We consider one of the biggest benefits of our platform that we as creators or anyone else do not promise to provide our own money for the jackpot. We are doing so because there were thousands of situations where lottery operators cheated in order to save their money. That why we've created such system where players fulfill the jackpot in order to make it the most transparent lottery platform out there.
What do you mean? You are suppose to be the one that operate your site right? So why bothering about not funding your own site with big jackpot? By lowering or may be not supporting your own site will not get you any players to play. In order to make sure people plays on your site you should at least make something, like putting big jackpot which can attract more people to come to your site and play
Reading up its just normal for a lottery to accumulate amounts to its players to fill up the pot and basing the win on to that pot it isnt actually needed funds for its owner but on the deduction its way too high just like been said above no one will just wait for a year if funds is escrowed then its considerable but we do see up the demand of lottery games which isnt that interest isnt present which most them do die of sooner or later.
Okay, you can saying this if there is a lot of players which do not need to be funded again but the point is they lack of many players. In order to get more players they should bring out their best to make sure people are attracted. The only way is to bring out the big jackpot so everyone can claim for it. What deduction are you saying about? Are you saying about the deduction fee?
Im talking about this:
The winning amount fully depends on the number of people playing. The 50% of all money goes to the “Jackpot” and 50% are separated between people who got ( 2–5 ) numbers.Is this thing would really be appealing for you? 50% of winning will be put up to the pot and drawn once a year?
Basically what it means is as follows. Say that they generated about 100 BTC worth of bets for this lottery (probably never going to happen)
The Jackpot winner would get 50 BTC, and the next top 4 winners would probably get something like 12.5BTC each.
Not very appealing.
Hence the reason why these types of lotteries or raffles even if they are provably fair never really hit it off because you might as well just go on any dice site and play 9900x and hope you win big. That way you get your result right away instead of waiting.
Many different raffle and lottery bitcoin sites have tried in the past to be successful and they were all dead in a few months due to lack of interest.
Not only dead on few months ive seen most of them died in a matter of 1-2 weeks after launching. Why? Interest isnt really there and We have seen that most of gamblers are impatient when it comes to result thats why Dice games is booming up because of lightning or blink of an eye giving results compared to these lotteries. How much more they do put out this ridiculous allocation or division of winnings among other players as well. For the division itself it already sucks and the thing makes it worst is that 50% goes to the pot.
In my opinion there are ways to make a raffle or lottery type of site work and what they require is what all these sites lack and that is incentive.
If people were given say a free iPhone for every 100th ticket that they purpose for a lottery or even something smaller like free cloud mining for 24 hours after buying 10 tickets for the raffle, then I could see it working.
The site would need to be well trusted and have a great marketing staff pretty much what all of these sites lack.
There are many local lotteries that offer something similiar. The main prize is like $1,000,000 which nobody ever wins but if they buy like 10 tickets, some of those profits are donated to charities and such.
Thank you for your advice, but we want to make fully automated and decentralized platform with DAO in control of it. We would take to consider your proposition and thank you for making our platform better.
What you need to do first is update your first post in this thread with more info.
Basically go to
https://bitcointalksearch.org/topic/ottolottoio-the-most-transparent-blockchain-lottery-and-gaming-platform-2417383And there is an Edit button for the first post.
First thing you need to do is change the Topic title. Put in your website address and name in there.
Also put more info like the website address in the main post, remove most of the texts thats in there.
Nobody will scroll thru 10 pages to find a link to your site, you need to make it more user friendly.
Maybe consider hiring some type of design or webmaster to make your first ANN better and website. From what I understand highly skilled developers are usually bad web desigeners and vice-versa so maybe hire someone.
This site has potential but work must first be put in it.