Waves.Exchanges is the official trading platform of the Waves blockchain. For those who are already on Waves, this good deal may interest you.
The Lamborghini has since the beginning symbolized the success of investors in cryptos. This explains why crypto sites very often offer Lamborghinis as gifts. There is now, since the ascension of Elon Musk, those who are rather Tesla competition. However, the Lambo still remains a car that crypto-holders dream of.
If this is your case, and you like the Waves blockchain, this may be a good plan for you.
This is the second year that the competition to win a Lambo has been in place. Here are the rules for those who want to enter the competition.
How to enter the competition to win a Lambo?
These are the same rules as last year.
➡️ You must first be registered on the exchange Waves.Exchanges.
➡️ You just need to invest USDT or USDC in the specific product "Lambo Investments" to be eligible. Remember that it is only in this product that you must invest. No matter the amount invested, all investors have the same chances of winning the lambo.
➡️ The “Lambo Investments” product allows you to earn around 60% APY per year. You generate USDT or USDC (depending on what you invested). Whether or not you win the Lambo, you will still be a winner from the winnings generated by the bot. (Please note, this remains indicative and there is a risk of loss).
➡️ To be eligible for the competition to win a Lamborgini, you must maintain your investment for a minimum period of 3 months.
What is Lambo Investments?
While it may be tempting to read 60% APY, remember that this is a trading product. There are risks that you should be aware of before participating. Even though it is a moderate risk algorithmic trading strategy, the risk is there.
We prefer to emphasize this point. It remains a trading bot, in absolute. The Lambo Invest bot will then trade on several trading platforms. Its goal: to make you earn money and make winning trades.
When you use Lambo Investment, you send USDT or USDC to a smart contract. In exchange, you receive USDTLAMBO or USDCLAMBO tokens. We receive an amount equivalent to what we invested.
Rules for participating in the Lambo competition
What is practical is that everyone participates in the competition. Regardless of your nationality, you are eligible for the competition.
✅ There is also no need to follow a KYC (Know Your Customer). So no matter where you live in the world, you can participate.
✅ There is no minimum to invest. It is recommended to invest a minimum of $10. You must invest an amount of your choice in the Lambo Invest bot AND follow the official Waves.Exanges Twitter account to automatically participate in the competition. So, you don't need to do anything other than simply invest in Lambo Invest.
✅ The competition starts exactly on May 30, 2022. It starts with the block 3. The competition will last for 140 blocks. This gives approximately 90 days. This is why you are asked to maintain your investment for a minimum of 3 months.
To participate in the competition, the user's average balance at block height 3 must be at least 269 USDTLAMBO or 772 USDCLAMBO. That's equivalent to $1 right now. So, we can say that the minimum participation is $1.
Who can win a Lamborghini (honestly)?
You know it better than me. Every time there is a competition, there are always hidden clauses. On ZoneBitcoin, we are good people (oh yes, did you doubt that?). In fact, we searched and searched the clauses carefully.
And in fact, it remains an honorable competition, it must be said. However, you should still know that the sooner you participate, the more chance you have of winning. In fact, the higher a user's average balance and the faster USDTLAMBO or USDCLAMBO tokens are received, the higher the chances of winning.
A person who enters the competition in July will have less chance of winning the famous Lambo.
Indeed, here is how the probabilities of winning the Lambo are calculated according to the official blog.
The criteria taken into account for the competition
An important factor that influences users' chances of winning is not only the amount of their investments, but also when they were made.
? Consider this example: Alice, Bob and Carl invested the equivalent of 100 USDTLAMBO each in Lambo, but did so at different times. Alice obtained USDTLAMBO tokens on May 30, Bob on June 15, and Carl on August 29.
According to the average balance calculation formula, after a period of 90 days, Alice's average balance will be 100 USDTLAMBO; Bob's average balance will be 50 USDTLAMBO and Carl's will be 1 USDTLAMBO.
Thus, Alice, who participated in the competition earlier, will have twice the chance of winning a Lambo than Bob. Carl's luck will be very low.
Remember that it is the 90-day average that is taken into account.
That's it, now you know the rules and you can participate in the Lambo Invest competition.
That said, if you're not familiar with Waves.Exchange, here's how you can sign up and use the platform.
How to register on Waves. Exchanges and participate in Lambo Investments?
Clearly, the very first thing you should do is find out about Waves. Before participating in the competition, you must be sure that you like the network. Again, this is not financial advice. Always do your own research.
