On-chain lottery protocol Megapot said it will shut down its official website and Telegram Mini App on Dec. 1, while keeping the protocol itself running. The team said it had already stopped selling lottery tickets on Oct. 29 and ended its liquidity support program, sign-up rewards, referral rewards, and guaranteed prize campaign. Users can still claim prizes they previously won and withdraw remaining balances from their accounts. According to Megapot, the change came after it found that most of the protocol’s trading volume was being driven by other apps that used lottery tickets as rewards for actions such as deposits, trades, and referrals. The team said it will now shift its business focus to Prizerail, a sweepstakes platform that provides user growth and rewards services for consumer-facing applications.
On-chain lottery protocol Megapot said it will shut down its official website and Telegram Mini App on Dec. 1, though the protocol itself will continue to operate.
Megapot said it stopped selling lottery tickets on Oct. 29. It also ended its liquidity support program, sign-up rewards, referral rewards, and guaranteed prize campaign. Users can still claim prizes they had already won and withdraw balances from their accounts.
Shift follows review of where activity was coming from
The team said the change came after it found that most of the protocol’s trading volume was coming from other applications that used lottery tickets as rewards for users who completed actions such as deposits, trades, and referrals.
Megapot said it has decided to move its business focus to Prizerail, which it described as a sweepstakes platform offering user growth and rewards services for consumer applications.
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