFi and GameFi ecosystems.

The bug bounty program pays rewards up to $50,000. Below are the key topics that are covered in our bug bounty program:

  • Smart contracts
  • Website & user-experience issues
  • Threats to loss of users’ funds
  • Gaming credits
  • Disruption of the governance system

Safety practices. Is there someone dedicated to security on the team? Does your git include your test/QA scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?

We have test scripts in code and our smart contract. We have also received audits on smart contracts from Inspex, PeckShield, and TechRate. Our audit with Certik is also commencing shortly. We’ll make sure to get more audits as we release more major features. In addition, we also have an outsourced penetration team, who will help us conduct penetration test prior to any major releases.

To learn more about LuckyLion, you can visit their official communication channels:

Website · Telegram · Twitter · Medium · Docs · Github


Grazing Range Pool #23— Welcoming LUCKY to the herd! was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

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