Guessing Mechanism
Last updated
Last updated
A rewards-based guessing game on the outcome of a coin flip, where users bet chips on whether the coin will land on heads or tails. Correct guesses are rewarded with double the bet, while incorrect guesses result in the loss of the bet.
Winning Probability: All participating users have a 50% chance of winning, regardless of the number of times they participate. The official smart contract is open-source for verification.
Fee Structure: The official platform will charge a 3% fee on each guessing activity (e.g., a 1 SOL bet will require 1.03 SOL). For first-time participants, an additional one-time small fee will be charged to cover the Solana account rental, which is the Solana account creation fee and not revenue for the team. Subsequent guesses from the same wallet will not include this additional fee.
Fee Utilization: The official platform will publicly disclose the guessing data and operational profits on a weekly basis. All profits from this guessing activity, except for the share allocated to partners, will be used for marketing, community development, and future 404 Token buyback and burning.
**After confirming the distribution ratios for different purposes, the OG team will collectively decide on a more detailed fund execution tactics.
Gameplay Iteration: We will regularly iterate on the gameplay and expand the functionality of this guessing activity. The current version is the initial V1.0. Optimization will be based on community feedback.