Then, here are the simple steps to follow:
➡️ Step 1: Register with your email (or by key if you prefer) to Waves. Exchanges. This will take only few minutes.
➡️ Step 2: Now, you need to deposit crypto to your wallet on Waves.Exchanges. Deposit USDT or USDC to your wallet. Press the “Deposit” button in a small window displaying the USDT or USDC balance. You can deposit USDT from the BSC, Ethereum, Polygon or Waves networks.
On the top right, you have a blue button that you can't miss: "Deposit & Withdraw". Click on it to add cryptos to your wallet. This is also where you can withdraw your funds and send them to other wallets.
First choose the crypto you want to send. In our case, we deposited USDC. We sent USDC from Binance via the BSC network (It costs less). As you can see, you can deposit cryptos according to different networks.
⚠️ All transactions on Waves.Exchanges cost 0,005 Waves. You can also pay them in USDC/USDT recently. You can also send Waves directly to your wallet. Then you can trade and exchange them on the platform directly for USDC or USDT. (Always leave a little Waves to have enough to pay subsequent transaction fees. You never know).
➡️ Step 3: Now that you have the capital to invest, we can get straight to the point. Go to the “Invest” tab in the top menu. Then select Lambo Investments > choose the stablecoin you want to invest with (USDT or USDC).
➡️ Step 4 : Press the “Invest” button and specify the amount. The minimum amount to invest is 10 USDT or USDC.
➡️ Step 5: Read the rules and risks and press the “Invest” button again. Confirm the transaction. Please note the transaction fee of 0,005 WAVES. The transaction fee can also be paid in USDT, USDC or ETH.
➡️ Step 6: After investing, you will be awarded a corresponding amount of USDTLAMBO or USDCLAMBO tokens. Tokens are locked in the smart contract address daily from 11:12 UTC to XNUMX:XNUMX UTC.
➡️ Step 7: Press the “Get USDTLAMBO” or “Get USDCLAMBO” button to get tokens from the smart contract in your wallet. Note: If you do not get LAMBO tokens from the contract, your address will not participate in the competition.
➡️ Step 8: Follow him Official Twitter of Waves.Exchange.
➡️ Step 9: Congratulations! You have just entered the competition to win an Lmabo.
Important notes about the competition:
- Please note that only new investments participate in the competition!). This means that if you invested before May 30 (the competition date), then you will have to participate again.
- If you withdraw your tokens from Lambo Investments, send them to another wallet and make an investment once again, that investment will not be taken into account.
- If you withdraw your tokens from Lambo Investments and invest once again, only the positive difference between the withdrawal and deposit amounts will be taken into account.
When and how will we know the big winner of the superb Lambo?
A list of participants will be drawn up the day after the results are recorded on August 30. The participant's entries on the list correspond to their average balance over the entire duration of the competition.
Finally, winners will be chosen using the Waves Randomizer dApp. This is a random number generator. The app will randomly determine the winner's address. All calculation data is recorded on the blockchain, ensuring transparency in the count.
? The winner's address will be published on the official Twitter and other channels Waves Exchange. The winner will be announced no later than September 5. Owners of the winning addresses must be subscribed to the official Waves.Exchange Twitter. If this requirement is not met, a new address will be generated by the Randomizer application.
The winner will be awarded 240 USDN. The amount will be paid directly into their account. This is currently the price of a Lamborghini. The winner will need to contact the Waves.Exchange team via Twitter. The winner will need to be identified by making a test transaction from the winning address to the address proposed by the Waves.Exchange team. If the owner of the winning address does not contact them within two weeks of the winner being announced, the Randomizer dApp will generate a new winner.
? Good luck getting your Lambo!
Links to follow:
- The platform Waves.Exchanges
- Follow the Waves.Exchange account on Twitter
- Join the community on Telegram (not necessary for the competition).
Final word on the Lambo Investments competition, should you participate?
If you have the soul of a gambler and want to try your luck. Why not. However, remember that the Lambo Invest bot despite its 63% APY can be risky. We are NEVER safe from risk. So you can also lose.
Likewise, this is a competition for people who are comfortable with Waves. The network experienced a significant drop in its stablecoin USDN few months ago. Even if it's nothing compared to fall of Luna, we must keep these events in mind…
In short, enter the competition only if you are aware of what you are doing. Zonebitcoin does not provide financial advice as you know.
Some articles related to Waves:
- Discover the DEX on Waves: Swop-Fi.
- The decline in stablecoin USDN by Waves...
- The game Waves Duck
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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