Captain Ziggy must have been listening to a lot of Beatles this week. Because the captain keeps asking everyone at Mission Control if they’ve got a ticket to ride.
If you’re a clever cadet who has already joined one of our Moonpots then you’ll have a ticket to ride too — a MoonTicket. What’s that, you ask? Good question, Cadet.
And so in this edition of Moon Academy we tackle everything you need to know about MoonTickets — tokens you may or may not have noticed in your wallet after joining a Moonpot.
Cadets often seem surprised by the appearance of these MoonTickets. If you’re unsure what they do, or what they’re for, then all your questions are about to be answered.
When the going gets tough, Cadets turn to Moon Academy. Class is now in session.
1 / What are MoonTickets? I deposited assets in a Moonpot and now I seem to have MoonTickets — what should I do with these MoonTickets?
Anyone who deposits assets into one of our Moonpots will be sent MoonTickets as a receipt.
It’s a way of tracking who has deposited what amount, calculating what your chances are of winning the prize draw, and ensuring you earn the right amount of rewards and interest.
Look after your MoonTickets.
You don’t need to do anything with them. But be very careful with them.
You need these MoonTickets to be eligible for the prize draw, and you need them to get your tokens back from the Moonpot when you want to withdraw your stake plus earnings.
The entire process is automated from start to finish. At no point should you need to interact with your MoonTickets. So please don’t trade or transfer them to another wallet.
Also be aware that moonTickets will not match 1:1 with the amount you deposit. Rather, you should get 1 MoonTicket for every 2 tokens of an asset you deposit.
For example, put 300 BANANA in our Banana Moonpot, and you will receive 150 moonTicketBanana as your receipt. Deposit just 1 BANANA and you would get 0.5 moonTicketBanana. There is no minimum.
Note that each Moonpot has its own MoonTicket.
If you deposit BANANA into our Banana Moonpot you will receive moonTicketBanana
If you deposit BIFI into our BIFI Moonpot you will receive moonTicketBIFI
If you deposit CAKE into our CAKE Pot you will receive moonTicketCakeV3
If you deposit POTS into Ziggy’s Pot you will receive moonTicketPotV2
Remember, these tokens are basically your receipt for depositing. You need them to get your deposit and yield back. Lose them and you lose ownership of your staked assets.
Our advice? Don’t touch them!
2 / I don’t see MoonTickets in my wallet. Does that mean my receipt has been lost?!
Don’t panic. It can be fairly common for wallets not to show MoonTickets because they aren’t viewed as tradable assets or tokens.
If you check the blockchain you will see that your MoonTickets are there.
Simply go to https://bscscan.com/ — the leading blockchain explorer for the Binance Smart Chain — and put your wallet address into the search bar.
Once you have pasted your wallet address into the search bar you can hit the magnifying glass icon, and this will bring up all the data associated with your wallet.
Click the drop-down menu next to where it says ‘Token’, and you will see a list of all the tokens that belong to your address.
Scroll down and you will find your MoonTickets safely listed there.
Remember: it’s best you just leave them alone. They are your receipt and require no input from you.
The process of awarding and redeeming MoonTickets for your assets is automated by Moonpot from start to finish every time you make a deposit or withdrawal on our platform.
3 / I am an advanced Cadet and want to know what the contract address is for each MoonTicket so I can manually add them to my wallet…
There really is no need to have your MoonTickets show in your wallet.
As previously mentioned, these tokens are essentially receipts that track eligibility for prize draws, and are also used by the automated Moonpot system when you deposit/withdraw assets.
Lose them and you lose access to your assets. If you don’t have them show in your wallet then you are less likely to mess around with them by accident.
However, if you really want to see them in your wallet, and know how to use a contract address to manually add them, then each pot’s MoonTicket contract is as below:
Decimals for all MoonTickets: 18
4 / Why have I got tokens called ‘moonTicketCakeV2’ and ‘moonTicketPot’ when they’re not on your list of MoonTickets?
Our current list of MoonTickets is as follows:
If you check your wallet address with the https://bscscan.com/ blockchain explorer and see either moonTicketCakeV2 or moonTicketPot then it means you deposited CAKE or POTS with Moonpot prior to our system update, and still need to migrate your assets to the new pots.
For clarity, and in case you missed it, on September 6 we announced a safety and fairness upgrade.
Internal reviews found that the smart contracts for the Cake Moonpot and for Ziggy’s Pot both needed upgrading to patch potential exploits.
This means there is a new pot for CAKE and a new pot for POTS. All you need to do is move your assets over from the old pot to the new pot.
Need help moving pots? Then please see our guide here.
And you can read the bulletin here for a full explanation of why this system upgrade was necessary, and what provisions we put in place to mitigate the inconvenience for users.
Remember: if you hold moonTicketCakeV2 or moonTicketPot then your assets are no longer earning due to being staked in now-retired pots. Please withdraw or migrate as soon as possible.
5 / I moved to the new pots, and now have ‘moonTicketCakeV3’ and ‘moonTicketPotV2’, but the earnings I made from the retired pots have disappeared. Where have they gone?
Keep calm, Cadet. When you migrate your assets to the new pots the system moves across what you have deposited. So your stake is moved from the retired pot to the new pot.
However, any bonus earnings yet to be compounded are returned to your wallet during migration.
If you think you’ve lost your earnings all you need to do is check your wallet. Because that’s where they are — and so that’s where you’ll find them.
6 / How many MoonTickets will I get? Do I need a whole ticket to win?
MoonTicket tokens are basically your receipt for depositing. You need them to get your deposit and yield back. And you need them to be part of each pot’s prize draw. Don’t lose them!
But be aware that moonTickets will not match 1:1 with the amount you deposit.
Rather, you will get 1 MoonTicket for every 2 tokens of an asset you deposit. So, for example, you will get 1 moonTicketCakeV3 for every 2 CAKE you put in the Cake Moonpot.
However, please remember that these MoonTickets aren’t like physical lottery tickets. There is no minimum deposit required, you can have a fraction of a ticket, and anyone who deposits into the Moonpot is in with a chance of winning — regardless of how many ‘full’ tickets they hold.
MoonTickets simply represent your odds of winning based on how many other “tickets” there are. Because your odds of winning are based on what percentage of the pot your stake makes up.
Don’t get too fixated on the number of tickets in your wallet. If your stake makes up 1% of the pot then you have a 1% chance of winning. The ‘tickets’ you have just track the size of your deposit.
7 / All your pots show “odds per $1,000 deposit”. Does this mean I need to deposit $1,000 worth of tokens to be in with a chance of winning?
Not at all. There is no minimum deposit.
All this line shows is what your odds will be should you deposit $1,000 of that particular asset.
So, for example, at the time of writing the Banana Pot shows “1 in 220 odds per $1,000 deposit”. While the Cake Pot shows “1 in 7,002 odds per $1,000 deposit”.
But this doesn’t mean you have to deposit $1,000 to take part. It is just a guide to give you an idea of the current odds for each pot. The display shows the odds per $1,000 — but you can win with anything. Our first Cake Pot was won by a Cadet who staked just 10 CAKE ($200).
And remember that the winning Cadet also got his stake back plus interest. As does everyone regardless of if they win the prize or not. It’s what we like to call a win-win. You just can’t lose.
For more answers to common questions about Moonpot please check our docs at: https://docs.moonpot.com/