TL;DR

• MEGAPOT is a decentralized jackpot protocol on Base that aims to return 100% of ticket sales to the community (no house take).
• Tickets cost 1 USDC, draws use Pyth for verifiable randomness, and LPs back the prize pool with selectable risk.
• Fees prioritize growth: referrers earn on ticket sales; protocol fees only kick in above a high activity threshold.
• Audits and security reviews include Cantina and CD Security, plus clean checks on popular scanners.
• Trading activity and on-chain metadata vary across sources; verify details on BaseScan and DEX dashboards.
• If you trade the token, Uniswap on Base and tools like GMGN.AI can help you track liquidity and activity.

What is MEGAPOT?

MEGAPOT is a community-first jackpot protocol built on the Base blockchain. It promotes better odds than conventional lotteries, with headline claims like “205x better odds than USA lotteries” and the potential to “Win $1 million for $1” from “over $100M+ in drawings.” The app lives at megapot.io and is designed to align with applicable gaming regulations.

At its core, MEGAPOT is permissionless infrastructure. Developers can plug the protocol into their own products, while players buy tickets and liquidity providers (LPs) supply capital to underwrite jackpots.

How the protocol works

• Tickets and currency: Players buy tickets in increments of 1 USDC. This keeps entry simple and predictable.
• Randomness: Draws leverage Pyth to generate verifiable, on-chain randomness. That makes results transparent and provably fair.
• LP model: LPs deposit USDC, choose a “riskPercentage,” and help guarantee the minimum jackpot. LP reserves are withdrawable only in full and only after at least one drawing has occurred, aligning liquidity with drawing cycles.
• Fees and incentives:
  • Referral fees are paid at the time of ticket purchase, rewarding community members and KOLs who bring users.
  • LP economics emphasize growth-first distribution. One reference model notes LPs earning a share of ticket sales (e.g., 30% in documentation examples), with the protocol fee set to a fraction of LP fees that only turns on once LP fees exceed 10,000 USDC per day.
  • The net effect: early activity flows to players, LPs, and referrers before protocol fee accrual becomes meaningful.

Developer integration

MEGAPOT is designed to be composable. Developers can integrate the jackpot into their dapps, earn a share of ticket sales from their user base, and tap into MEGAPOT’s loyalty layer (often discussed as “Megapoints”) for rewards and governance alignment. Start with the docs at docs.megapot.io.

Security, audits, and scanners

• Scanner checks: On DEX Screener, the token shows “No issues” across Go+ Security and Honeypot.is. Quick Intel also reported “No issues.”
• TokenSniffer: Token Sniffer rated the token 70/100, broadly favorable while leaving room for improvement.
• Formal audits:
  • “On-Chain Gaming Audit: Megapot Jackpot Review” by Cantina (with contributors including Anurag Jain, Blockdev, and Olas) ran Jan 29–Feb 1, 2025.
  • A prior audit (July 2024) by CD Security, a Polygon Labs partner trusted by the Solana Foundation, is also referenced.

As always, read the audit reports and verify addresses yourself. For smart contract references, MEGAPOT’s jackpot infrastructure has been documented with a primary contract on Base (e.g., 0xbEDd4F2beBE9E3E636161E644759f3cbe3d51B95), which is distinct from the ERC‑20 token address below.

Token details and on-chain metadata

• Token: MEGAPOT (ERC‑20 on Base)
• Address: 0x56055464c5f9819a9c5cba7ddda31ab650df7d37
• Example supply reference: Some sources cite a 100,000,000,000 total supply and a very low holder count at a given snapshot.
• Contract notes: Certain snapshots report the contract as locked with write functions disabled.

Important: Different data sources show divergent snapshots. One set of references cites active trading and liquidity, while another shows minimal holders and a zero price. This can happen due to indexer lag, token migrations, or mislabeling across explorers. Cross-check BaseScan with live DEX data before making decisions.

Market snapshot and activity

• Example price: ~$0.044363
• Liquidity (MEGAPOT/WETH on Uniswap v3 Base): ~$139,000
• FDV and market cap: ~$436,000
• 24h volume: ~$1,000,000
• Total transactions: ~7,207
• Trading venue: Primarily Uniswap on Base

These figures are time-sensitive and can change quickly. Use real-time dashboards when evaluating liquidity and slippage.

Performance and adoption highlights

• Draw volume: Claims reference “over $100M+ in drawings,” and documentation snapshots as of April 2025 mention $150M+ in drawings with 19 winners.
• Notable payout: A cited jackpot of $207,076.40 stands out among winners.
• Accessibility: Tickets can be purchased via crypto wallets and user-friendly payment flows; documentation mentions credit card and CEX on-ramps to reduce friction.

Where to trade MEGAPOT

• Uniswap v3 on Base: Search the MEGAPOT/WETH pair and confirm the token address before trading.
• GMGN.AI: Track and trade the token, monitor order flow, and analyze liquidity via GMGN’s Base page for MEGAPOT: https://gmgn.ai/base/token/fV1R5sZ5_0x56055464c5f9819a9c5cba7ddda31ab650df7d37

Tip: Always match the token contract address 0x5605...7d37 to avoid imposters.

Risks and considerations

• Token liquidity and adoption: Some snapshots show limited holders and low or zero price; others show active Uniswap liquidity and sizable volume. Discrepancies increase risk—verify with multiple sources.
• LP risk: If a large jackpot hits, LPs can take losses. The upside is yield from ticket fees; the downside is draw variance.
• Airdrops and phishing: References to possible airdrops exist, but details are unconfirmed. Treat unsolicited links as suspicious and verify via official channels like megapot.io and docs.megapot.io.
• Regulatory landscape: On-chain jackpots may face scrutiny in jurisdictions with strict gaming rules. Understand local regulations before participating.
• Competition: Crypto gambling and on-chain gaming are crowded verticals. MEGAPOT must sustain user growth, LP incentive alignment, and developer integrations to hold mindshare.

Similar names on other chains (avoid confusion)

There is an unrelated MEGAPOT token (MGPT) on BNB Chain with minimal activity. It’s not the Base MEGAPOT token discussed here. Always confirm you’re interacting with the Base token address 0x56055464c5f9819a9c5cba7ddda31ab650df7d37.

How to get involved

• Players: Buy 1 USDC tickets at megapot.io. Check odds, read the rules, and only play what you can afford to lose.
• Liquidity Providers: Review risk parameters and withdrawal rules in the docs, then deposit USDC if the risk/return profile fits your thesis.
• Developers: Integrate MEGAPOT jackpots into your app via the developer docs, earn a share of ticket sales, and tap loyalty rewards.

Final thoughts

MEGAPOT’s pitch is straightforward: leverage Base’s low fees plus verifiable randomness to build a fair, composable jackpot protocol with growth-focused incentives. The audits and scanner checks are encouraging, and the product design aligns developers, players, and LPs. That said, reconcile data inconsistencies across explorers and DEX dashboards, understand LP tail risks, and consider your regulatory environment before participating. As with any on-chain game economy or meme-adjacent token, do your own research and size positions responsibly.