TAKSH

Taksh

Introduction to Taksh

Taksh is a no-loss prize game. It is on a mission to create a gamified, robust, and multi-chain ecosystem around a no-loss prize game.

Lotteries have been a popular quick money-making instrument in the traditional world of finance for centuries. But it comes with an inherently negative connotation and downside of losing the money.

Just like everything else in DeFI, what was broken and archaic in traditional finance is innovated to add more value for the user. No-loss prize games are evolved and positive version of the lottery, whereby participating in a no-loss prize lottery/ game participants get to save money and earn rewards, all in a fun and loss-less way. Participants do not lose money in a no-loss prize game!

Taksh - Yield Maxi No Loss Prize Game

Though no-loss prize games have fascinated the DeFi ecosystem, most of the current offerings do not fully leverage DeFi strategies. Taksh is on a mission to change that by creating a gamified, robust, and multi-chain ecosystem around a no-loss prize game.

How Taksh works?

Taksh no-loss lottery lets users deposit tokens in pools and offers an opportunity to win a pool prize. Each pool holds a weekly draw. Prize money is generated through interest accrued on deposited funds. Apart from the opportunity to win the weekly pool prize, all participants earn rewards.

What is a no-loss prize game?

No-loss prize is a DeFi spin on the traditional lottery. The worst part of playing the traditional lottery is that you lose your money if you don't win.

No-loss prize game is a win-win for participants:

• Participants do not lose deposited assets

• They don't need to purchase tickets for every participation

• No-loss prize game becomes a saving account

• With Taksh, participants earn rewards for participating

Why Taksh?

The whole appeal of no-loss prize games fascinates us. But current no-loss prize games in the ecosystem have severe limitations. Given the rise in usage of DeFi, we believe that the no-loss prize game concept has great potential and if done right, can become a go-to saving avenue for users. Taksh is on a mission to give all benefits of no-loss prize games can offer.

How Taksh is different?

Current no-loss prize games:

• Do Not Provide Participants A Fair Chance To Win

• Do Not Compound Rewards, Leaving A Huge Opportunity To Maximize The Yields

• Do Not Diversify Yield Sources

• Do Not Support Yield Protocols

• Do Not Provide Yield To Participants

What are weekly pools?

Pool is where you participate in a no-loss prize game. Taksh runs weekly prize pools where you can deposit tokens to become eligible to win. Winners are announced weekly. You can check pool duration with the timer on the pool.

How do we generate prize money and rewards?

Prize money and rewards are generated through interest accrued on deposited funds.

You need to know that Taksh yield-maxi no-loss prize game. We compound rewards, creating a better yield for you to win. To generate yield, we use diversified yield sources.

How do we choose the winner fairly?

By design the way Taksh is built, you have a fair chance to win irrespective of the amount you deposit.

Specifically for choosing winners, we rely on the ChainLink VRF (Verifiably Random Function).