Stakin ICON Lossless Lottery DApp Announcement

ICON

Newsletter

Mar 09, 2022

2 min read

Stakin ICON Lossless Lottery DApp Announcement

Dear Stakin and ICON community members,

Foremost, we would like to thank you for your support and encouragement that we have received in the ICON Community over the last couple of years. Without our ICONists, we would not have been able to learn and grow as part of the ICON community and as an independent staking validator operator. We know it's our community that makes it possible to do what we do.

After careful consideration, we have decided that we cannot spend the necessary resources to continue the development of the ICON Lossless Lottery platform hosted on lottery.stakin.com. Therefore, effective from the 1st of May 2022, we will be discontinuing the lottery.

We are grateful to our partners such as the ICON Network Foundation and Velic who financed this project back in 2020 through their respective grant and delegation programs. This innovative DApp wouldn’t have been possible without their help. Most importantly, we are thankful to the 1,000+ users who chose to participate and buy lottery tickets. Since launch, the DApp generated 3,500+ transactions on the ICON blockchain and 30,000+ ICX have been won by many participants. We hope it’s been a fun DApp and a fruitful experience.

On the 1st of May 2022, we will shut down the ICON Lossless Lottery platform. As such, we will stop maintaining the software and may stop hosting the interface and no new lottery draws will be generated. We advise the current remaining ticket holders to withdraw their lottery tickets for ICX tokens before the 1st of May 2022 as the user interface and smart contracts will not be maintained anymore after that date.

While we are discontinuing the ICON Lossless Lottery for the time being, we will still continue to offer our validator services to the ICON community. Thank you for your support and understanding. This change allows us to bring more value to the ICON network, and other networks on which we operate, and we look forward to continuing to work with you. Happy staking!

All the best,

The Stakin Team


DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

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