Greetings!!

I was honoured to represent Lucky Lion in an AMA session

with Shrimp on 30/10/2021 at 14.00 UTC.

Let me share all the details about the session to keep you all updated with the advanced happenings eventuating in Lucky Lion.

Please find the recap of the session below:

Before that, let me introduce myself.

My name is Winged Lion. You can also call me Winged. I’m serving Lucky Lion as an operation head as I have vast experience of technical stuff. In 2018, I get involved in the crypto scene and blockchain and it has become my cup of tea since then.

Q1.What’s the idea behind the name Lucky Lion? How many people are in the team and are you guys staying anonymous? Would this be an obstacle for the project?

The name “Lucky Lion” is mainly because of the attributes of Lion. We all know that it is known for its fierce nature and is loyal to its community. We have also considered its symbolic meaning which depicts the exemplary code for our protocol.

People living in Asia have noticed the Lucky Lion statues outsides the workplaces, homes, and billboards. It has gained this popularity because of being guardians of wealth and success. In investing domain, luck main plays the main role in gaining success. The word “lion” is our charm. So, we have named this platform “Lucky Lion” as a source of property, wealth, luck, and protector of all protocols existing in our community.

Our team has more than 20 experts having vast experience in the field of FinTech. Our team also proved effective in handling and sustaining the iGaming business with over 200,000 active users since 2016. Additionally, our marketing domain is handled by Majestic Lion who has been working in the FinTech domain across Asia, Europe, and North America. In 2014, he get involved in the crypto scene. All our blockchain projects and ideas came from dev guru and CTO, Shaman Lion.

Various DeFi and cryptocurrency projects are kept anonymous because of various reasons. Lucky Lion does so because of the following reasons:

Our developer team has an NDA with gaming x animation studio based in Asia and Europe.

Confidentiality helps us to work without any constraint and to deliver the best service to our users by handling all the directives about sale, purchase and managing cryptocurrencies across the globe.

Security, transparency, and integrity are our main concerns as we deal with the finances of our users. We utilize all essential means to maintain a balance between these factors. Some of our highlights are:

Completion of four audits with index, peckshield, techrate, and certik.

Administrating a bug bounty with Immunefi.

Our partnership with titans in the crypto industry, that represents our team and brand.

Q2.Many people are interested in Lucky Lion’s tokenomics. Can you introduce it a bit? What was the thought behind the tokenomics?

One can reserve up to 100,000,000 $LUCKY tokens with emissions to be vested over a period of two years. You can check all the details here: https://docs.luckylion.io/tokenomics

Fair Launch Tokens are 60% (no pre-sale)

Ecosystem is 20% (Partnerships, Referral Program, Initial Prize Pool, etc)

Dev Fund is 9% (Vested over two years)

Warchest is 5%(listing fees, audits, third-party services, etc)

Quoting from our tokenomics below:

FAIR LAUNCH:

No pre-sale was announced in the fair launch project. However, 1% tokens were reserved for the seeding purpose of Lucky Lion’s LUCKY-BUSD pool. And 1,000,000 $LUCKY — 30,000 $BUSD were burnt (transaction address is in our whitepaper).

We have distributed 65% of the total supply to our users during Yield Farm Launch that was deposited in the Yield Farming LP Pools having 9% of the token given to the team over a period of two years. During this period, the LUCKY Tokens will be released with a declining emissions schedule (details are present in tokenomics section of our whitepaper).

ECOSYSTEM:

20 million tokens are allocated to manage the ecosystem and merge it with other standards. The starting liquidity for partnerships, Referral Program, Play to Earn and iGaming Prize Fund is included in the ecosystem which has used 7,000,000 of these tokens whereas the initial iGaming prize fund has used 1,000,000 of these tokens. Various limitations have been implemented for avoiding reduction on price dump and token. And one can withdraw up to 500,000 tokens each month if he has previous approval acquired through a community vote.

DEVELOPMENT FUND:

The platform will not exist if we don’t have the funds to support the team and hence 9% of the distributed tokens will go towards funding development and team expansion. This fund has a two-year vesting period to ensure that the team is here for a long-term.

WARCHEST:

Five million tokens are allocated for bearing the expenses of future strategies such as listing fees, audits, third-party services, etc. We have also applied some restrictions here aiming to avoid dilution in tokens. One can withdraw up to 200,000 tokens each month if he has previous approval acquired through a community vote.

Q3. Security is the top priority for a project. A lot of news about crypto projects being hacked lately. How do you guys prevent that from happening?

It is an important topic to discuss. Yes, we are mainly focused on our security terms. So, all the main releases are scrutinized by the top auditors of the industry.

Our comprehensive smart contract, on-going smart contract audits, and reports are present in this link attached: https://docs.luckylion.io/security/audits

Till now, Lucky Lion has been scrutinized by four different auditors named PeckShield, TechRate, Inspex, and Certik.

Moreover, we are also managing a bug bounty with Immunefi. So, we are hopeful to receive more audits with main releases. All the releases underwent penetration tests via our outsourced penetration testing team.

We make all the contracts under a timelock of seven days. At the time, there is one person with the timelock contract ownership. We also have covered our MasterChef with a shield aiming to protect our investor from any harmful function from the owner side such as migration, transfer ownership, and harvest lock-up

What does this mean?

It elucidates that shield is on the public mode in gitbook but not fully formed as it is in the stage of audit completion. The process goes like that: the ownership MasterChef will be given to shield and it will be acquired by timelock. This processes is represented as (owner->timelock->shield->MasterChef).

