OpenLuck

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  The First Web3 Cross-Chain NFT Liquidity Marketplace.

OpenLuck Building The Most Creative and Liquid Cross-Chain NFT Marketplace.

Unlock the ultimate cross-chain liquidity of NFT

What is OpenLuck? OpenLuck is a decentralized Cross-Chain NFT marketplace built on the BNB Chain which is full of innovation and creativity.

We aim to be the global and inventive marketplace where users can trade NFTs residing in various blockchains fully decentralized and with the strongest security.

By using the world's first Lucks Trading model, it lowers the barriers to participate, which is more friendly for users. Users only need to pay for an extremely low cost on BNB Chain then can have the opportunity to win the valuable NFTs on Ethereum and BNB Chain.

This innovative model makes NFT trading very interesting and attracts more people to participate, which greatly improves the liquidity of NFT and activates the entire NFT trading market.

OpenLuck supports 721 and 1155 nft standards,whether it is collectibles, digital artwork, or assets of GameFi and Metaverse, you can conduct lucky transactions here.

1. Problems and Solutions NFT is a really innovative product in the crypto world. It can be the link to the virtual world, the crypto world, and even the real world. It is very interesting that both talented artists and ordinary people can create their own NFTs and gain recognition and support from the community.

However, we also find that there are some problems about liquidity of NFT:

Poor liquidity of NFTs and high risk for NFT holders. Inefficient trading model of Most Marketplace. The isolation of different blockchains limits the liquidity and value potential of NFTs. High gas fee and low TPS of Ethereum limits the NFT usages. The limitation of NFTs to a single blockchain network makes it hard for users and traders on different blockchain networks to interact and trade NFTs. The interoperability of NFT is a major concern to its community as it limits them to use only the platform they are deployed on and can't communicate with another blockchain.

OpenLuck is building a Decentralized cross-chain NFT marketplace bridging the gap between the NFT ecosystem.

1. Features and Innovations OpenLuck is committed to creating an innovative Cross-Chain NFT marketplace for the community. It focuses on creative trading models and liquidity solutions developments, as well as features and innovations such as decentralization, permissionless and cross-chain interoperability.

2.1 Lucks Trading Lucks Trading is an innovative trading model that combines CrowdFunding & Lottery Draw.

For example, a seller sells a NFT through crowdfunding at a price of 10BNB, divides it into 1,000 shares, and the unit price is 0.01BNB. All users can participate at the price of 0.01BNB, and if you buy 1 share, you will get 1 ticket. When the crowdfunding target is reached, OpenLuck will automatically and fairly draw a lucky number, the winner who holds the lucky number will get the NFT, and the seller will get the crowdfunding amount.

Here is some key information for Lucks Trading:

Accept tokens (BNB/BUSD/USDC/USDT), each task can select one kind of payment token. Support 721 and 1155 NFT standards. Lucky Bonus: In addition to NFTs, the winners also have the opportunity to receive 0~30% of the deal amount bonus (the ratio is set by the seller when creating the task). Lucky Group: Lucks Trading supports team mode, up to 10 people. If someone in the group is the winner, the group members can share the lucky dividend equally. It greatly increases social fun and the winning probability. Participants can get $LUCK rewards in different proportions. The platform will charge a 2% protocol fee. 2.2 Cross-Chain Sellers can use Ethereum's NFT to create Lucks Trading orders. Through public crowdfunding in the BNB Chain, ordinary users can use small amounts of money and have the opportunity to obtain high-value NFT. In this way, we can give full play to the respective advantages of different public chains, which can not only improve the liquidity of NFT, but also attract more users.

2.3 Decentralization OpenLuck is a non-custodial NFT marketplace controlled by smart contracts running on BNB Chain. The selection of lucky numbers uses ChainLink's VRF service, which is open, transparent, and truly random, ensuring the fairness and decentralization of the gameplay. Decentralization is the continuous pursuit of OpenLuck. For more technical details, please refer to the following technical chapters.

2.4 Permissionless Benefits from the decentralized architecture design of OpenLuck, you can access and participate in OpenLuck freely and without permission only if you have a BNB Chain wallet address.

OpenLuck is still the MVP version, and will continue to iterate and improve it in the future, and try more good ideas.

1. Tokenomics OpenLuck Token: $LUCK

Total Supply: 1,000,000,000

Token Function 50% of the net fees on OpenLuck will be distributed to $LUCK stakers. 20% of the net fees on OpenLuck go to a $LUCK buy/burn. Hold $LUCK to participate a limited governance of OpenLuckDAO Hold $LUCK to participate in the Exclusive and VIP features to be developed.

1. Rewards OpenLuck is a community-driven project, most of the rewards will be distributed to community participants and contributors.

4.1 Protocal Fee OpenLuck charges a 2% protocol fee, and 50% of the protocol fee will be rewarded to $LUCK stakers.

4.2 Trading Rewards Trading rewards are a core part of OpenLuck’s token economy as we seek to become the most liquid marketplace for NFTs in the BNB Chain.

4.3 Staking Rewards When you stake $LUCK, you also earn additional $LUCK. Staked $LUCK tokens are auto-compounded for users that wish to just leave their $LUCK tokens staked.

4.4 Lucky Rewards In order to motivate all creators and active participants, OpenLuck will randomly select some users who meet the requirement and give different amounts of $LUCK to them as rewards.

1. Technology OpenLuck is an automated and autonomous NFT marketplace built for the community. The following details are our core technical architecture selection.

Chains >> BNB Chain

BNB Chain is a smart contract-enabled high throughput blockchain that boasts low fees. And it is a community-driven, open-sourced and decentralized ecosystem. The support of its community of users, developers, validators and delegators is vital to its health.

*Cross-Chain Protocol >> LayerZero *

LayerZero is an Omnichain Interoperability Protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. The protocol is implemented as a set of gas-efficient, non-upgradable smart contracts.

API&Indexes >> TheGraph

The Graph is an indexing protocol for querying networks like BNB Chain and IPFS. Anyone can build and publish open APIs, called subgraphs, making data easily accessible.

Oracles >> Chainlink VRF & Keeper & Price Feeds

Chainlink VRF (Verifiable Random Function) is a provably fair and verifiable random number generator (RNG) that enables smart contracts to access random values without compromising security or usability. Chainlink Keepers automate smart contract functions in a decentralized, cost-efficient, and highly secure manner.

Storage >> IPFS/Pinata

IPFS is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. Pinata is a pin service for NFTs file store. Pinata is a IPFS pin service provider, it makes NFTs file storage easy for everyone.

ThirdPartServices >> Moralis

Moralis provides managed backend for blockchain projects. Automatically syncing the balances into the database, allowing us to set up on-chain alerts, watch smart contract events, build indexes, and so much more.

1. Roadmap Startup Phase MVP Version Launch on BNB Chain Testnet Build Communities Social Media Campaign Participating Hackathon Programs

Launch Phase Launch on BNB Chain (mainnet) Cross-Chain Features Development Rewards System Development Partnership & Fundraising

Growth Phase Mobile adaptation Development Cummunity Activity (Airdrop .etc) Marketing & Events

Expansion Phase DAO Voting and governance features More Features Development Marketing & Events

Built With

• chainlink
• ipfs
• layerzero