Bet on a Rocket Crash: LunaFi to Launch First Gamified IDO

LunaFi has officially announced an Initial DEX Offering (IDO) that includes a gamification mechanic. LunaFi is a decentralized sports betting platform launched by professional bettors.

The game is called “LunaFi Crash” and it is a crypto-native that allows players to place bets in ETH and receive LFI in return. In the round-based game, the LunaFi rocket keeps going up until it suddenly crashes at random.

Players can bet ETH and after the rocket launches, choose when to cash out. If they guess correctly, they will obtain a return on their bet paid out in LFI at TGE. If the rocket crashes before they cash out, they will need to try again.

George Porchester, CEO of LunaFi, states that the LunaFi Crash game is the first Proof of Concept of how they can revolutionize gambling with crypto.

We thought it would be fun to have our very own gamified IDO. No better way to showcase our platform right from the start.

The game uses smart contracts and has a target of $500,000 to raise in the first phase of the game, where players deposit pure ETH. This phase will launch on April 1 and will last one week. Also, a classic private sale will be launched on Lithium.finance (BSC) and Starter.xyz on Polygon. All funds from the IDO will be claimable on April 15, while LFI staking will launch on April 15.

Furthermore, a second phase of the game will be launched after the initial distribution and once liquidity has been deployed to Quickswap. This will allow players to play with ETH-LFI LP tokens to receive LFI at a discount, which is claimable after five days.

The betting arena has always been a very interesting playground for crypto. On LunaFi, users can join and provide liquidity for bettors taking advantage of the protocols house edge. All of the bets are programmed with open smart contracts and decentralized oracles which is to say that all bets have maximum transparency in terms of payouts.