It clearly showed that all MasterChef functions will not affect the investor’s capital even in the case of one owner. For example, locating blocks that are minimized on monthly basis in tokenomics or swapping dev address wallets. After the adjustments made by the owner, the community declares the values which are implemented after seven days.

Q4.There’re a lot of gamefi projects out there right now. What makes Lucky Lion unique and stand out?

IGaming and GameFi have gained a lot of recognition and this domain is still growing and improving. Because of this nature, its scope is high and everyone is getting involved. The best strategy is in this domain is to understand the behavior and trend of your targeted consumers. Our casino is operating since 2016 on a command base having classic collection games without any transparency feature or audits. Still, we can generate a turnover of USD 1.8Bn within one year through this marketplace. It has moderate business and differs from crypto fluctuations.

Our main focus is to gain various groups that are mutually dependent. For that, we produced games for gamers that are of high quality and ensure transparency and security. We also offer NFTs collectibles and utility. Whereas we enable our investors to grow along with our business.

Besides Revenue Sharing Pool and NFT utility features, we have also other remarkable games that make us unique and preferable. Star Guardian game is one of those as it is only available in 3 online casinos across the world.

Q.5 Maybe it’s too early to ask this question, i.e. the prevention of game cheating. Game cheating must happen especially when ‘play to earn’ involves profit in the real world. Could you share your thoughts or solutions in iGaming how you will protect the fair competition for all the players? Thank you.

We ensure fairness, integrity, and transparency as we use an algorithm “Provably Fair Play”, that allows the players to endorse and examine our games’ fairness.

• The use of this algorithm builds a trust-based relationship with players. Mainly, an operator can’t change or interfere in this system so it is completely authentic.
• This algorithm provides full transparency by helping the players in examining their all actions and then comparing them with the results
• Such iGaming sites offer higher Return to Player (RTP).

Additional LICENSES & CERTIFICATES

RNG operates only through proper verification which requires licenses and certificates. We are verified by following:

● RNG (Random Number Generator) audited by eCOGRA

● Gaming Labs Certified

● Antillephone License Validation

For more information : https://docs.luckylion.io/igaming/provably-fair-play

Q6. 2021 is almost done. What’s the roadmap/plan for the lucky lion in this upcoming year? What should we expect from the project?

You can check our complete roadmap in our whitepaper: https://docs.luckylion.io/roadmap.

On the 16th of October, we have started our iGaming series and will release new titles every month with the help of our vendors. We are thrilled to announce the launching of First-Person-Shooter. It will our users to handle their characters while collecting ammo and loot.

We are working on a new Live Pool that will be of main advantage for our investors. This milestone will be achieved with the help of KillSwitch Finance. Our November target is to launch our highly anticipated revenue sharing liquidity pool (LUCKY-BUSD) which will let the gamers as well as the investors earn a share in the revenue of Lucky Lion, on weekly basis.

We are also working to expand our Gaming collectible NFTs, it will allow the users to make money by playing games and other means that can be procured on marketplaces. We are planning to expand this for other uses such as extra credits, and then push it through our future partners (think like Axie Lucky Lion with special perks in both universes)

Some other staggering updates are:

- Being listed on major exchanges

- Availability of Leaderboards with various benefits

- Referrals and Affiliate programs

- Focused on initially generated gaming titles

- Crucial partnerships will take this platform to an advanced level.

Q7.I see the NFT is involved here too, can you explain a little more how that plays into the $LUCKY system?

NFT is a great assets and our NFT artwork speaks volumes. We also work on iGaming industry that will shortly launch its NFTs. Moreover, users can earn it through our leaderboard system. Soon, we are going to launch utility NFTs that will have various perks such as extra or special tournaments. And our collectible NFTs are going to open for trading just like other conventional gaming cards.

SECTION 2 — Live AMA Questions.

Q1. Is there risk that the regulators might be able to shut your gambling operation down?

In November, we will receive our Gambling License from Curacao which proves authentic under seven types of gambling jurisdictions implemented across the world. These seven types of jurisdictions are mentioned:

1. Jurisdictions against online gambling: It is common mostly in China, Turkey, UAE, Brunei, Cambodia, North Korea, Japan, Singapore, Qatar, Lebanon, Poland (This list is provided as a reference).

2. Jurisdictions that provide licenses for operating online gambling with a restriction to not provide service in own country and banned foreign license holders to operate in-country.

3. Jurisdictions that provide licenses for operating online gambling with a restriction to not provide service in their own country but allow any foreign license holders to operate. (ex. Costa Rica).

4. Jurisdictions without having any law regarding online gambling. India is its main example.

5. Jurisdictions allow online gambling only through operators registered in the same country or state (ex. Some states in the USA).

6. Jurisdictions that allow online gambling by its residents through licensed operators from selected countries but have no domestic laws (ex. Most EU Countries that allow EU licensed operators to accept customers from their countries).

7. Jurisdictions allow online gambling by its residents through licensed operators from the home country and selected other countries (ex. Most EU Countries that allow EU licensed operators to accept customers from their countries).

Curaçao gaming license will not allow operating in countries mentioned in the first two categories and in 5th category. Aruba, Bonaire, Curaçao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, USA are the countries that do not authorize this license. However, it allows the operator to provide the services in countries mentioned in the 3rd category and a few countries under the 4th, 6th, and 7th category.

Except for the prohibited countries, all other countries allow the games under the Curaçao gaming license. However, users from prohibited countries get engaged in such games via VPN to access our games.

So, we have no risk from the regulator regarding the complete shut down of our systems but there are sine restrictions on advertising, payments, accessing the games in some countries that we are bound to follow. As we are Crypto based so it makes the payment method easy and smooth.