Maker Basic (MKB)

Maker Basic (MKB) is a decentralized lottery platform that ensures fair play through innovative mechanisms. The lottery operates on a tax-based model utilizing its native token, which incorporates a buy/sell tax directly contributing to the lottery prize pot. The goal of Maker Basic is to democratize the lottery experience by implementing a system where not only winners benefit but also all token holders can experience advantages through unique protocol dynamics that promote sustainable economic growth.

Participants in the Maker Basic lottery must bond the native token to obtain lottery tickets. Each bonded token represents a ticket, and participants can mint new tickets for every lottery draw, which takes place every 24 hours. The lottery process includes a fully on-chain randomness mechanism powered by Chainlink VRF, ensuring a fair and transparent selection of winners. The prize pot is funded through a 10% tax on transactions involving the native token, with a significant portion allocated to rewarding the lottery winners in USDC.

In addition to its lottery function, Maker Basic places considerable emphasis on community governance. The platform operates as a decentralized autonomous organization (DAO), allowing holders of the native token to participate in decision-making processes. Bonded tokens are essential for voting, ensuring that only participants with a stake in the system have a voice in the platform’s governance. By establishing a participatory approach to governance, Maker Basic seeks to create a more engaged and invested community, ultimately driving the platform’s long-term success.