London, UK, January 20, 2023 (GLOBE NEWSWIRE) — Alcazar, a blockchain project that offers users the chance to win luxury goods in virtual lotteries, has outlined its ambitious plans for the rest of the year.
The enterprise, which is based on a state-of-the-art decentralized application (dApp), will hold multiple sweepstakes each week in 2023, with participants able to win high-end products such as Rolex watches, sports cars, premium NFTs, and prizes exceptional cash.
While 97% of funds raised through purchases will go towards the purchase of high-quality premiums (including purchases of graphics from other major communities), 3% will go into a transparent vault used to regularly buy back and burn the $ALCAZAR token platform native. Holders of such tokens can stake them to earn a generous APY and also stake Alcazar NFT to win prizes.
All lotteries have a predetermined ticket threshold, after which an animation appears on the screen to declare a winner. Fully vetted by an independent party, the Alcazar dApp selects winners at random. As with other lottery games, the more tickets users hold, the better their prospects. Corresponding ticket numbers will be announced on the Alcazar website and social channels.
In addition to having the opportunity to participate in the sweepstakes, the Alcazar community will have a say in the prizes themselves. If a winner decides that they would rather receive cash than, say, a Lamborghini Aventador, the vehicle will be raffled off and an alternative will be paid out in cash.
Following the launch of the official Alcazar dApp, the platform plans to build a sufficient user base to host a lottery with a prize of $1,000,000 USDT. There are also plans to launch a live casino and sportsbook in the second quarter and a Powerball/lottery shortly thereafter with a 15% revenue cut mechanism.
Leading up to its historic $1 million sweepstakes, Alcazar will be offering regular giveaways on its Telegram and Twitter channels, including free tickets to upcoming contests and highly coveted NFTs.
The decentralized application at the heart of the Alcazar ecosystem is currently in testing, and behind the scenes, the team is working to broaden access to its native token. Currently, $ALCAZAR is available on CEXs such as Bitmart, Digifinex, Coinstiger, Coinsbit and Azbit, with additional trading platforms expected to be announced soon.
An official collection of Alcazar NFTs recently debuted on the leading marketplace Shido Market, with Shido’s multi-chain DeFi aggregator Shido DEX integrated into the platform.
Alcazar users can expect to see a new website in Q1, while a points reward system could be introduced later in the year to reward dApp users for spending. The company will also pursue sponsorship and charitable opportunities in the latter part of 2023.
Alcazar is building the bridge of luck between the real world and the cryptocurrency world. The fully vetted decentralized application offers users the opportunity to win luxury goods in virtual lotteries and also to invest and stake its native token $ALCAZAR to earn prizes. Registered in the UK, Alcazar was created by a highly experienced and transparent team committed to improving utility in the cryptocurrency industry.
Media contact: James Lydon, [email protected]