Second Chance Lottery Mechanics

Participation:

• Entry Requirements: Users must possess loserUSDC tokens minted from a previous primary lottery.

• Token Burning: Upon entry, the loserUSDC tokens are burned, ensuring they cannot be reused.

• Lottery Entry: Users enter the Second Chance Lottery by burning their loserUSDC tokens.

Winner Selection and Settlement:

• Process: The Second Chance Lottery operates similarly to the Primary Lottery, utilizing the ChainLink VRF to select winners.

• Settlement: As with the Primary Lottery, the Second Chance Lottery is settled automatically by a bot or manually.

Rewards Distribution:

• Winners: Winners of the Second Chance Lottery are awarded NFTs or tokens from participating projects within the Berachain ecosystem.

• No Additional Minting: Winners are not minted any new tokens; the reward is purely in the form of NFTs or tokens.