Just sharing some idea...
What you think guys of making a lottery, which holds yearly, on blockchain, for instance on Ethereum smart contract. Everyone could pays for a token (i.e. min 1$) and so join the lottery.
this lottery could be done on yearly bases and done by a random function already established on the blockchain or smart contract. The lottery prize could be equal to the whole blockchain value or main part of it!
We have such national lotteries in every country but this time it could be held globally, borderless, and in a much transparent way on blockchain!
No doubt that such a thing should be well promoted and widely adopted by the crowd so that its prize reach to a lucrative amount to be seductive for people taking part in!
Let me know of your opinions.
Thanks
I actually am pretty interested in the possibility of running something like a lottery or another p2p gambling sorta game (coinflip), I've always thought that would always be a market for gambling games that wasn't the player betting against the house.
Keep in mind, to run a lottery and gambling project - there are a lot of paperwork and legal requirements that one has to pass, and there is a lot of development and marketing to commit to before you can even think about turning a profit from your idea.
Let me know of your opinions.
Thanks
Yearly lottery? You will surely fail on such idea.If you do try to look at on the Gambling section board and find those the same lottery games
either using up a smart contract or not,they do all fail except for Freebit.co.
Yearly draw is way too long and most people or bettors cant really afford to wait up for that much.I do even see lottery duration for about
15 seconds or 1minute results but they didnt still get any impact.
This would be an issue as well, no one is going to wait so long for a lottery. If you base it like Powerball or regular lotteries, you'd need to draw lotteries like every week or 2, not yearly.
