Bitcoin Forum

The lottery industry has been plagued with a lack of transparency and disorganized governance for far too long, with centralized lotteries being the root cause of these issues. These barriers have prevented lottery players from effectively monitoring and managing the industry. Recognizing the shortcomings of the traditional lottery system, we are introducing the ERC-3525 protocol to revolutionize the industry. This innovative movement in the Web3 space will establish a decentralized lottery organization that is owned, governed, and celebrated by the people.


Anyone familiar with Mathematical Algorithm?  Check out this following fomular if it is applicable for Lottery System??
https://xwinnergame.gitbook.io/x-winner/technology/arithmetic-formular

Lottery on-chain it's not new anymore.

We already seen this, so it's really a not new topic. Most of lottery are using "RNG" system, If you looking on-chain lottery you can take a look from "PancakeSwap". This decentralized exchange provided a lottery for their community.

It's already been implemented on the chain.

I don't think that any of them are using semi-fungible tokens (ERC-3525 protocol). But personally i don't understand the benefits of it or how this would work yet (compared to RNG)
Maybe op can shade some light and explain how ERC-3525 can be used for gambling and how that's superior to normal smart contracts we already have.

Please refer to the link below about the ERC 3525 part.
https://xwinnergame.gitbook.io/x-winner/technology/erc-3525-sft
This mechanism used by X WINNER is designed to provide a fair and equitable distribution of shares to all players. By purchasing lottery tickets, players can not only participate in the game and potentially win prizes but also become shareholders in the game. The allocation of shares based on ticket price ensures that all players have an equal chance to become a shareholder, regardless of their financial resources. Moreover, the fixed percentage of Stable Tokens injected into the revenue pool ensures that the game has a stable and sustainable source of revenue to support its operations and future developments. By introducing multiple rounds of LOTS and gradually reducing the number of shares available over time, X WINNER incentivizes early adoption and rewards those who believe in the project's long-term vision.

However, our team also employed ChainLink VRF for RNG, and uses an algorithm for the fairness of the game results. Please refer to the link below:
https://xwinnergame.gitbook.io/x-winner/technology/arithmetic-formular

I have considered a decentralized lottery system before, which is possible and very easy to build, just requires marketing to sell that many tickets. However, I realized that since we have so many casinos and gimbling going around in the crypto world, making another decentralized one, which already exists, doesn't really interest the investors all that much. I am not saying that it would be a bad idea, try it if you want to and in the end it is your efforts and your money that will be gone if you are wrong, so I can't say don't do that.

However, if you really want to make money from anything in crypto, I would say do not start your own project, but instead help out the people who want to start their own project, that would be more profitable.