We just burned 3 CORD + 300 VACC, and awarded 0.11 BNB in tri-weekly CORD traders’ draw! Burn + draw every 3.5 weeks!
Tags: Yield Farming, Cord, Finance, Defi, Lottery

We just burned 3 CORD + 300 VACC, and awarded 0.11 BNB in tri-weekly CORD traders’ draw! Burn + draw every 3.5 weeks! cordfinance Jun 28·3 min read

All eligible purchase orders of 10+ CORD for BNB are entered to WIN BNB every 3.5 weeks!

First winner got 0.11 BNB today just for buying 10 CORD and holding it for ONE HOUR! Congratulations 0x60e95f03e87eb379aeb6d55f0ffabc17025bc009! Plus we burned 3 more CORD + 300 VACC. Tri-weekly lottery (every ~3.5 weeks during vault resets) to win BNB, and tri-weekly burns (to regularly and permanently reduce supply of both CORD and VACC).

Funds come from our very small (0.25%) tax on transactions, and 5% tax on rewards from vaults. Tax revenues divided as follows.

· 1/5 burned, permanently reducing supply of CORD and VACC, which can never be minted. Over time, this means your stash will become more and more valuable as scarcity increases forever.

· 1/5 shared back to community as BNB via lottery! This will be obtained by selling the taxed amounts just before the draw

· 3/5 kept by team for development gas

The rules of the tri-weekly lottery are simple. Once every 3.5 weeks during pool resets, we will look back since the last draw, and collate all purchase transactions of at least 10 CORD purchased on SushiSwap or PancakeSwap V2 (details below). To be eligible, there must be no outbound tx of CORD from your wallet for at least 1 hour. That means no trading CORD for at least 1 hour after you buy it, staking is okay. The winner must also be hodling OR staking at least 1000 VACC at the time of the random draw, which will occur during the 3.5 days downtime between vaults. That’s it! We will select winners based on closest transaction hash of their buy order to the transaction hash of the tri-weekly CORD burn that we do just beforehand (tx hash must be under the burn hash); a verifiable random draw. Stack cards in your favor by placing more buy orders to get more chances! Just make sure you hodl the CORD for a FULL HOUR. And remember to hodl or stake minimum 1000 VACC at time of the random draw (you should hold more than that anyway to enjoy the global VACC hodler’s multiplier in all our vaults including partner vaults). Any tri-weekly draws that do not have any eligible transactions will be carried forward to the next draw for a bigger prize. (P.s. The project leaders not eligible to win.)

Contract for CORD on Binance Smart Chain (BSC)

0xa3506A4f978862A296b29816C4e65cf1a6F54AAA

Contract for VACC on Binance Smart Chain (BSC)

0xb01228C32F85db30b8F9fc59256B40C716b0E891

To buy or trade CORD-BNB on PancakeSwap V2, enter the BSC contract address of CORD in one of the PancakeSwap V2 exchange token fields, and select BNB in the other field.

https://exchange.pancakeswap.finance/#/swap

To buy or trade CORD-Sushi on SushiSwap, enter the BSC contract address of CORD in one of the SushiSwap exchange token fields, and select Sushi in the other field.

https://app.sushi.com/swap

To buy or trade CORD-VACC on PancakeSwap V2, enter the BSC contract addresses of CORD and VACC in the PancakeSwap V2 exchange token fields. https://exchange.pancakeswap.finance/#/swap

Any CORD purchase transactions meeting the above criteria will be automatically entered for the next random draw. The next tri-weekly CORD & VACC burning and BNB lottery are set to occur during the next vault reset ~3.5 weeks from now. So get trading CORD, and hodl for as little as one hour (how easy is that!), to WIN BNB. Just make sure you also hodl or stake 1000 VACC in your wallet at the time of the random draw.

In other news, vaults have been restarted for another 3 weeks as follows

· CORD -> VACC

· CORD-VACC-LP -> VACC

· VACC -> CORD

Good luck fellow CORDians!

- The CORD.Finance Team