Nash Lottery

To drive adoption on Nash, here’s how I would put it:

Make using Nash exciting, create hype, build momentum.

What seems to me as the most exciting for the users and yet cost-efficient for Nash is having a weekly lottery. Why weekly? Because monthly is boring: if you don’t win, you have to wait another full month to have the excitement of checking whether you won!

What I find interesting in the concept of having a permanent weekly lottery is that everything can be plugged into it and users constantly get a chance to win, even with just 1 ticket.

I listed below a few ideas of what it could look like.

Personal quests

Quest Prize Product
Reach $2.5k daily volume 1 ticket Nash Exchange
Reach $15k daily volume 2 tickets Nash Exchange
Reach $25k volume on 3 consecutive days 7 tickets Nash Exchange
Reach $100k daily volume 9 tickets Nash Exchange
Reach $125k volume on 3 consecutive days 12 tickets Nash Exchange
Reach $100k monthly volume 5 tickets Nash Exchange
Reach $1M monthly volume 10 tickets Nash Exchange
Refer a friend (trades >$100 or Tier 1) 1 ticket Nash Exchange
Refer a friend (trades >$10k or Tier 2) 3 tickets Nash Exchange
Become Tier 1 1 ticket Nash Exchange
Become Tier 2 2 tickets Nash Exchange
Become Tier 3 3 tickets Nash Exchange
Purchase 100 USDC 1 ticket Nash Cash
Purchase 2.5k USDC 3 tickets Nash Cash
Purchase 25k USDC 5 tickets Nash Cash
Hold $1k 1 ticket Nash Savings
Hold $10k 3 tickets Nash Savings
Hold $100k 3 tickets Nash Savings
Make a purchase using Nash Link 1 ticket per $10 spent Nash Link
Make 3 purchases this week 3 tickets Nash Link
Get a Nice Topic badge 1 ticket Nash Communi.
Get a Nice Reply badge 2 tickets Nash Communi.
Get a Hot Topic badge 5 tickets Nash Communi.
Get an Orator badge 7 tickets Nash Communi.
Get a Great Topic badge 10 tickets Nash Communi.
Get a Great Reply badge 12 tickets Nash Communi.
Get an Esteemed badge 2 tickets Nash Communi.
Get an Anniversary badge 1 ticket Nash Communi.
Get 1k likes on a tweet praising Nash 10 tickets Social media
Get Aantonop to praise Nash 15 tickets Social media
Get APompliano to praise Nash 15 tickets Social media
Get CZ to praise Nash 25 tickets Social media
Get Elon to mention Nash 50 tickets Social media

Community goals

Goal Prize Product
Reach $10M daily volume Double lottery jackpot Nash Exchange
Reach $25M daily volume Double lottery jackpot Nash Exchange
Reach $100M daily volume Double lottery jackpot Nash Exchange
Reach $100M monthly volume Double lottery jackpot Nash Exchange
Reach $250M monthly volume Double lottery jackpot Nash Exchange
Reach $1B monthly volume Double lottery jackpot Nash Exchange
Reach 1k likes on a Nash tweet 1 extra ticket for everyone Social media
Reach 1k retweets on a Nash tweet 2 extra tickets for everyone Social media

Special events

Goal Prize
Nash Swag contest X tickets depending on rank
Christmas week Everyone at equal chance
New year’s eve Lottery jackpot doubled
Get over 90% good answers on Nash quizz 2 tickets

To be truly exciting, we’d need a specific page where you’d track your current tickets and progress of your quests. And of course a public page tracking community goals.

Obviously this is a lot of work to implement, so I’d love to hear what everyone here thinks: would it be worth the development time or is it best to stay focused on streamlining current products and developing new ones? How would you prioritize this?

Also, be sure to comment below if you have any feedback on how to improve this idea! (I’m sure we can think of many exciting Special events to add)

26 Likes

Holy this should be worth 100’s of tickets if this happened hahaha. Great idea though I appreciate all your work in the community!

2 Likes

Great idea Marc!

2 Likes

I get the idea, but it’s indeed too much work to implent when there are way more things atm that need priority. When the platform is fully ready and we have all the products in place this could indeed be a new fun thing to implent!

1 Like

Love this. It’s not a one-and-done thing (ie ‘Win a Lambo trading promo’ Binance-style), where small holders never even bothered because whales would be the obvious winners. Weekly lotteries perpetually incentivizes users across the full spectrum of user types ranging from holders to active traders, and gives even the small fish hope at winning. Not only that, but traders may decide to dabble in holding/Savings/staking if there’s opportunity at more tickets, and vice versa holders may decide to trying botting/hitting social media harder/switching ramps/etc. Obviously the benefits from users broadening their horizons in this manner are immense.

I’m sure there would be a category for stakers, too.

And maybe one pity ticket awarded to those whose countries are barred from trading on Nash. :sweat_smile: :sweat_smile: :canada:

5 Likes

This would definitely keep more people engaged. I would love to see this idea implemented :handshake:

2 Likes

Love the Idea! This could really leverage the efforts of the community in a massive way. It would also be cool to have the possibility to give your staking reward away for growing nash in a certain way. For exampel enabling the stakers to alocate a certain percentage to lottery awards, paid marketing or wathever making Nash goes forward.

1 Like

Why you don’t work at Nash? They should hire you! :sunglasses:

We had a lottery type on our growth test backlog, but I personally like a lot a few of those things were you have community goals as well - that is a good idea, thanks! Will add to our backlog.

2 Likes