Base Lottery Megapot Hits $100M+ Jackpot Draws, Warns About Scam Tokens

Megapot is a decentralized lottery on Base where users can buy $1 tickets for a shot at a daily jackpot, which has reached as high as $1 million.

The platform has processed over $100 million in drawings since its V1 launch and raised $5 million in a pre-seed round led by Dragonfly. Megapot's team consists of former Uniswap, Lyft, and Microsoft engineers who used Pyth Network Entropy for provably fair randomness.

To earn Megapoints, users must participate in paid activities such as buying tickets, backing the liquidity pool, or referring others. However, there is no confirmed token or airdrop, and users are warned about scam tokens circulating elsewhere that claim to be $MEGAPOT.