We are excited to announce the successful deployment of the Lucky8 token and the lottery contract on Ethereum mainnet!

With the successful deployment of the new $888 token, this tutorial shows how holders of the old $888 token can migrate to the new token contract.

With the upcoming implementation, Lucky8 presents a fundamental shift regarding the governance of Lucky8 including the ownership of the protocol. We intrinsically feel the need to build Lucky8 in the most transparent manner possible democratizing the protocol governance and giving full protocol ownership to $888 token holders.

Lucky8 is the first no-loss lottery featuring incentive mechanisms inspired by Empty Set Dollar to create economic flywheels. Lucky8 leverages a variety of different design choices to align protocol participation with game theoretics.

On Monday, December 4th, Lucky8 successfully initiated its protocol launch by establishing a Uniswap v2 liquidity pool (LP) with 82,000 USDC and 75% of the total $888 token supply. Following the launch, there was a rapid surge in trading volume, surpassing the $4 million mark within a few hours. Notably, the $888 token incorporates a 10% tax on both buy- and sell transactions, resulting in substantial tax earnings being generated.

TLDR:

2020, the start of a bull-run that will never be forgotten. ETH was slowly picking up, and DeFi had its first glory. Besides the introduction of money-markets, and AMMs - giga chads max aped into a novel kind of protocols.