What is the Megapot Airdrop? Check out how to participate here!

Bittime - Megapot has emerged as a new concept that is revolutionizing the way people play lotteries globally. The platform is currently running an airdrop program. Learn what it is Megapot Airdrop and how to participate in this article!

With a ticket costing just $1, anyone can enter a daily raffle worth millions of dollars through a transparent system powered by the blockchain. In addition to offering the chance to win big, Megapot also introduces a Megapoints program that records users' initial contributions and could potentially form the basis for an airdrop once the token officially launches.

This article explains what Megapot is, how it works, and practical steps to easily participate in the Megapot airdrop. Stay tuned!

What is Megapot?

Megapot is the first global lottery fully run on the blockchain, holding daily draws with a top prize of $1,000,000. The system is designed to be fair and auditable thanks to smart contracts and a verified entropy mechanism.

The development team consists of former engineers from Uniswap, Lyft, and Microsoft. Megapot accepts participation via EVM wallet or credit card, except in regions restricted by gaming regulations.

What sets Megapot apart is its economic model. All ticket sales proceeds are returned 100% to players and liquidity providers.

This platform doesn't take any house fees. Since July 2024, it has run raffles worth over $200,000,000 and recorded 19 jackpot winners.

Read also: How to Get Blockmesh Dashboard Airdrop

How Megapot Works

Megapot combines several elements to ensure the system runs smoothly and safely. Here's how it works:

1. A $1 ticket offers a chance to win a $1,000,000 jackpot and additional prizes every day. In addition to the main prize, there are 31 smaller prizes each day, including one $25 prize, five $5 prizes, and twenty-five $2 prizes. All prizes are paid out automatically in USDC.

2. The prize pool is guaranteed by liquidity providers. LPs contribute USDC to support the jackpot. If there is no winner, LPs receive the proceeds from the next round. This model allows large jackpots to grow and continue without taking a margin from ticket sales.

3. Security is a priority. The Megapot smart contract has been audited four times by a trusted independent security firm. Randomness, or random numbers, are generated by Pyth Network Entropy, ensuring the draw is provably fair.

4. The ecosystem is opening up opportunities for developers. Many third-party apps have already integrated Megapot as a user retention feature, such as stablecoin wallets and mini-apps on major platforms.

Read also: What is the Spark Airdrop? How to Participate and Eligibility Requirements

What is Megapot Airdrop?

The Megapoint airdrop refers to the potential distribution of tokens to early adopters based on their activity on the platform. While there is currently no official token, Megapoints serve as a token of early activity.

Any action that shows participation in the early stages increases the chances when the airdrop occurs later.

Megapoints record the roles of players, liquidity providers, and developers. With this mechanism, Megapot rewards those who are active early and contribute to the ecosystem.

How to Join the Megapot Airdrop

Here are practical steps to participate and collect Megapoints which can increase your chances when the airdrop is held:

1. Visit the Megapot platform
   Go to the official Megapot website and accept the terms and conditions and confirm that you are at least 18 years old. Connect your EVM wallet or use the credit card option if available in your region.

2. Buy tickets and collect Megapoints
   Each USD 1 ticket earns 10 Megapoints. You can purchase more than one ticket to earn more points. Share your referral link to earn 20% of the Megapoints earned by your invitees. Your invitees also earn an additional 20% of their points.

3. Take advantage of streaks or consecutive purchase chains
   Purchasing tickets on consecutive days gives you a multiplier of up to 2.5x your points. A simple example: on the first day, 10 tickets earn you 100 Megapoints. On the second day, if you buy 10 tickets again, you'll earn 150 Megapoints, thanks to the 1.5x multiplier.

4. So liquidity provider or LP
   Go to the Liquidity section and deposit USDC on the first non-holiday business day of the month to start earning returns and Megapoints. LPs that guarantee jackpots receive more points.

5. Follow official announcements and community
   Follow Megapot's official social media accounts and join the Telegram group to stay updated on programs and campaigns. Important information regarding airdrops and Megapoints changes is frequently posted there.

6. vital Records
   The Megapoints program is subject to change based on ecosystem policies or to prevent fraud. Megapoints will also be applied retroactively to on-chain activity from third-party applications, according to the roadmap.

Read also: Monad Airdrop: Complete Guide to Claiming MON Tokens

About Megapoints

Megapoints is a system for recording initial activity that serves as a measure of contribution. Points earned are detailed as follows:

• Players earn 10 Megapoints per 1 USD ticket.

• LPs earn 1 Megapoints per day for every 1,000 USDC deposited without a minimum guarantee.

• LPs who guarantee a jackpot get 100 Megapoints per day for every 1,000 USDC.

• Referrals give you 20% of the Megapoints earned by your invited friends.

Streaks award up to 2.5x bonus points after consecutive purchases for 4 or more days. These points can be viewed in the Megapoints tab in your account. The system calculates activity automatically, and the team reserves the right to change the rules to maintain the ecosystem.

Read also: Complete Guide on How to Join the ARIAIP Airdrop and Get Tokens from IP RWA

Conclusion

Megapot offers a new way to participate in global lotteries, with the clarity and security of blockchain technology. With a $1 ticket, anyone can win a $1,000,000 jackpot every day.

The Megapoints program puts players and liquidity providers in a superior position when airdrops occur. For the best chances, connect your wallet, purchase tickets consistently, and utilize referrals and the LP option.

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FAQ

Is Megapot legal in all countries?

No. Participation is restricted to jurisdictions with gaming regulations restricting this type of lottery. Be sure to check local regulations.

How much does a Megapot ticket cost?

One ticket costs 1 USD.

How to get Megapoints the fastest?

Buy tickets, maintain a winning streak, invite friends through referrals, or become a liquidity provider that guarantees jackpots.

Are there any platform fees?

Megapot states that 100% of ticket sales are returned to players and LPs. The platform does not take a house fee.

When will the airdrop take place?

There's currently no specific date for the airdrop. Megapoints serve as proof of initial activity, potentially convertible to the token's official launch. Monitor Megapot's official announcements for the latest information.