Brief Intro to the WAIL Lottery

The WAIL Lottery brings together the thrill of meme culture and the power of smart contract technology to reward token holders in perpetuity. By collecting a small fee (2%) on transactions and channeling those funds into prize pools, WAIL creates a continuous cycle of builds, draws, and community excitement. Small WAIL draws occur frequently (often daily), while the Big WAIL jackpot offers a massive payout, vested over time to protect the token’s value. Whether you’re a seasoned trader or a first-time holder, the WAIL Lottery transforms everyday trading activity into a fun, high-stakes game—where anyone can become the next whale.

 

WAIL Lottery Overview

1. Small WAIL Draws

   • Frequency: Aims for every 24–48 hours, but timing may vary based on market activity.

   • Prize Size: Typically 1M–10M WAIL (subject to change).

   • Selection Method: Initially manually triggered by the WAIL team for flexibility. Over time, will transition to an automated system (e.g., Chainlink VRF) once trading volume stabilizes.

   • Live Streaming: Draws are announced and showcased on social media (e.g., Instagram, YouTube) to ensure transparency.

2. Big WAIL Draw

   • Jackpot: 100M WAIL awarded to a single winner (vesting enforced to limit immediate dumping).

   • Eligibility: Must hold ≥20,000 WAIL for at least 1 month prior to the draw.

   • Vesting Mechanism: Winner receives 25% immediately, with the remaining 75% released over 3 months (25% per month).

   • Trigger Event: Based on specific volume thresholds, community milestones, or scheduled “big event” draws.

3. “Tax & Release” Funding

   • Lottery prizes are funded via the 2% transaction fee on WAIL transfers. A portion of each tax goes to the Small WAIL Treasury and Big WAIL Treasury addresses, where it stays until distributed.

Functionality Details

1. Holding Requirement

   • For Big WAIL draws, the address must maintain ≥20,000 WAIL for a continuous 30-day period (subject to future updates).

   • For Small WAIL draws, there is no minimum hold requirement—merely holding WAIL qualifies you, though draws may have additional criteria announced from time to time.

2. Draw Announcement & Selection

   • Announcement: The WAIL team provides updates via official channels (website, social media) at least a few hours/days before each draw.

   • Random Selection: Conducted manually at launch—via random number generators shown live—to ensure community trust. Once volume matures, the draw mechanism moves to an on-chain VRF solution, removing human discretion.

3. Prize Distribution

   • Small WAIL prizes are distributed to winners in one lump sum.

   • Big WAIL prizes follow a vesting schedule (25% immediately, 25% monthly for 3 months). Winners claim their tokens from the vesting contract or via a claim function.

4. Draw Frequency & Scheduling

   • The exact timing is not guaranteed. While the WAIL team aims for frequent small draws, real-world factors like network volume or manual oversight may cause delays.

Terms and Conditions

1. Eligibility

   • By participating (i.e., by holding WAIL), users acknowledge they meet any minimum balance requirementsfor relevant draws.

   • The WAIL team reserves the right to adjust eligibility criteria, including hold durations, wallet thresholds, or the frequency of draws.

2. Winnings & Vesting

   • Big WAIL jackpot winners accept that only 25% is immediately liquid, with the remaining 75% distributed monthly over three months.

   • Prizes unclaimed beyond a certain period may expire (if implemented), at the team’s discretion or the community’s vote.

3. Fairness & Randomness

   • Initial draws rely on external random number generators used publicly on streams.

   • Future draws will implement Chainlink VRF or equivalent on-chain randomness for trustless selection.

4. Modification of Draw Structure

   • The WAIL team may modify the prize amounts, frequency, or selection process if necessary—especially during the early growth phase.

   • Any major changes will be announced to the community in advance.

5. Manual Overrides & Ownership Renouncement

   • Until the ownership is renounced or locked, certain manual actions (e.g., adjusting prize wallet addresses, scheduling draws) may be performed for maintenance, security, or to enhance fairness.

   • After final automation is in place, the contract can become immutable, removing the possibility of manual changes.

Disclaimers

1. No Guarantee of Value

   • Participating in WAIL lotteries does not guarantee any financial return. The token value may fluctuate significantly.

2. Market Volatility

   • Crypto markets are inherently volatile. Large prize distributions, user trading behavior, or external events can cause price swings.

3. Regulatory & Legal

   • The legal status of lottery tokens varies by jurisdiction. WAIL participants must ensure compliance with local regulations.

4. Risk of Loss

   • There is a risk of partial or total loss of capital. By holding or trading WAIL, users assume all associated risks.

5. Fairness & Security

   • While the WAIL team aims to ensure fair, transparent draws, no system is immune to technical failures, hacks, or force majeure events. The team disclaims liability for any unforeseen disruption or outcome.

6. Updates & Amendments

   • Terms, eligibility rules, and disclaimers may be updated over time. Continued participation implies acceptance of updated terms.

Contact & Support

• For further questions or concerns about the lottery, please visit our [Support Page/FAQ] or join the [Official WAIL Community Channels].

By participating in the WAIL lottery draws, you agree to all terms, conditions, and disclaimers outlined here and in our official [Whitepaper].

Thank you for being part of the WAIL community—where meme potential meets real utility to create a unique, rewarding experience.