Hello everyone,
I would like to hear your feedback on the following.
This will be like a raffle or lottery, but with a twist. It will be based on smart contracts. The contract works like a traditional lottery. You buy a ticket to participate, and if you're lucky, you win a share of the pot. The ticket price could be set, for example $10 worth of coins. The lottery runs in rounds, each lasting 10 minutes. At the end of each round, the pot is distributed among a random number of winners. The contract is designed to be fair and transparent. The random number generation is based on blockchain data, so it's impossible to predict or manipulate. There are also some safety measures in place. The contract owner can add funds to the pot, but they can't withdraw them. This is to prevent any potential scams or misuse of funds.
Let's say in 10 minutes, a 100 people buy tickets, $10, pot is $1000.
Then we select random winners, like 36 person.
Instead of distributing 1000/36, we will distribute randomly as well.
Any thoughts? Is there any similar projects out there?