Pog is a state-of-the-art on-chain gamified raffle system powered by Linq Secure and API3's QRNG Oracle technology.

Pog is a state-of-the-art on-chain gamified raffle system powered by Linq Secure and API3's QRNG Oracle technology.

POG, or Pot of Greed, is an Ethereum token with a hard-capped supply of 100 million, featuring a 3/3 tax structure and a maximum transaction limit of 2%.

The taxes are allocated as follows: 1% for marketing and development (which will be set to 0% in the first week or two after launch), 1% towards a decentralized LP pool (which users can stake POG tokens to access), and 1% into the Pot of Greed prize pool.

The core mechanic of the token is the raffle game, where users can enter by burning a dynamic number of tokens for one raffle ticket. If selected as the winner of the round, they will receive a virtual share certificate (an NFT) that allows them to claim the wrapped Ethereum generated from the 1% volume tax.

An interesting mechanic in the raffle rounds is that the round will only end after 5–10 minutes have passed since the last ticket was assigned to a user who burned POG tokens. This is designed to encourage the Greed Mechanic.

The Greed Mechanic works as follows: The winner of the first NFT is incentivized to ensure no one else wins another NFT because they don’t want to share the tax rewards. The only way to prevent others from winning is by using their rewards to buy POG tokens and continually burning them by minting new tickets. This not only increases their chances of winning the next round but also keeps the current round open, preventing others from sharing the tax income. Once the round ends and a new winner is selected, both winners are incentivized to work together to prevent further sharing of the Pot of Greed.

This makes the POG token a deflationary asset, with a staking pool for the LP and an ongoing, lucrative raffle.

Winners of the NFTs can also sell them on OpenSea like any other NFT.