What It Is PotatoChips?

PotatoChips is the world’s first “Betting is mining” sports lottery project, and the quiz time is extended to 15 minutes before the end of the match.CHIPS makes all the quiz data publicly available on the real-time chain through smart contracts to ensure that the odds are fully effective and completely solve the situation where the dealer controls the odds in the traditional sports game quiz.

How to participate?

1. Establish a CHIPS/BNB trading pair on Pancakeswap, you can buy CHIPS.
2. Stake CHIPS to the quiz pool to participate in guessing betting (you can also bet at any time during the game).
3. After the betting is completed, the betting users will be settled with regular “betting is mining”, the airdrop rewards will be settled and the pot will be placed.
4. After the game is over, through the smart contract, the winner of the betting will automatically share 95% of the CHIPS of the total pool.

• 1)Before the end of the betting, the guesser can freely change the betting target, but every time the pledged CHIPS is withdrawn, 20% of the pledge deposit will be deducted, 50% of this part of the pledge deposit will be automatically injected into the total prize pool, and 50% will be permanently destroyed.
• 2)If there is no bet on the winning side, all pools will be owned by the platform;

Token distribution

Total CHIPS:10,000,000

Initial pot: 10% (1,000,000)

Ecological construction: 20% (2,000,000)

Mining pool:70% (7,000,000)

Betting is mining mechanism

From the start of the betting to the end of each game, the system will regularly reward all CHIPS users in the target pool with a small amount of funds. 2% of the total betting volume of the game, airdrop rewards and pot placement are carried out according to the mining rules, and the airdrop rewards are released linearly according to the inflation model. The maximum annualized income is expected to be 2190%.

• UTC, daily settlement at 01:00/9:00/17:00.

Settlement Rules

The settlement results of the three targets (A wins, B loses, and AB draws) that a certain team is betting on are as follows,

All betting users in the target pool with the smallest amount of funds will share 61.8% of the airdrop of this project;

All betting users in the target pool with a medium amount of funds will share 32.6% of the airdrop of this project;

All betting users in the target pool with the largest amount of funds cannot get airdrops;

14.6% of the airdrops of this project will be directly injected into the pot.

• 1) If there is no betting in a certain target pool during the settlement time, no one will receive the mining reward during the settlement period;
• 2) If the funds in the two target pools are equal during the settlement time, they will be randomly selected all CHIPS users in a target pool will equally share 61.8% of the airdrop for this project, and users in another pool will equally share 23.6% of the airdrop;

Website:http://chipsvip.com/#/

Discord: https://discord.gg/ESWKsZPDWD

Telegram: https://t.me/potatochipsvip