The Good Tech Companies - Lucky Train Unveils Web3 Project On The TON Blockchain That Uses a staking-like Participation Model

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Lucky Train unveils Web 3 project on the Tun blockchain that uses a staking-like participation model. By BTC Wire. Lucky Train has unveiled its Web 3 gaming platform on the ton blockchain where a process similar to staking is presented as an exciting train journey. In Lucky Train, participation follows the metaphor of a train journey. First, Aouser purchases a ticket with predefined terms. they board the train, locking their tokens for the duration of the ride. Finally, once the ride ends, the user receives a reward. The entire experience is delivered through a telegram mini app and

Starting point is 00:00:41 operates fully on chain, ensuring transparency and predictability. At the core of the system is Train Coin, the project's utility token. It powers all key operations, including ticket purchases, ride initiation, and reward distribution. Train Coin has a fixed supply of 10 billion tokens and follows a deflationary model in which a portion of tokens is permanently burned. As a result, the circulating supply decreases over time, gradually creating scarcity. An essential element of the ecosystem is the ticket, which defines the parameters of each ride, duration, reward amount, limits, and burn percentage. Each ticket is deployed as an individual smart contract linked to the user's address. Its terms are set at the moment of purchase and remain unchanged

Starting point is 00:01:26 throughout the entire ride. When a ticket is purchased, part of the tokens is burned, and the remaining amount is allocated to the reward fund and the project team. A ride begins when the user deposits train coin into their ticket. Tokens are locked for the entire ride duration and cannot be accessed until completion. At the start of the ride, an additional portion of tokens is burned as fuel fourth train, supporting the project's deflationary dynamics. Locked funds remain fully controlled by the user. The project team has no access to tokens stored within ticket contracts. Once the ride is completed, the tokens are unlocked and the reward is distributed. The reward pool is funded from an allocated portion of the initial train coin supply and is continuously replenished

Starting point is 00:02:10 through ticket sales. It is maintained on chain and governed by smart contracts, preventing any use outside the reward distribution mechanism. If necessary, the team may reinforce the fund to to maintain stable payouts and consistent system performance. This approach keeps the reward model transparent on allows users to clearly understand the source of returns, greater than, our goal was to build a mechanism as intuitive as taking a train ride while greater than keeping the entire process fully transparent through on-chain execution. Lucky train shows how simple metaphors can make Web3 accessible to a wider, greater than audience. Technical overview Lucky Train is built on the Tun blockchain and uses Train coin as its

Starting point is 00:02:50 utility token, featuring a fixed supply and a deflationary structure. All operations are executed via on-chain smart contracts, ensuring transparency and immutability. The project's architecture has successfully passed independent audits by Tone Byton's sur decay. The project is already available as a telegram mini-app. To get started, user scan open the app via t.m.e slash lucky train bot slash lucky train and select a ticket that best matches their preferred terms. additional information. Website HTTPS colon slash luckytrain.com telegram channel

Starting point is 00:03:25 Htttps colon slash t.m.m.m.m.m.com lucky train X.com this story was published as a press release by BTC Wire under Hackernoon business blogging program. Do your own research before making any financial decision. Thank you for listening to this Hackernoon story, read by Artificial and intelligence. Visit hackernoon.com to read, write, learn and publish.

The Good Tech Companies - Lucky Train Unveils Web3 Project On The TON Blockchain That Uses a staking-like Participation Model

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.