A massive daily jackpot lottery

[pezdspense]

Hi everyone,

I know you have a lot of projects popping out here every day.
I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

[1715333095]

1715333095

[1715333095]

1715333095

[blockman]

I sort of heard that idea before but it won't be as popular as the other crypto lottery that we have today. Why you need an advice? are you going to make your own lottery or you're just researching about them.
I think a blockchain-based lottery dwells more with the dApps. So you should check them out and search for them.

[bitbunnny]

I sort of heard that idea before but it won't be as popular as the other crypto lottery that we have today. Why you need an advice? are you going to make your own lottery or you're just researching about them.
I think a blockchain-based lottery dwells more with the dApps. So you should check them out and search for them.

In both cases if he asks for some advice he should give more information. This is very general and, yes, many new ideas pop up all the time so for some suggestions or advice we should first get clearer picture to see if idea is good or not and will it find the place on the gambling market.

[Sadlife]

Dont know much about lottery i rarely see casino's that has those type of games but i do bet in sports bettings that could instantly earn money depends on the odds.
From what i see DApps are not yet widely used by gamblers i guess the most popular and in demand right now are sports bookies and casino games that are crypto based. You should look into it to, if you're conducting a survey.

[blockman]

I sort of heard that idea before but it won't be as popular as the other crypto lottery that we have today. Why you need an advice? are you going to make your own lottery or you're just researching about them.
I think a blockchain-based lottery dwells more with the dApps. So you should check them out and search for them.

In both cases if he asks for some advice he should give more information. This is very general and, yes, many new ideas pop up all the time so for some suggestions or advice we should first get clearer picture to see if idea is good or not and will it find the place on the gambling market.

We can't know those things until he comes back and give more information of the what's and why's.

Dont know much about lottery i rarely see casino's that has those type of games but i do bet in sports bettings that could instantly earn money depends on the odds.
From what i see DApps are not yet widely used by gamblers i guess the most popular and in demand right now are sports bookies and casino games that are crypto based. You should look into it to, if you're conducting a survey.

Well, look to my signature it's a lottery.
There were the same ideas of game before when the market has been uprising. But after the bearish market has shown, they almost got no attention anymore.

[Maus0728]

Blockchain based lottery? Isn't it similar to the other existing projects cryptocurrency online gambling site similar to freebitco.in and the newest signature campaign above my reply which is Crypto Lotto?

Blockchain simply means that they are operating their gambling services using cryptocurrency is it not?

[Casdinyard]

Blockchain based lottery? Isn't it similar to the other existing projects cryptocurrency online gambling site similar to freebitco.in and the newest signature campaign above my reply which is Crypto Lotto?

Blockchain simply means that they are operating their gambling services using cryptocurrency is it not?

I still haven't heard of blockchain lottery as well.

All I know is that lottery is a game where there would be certain bets (set of numbers) and there would be a certain time where the numbers would be generated either physically (using balls with numbers) or generated on an online gambling's platform, and the winner is when there's a bet that has the same chronological order and numbers on the drawn numbers. I don't see any importance nor correlation of implementing blockchain system on such games.

And isn't the use of crypto is the only blockchain relation to the online lottery?

[ryzaadit]

I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

What advice did you need for the research?

I guess you will do some survey to collect some data from "lottery project", did your survey focus on the player experience by buying a lottery or have other topics you want to research? Need a more specific question for your research.

[Yatsan]

vipgame.io offer that kind of game and actually it's pretty good to play with! I played it once and the option is pretty good and you can still adjust the percentage of your winning.

Here's what it looks like:



The game is pretty good and it's based on EOS blockhain I think, so the result is fair.

*If I say something wrong here please correct me 

[BitcoinTurk]

When we look at the preferences of users who usually gamble with crypto coins, we will see that lotto is not preferred much. Of course, low demand does not mean that there will be no service in this sector, but it should be known that in order to serve in this sector, there is a very strong capital requirement and a very good marketing effort is required. In addition, if the project is successful, it is possible to be the market leader in this field and become a monopolist in its field. The best advice I can give you is to do a lot of detailed research on this topic and never take action without fully mastering the topic.

[Raflesia]

I sort of heard that idea before but it won't be as popular as the other crypto lottery that we have today. Why you need an advice? are you going to make your own lottery or you're just researching about them.
I think a blockchain-based lottery dwells more with the dApps. So you should check them out and search for them.

In both cases if he asks for some advice he should give more information. This is very general and, yes, many new ideas pop up all the time so for some suggestions or advice we should first get clearer picture to see if idea is good or not and will it find the place on the gambling market.

The ideas always come up when a lot of the suggestions that have been conveyed here I do not know why the OP is doing research like whether it really wants to make a site so it needs a good advisor to find a bright idea, and blockchain-based Lottery when really much I know there might be people who will tell in detail.

[Shimmiry]

~

Based on my comprehension, I found the thread pointing unspecific on what he really wanted to achieve. I don't really see if the OP is pertaining to lottery systems that either uses cryptocurrency as their fiat (in which uses blockchain technology as well) or is he talking about making a lottery system that uses blockchain as it's back-end technology. If he talks about crypto's blockchain, then maybe your vipgame.io is his best option. And if he wanted the back-end blockchain, I think Cryptolotto fits the category.

Nevertheless, getting ideas from others without specifying your whole plans or goals to achieve, you might find comments that are either unnecessary or off-topic with what you really intended.

[pezdspense]

~

Based on my comprehension, I found the thread pointing unspecific on what he really wanted to achieve. I don't really see if the OP is pertaining to lottery systems that either uses cryptocurrency as their fiat (in which uses blockchain technology as well) or is he talking about making a lottery system that uses blockchain as it's back-end technology. If he talks about crypto's blockchain, then maybe your vipgame.io is his best option. And if he wanted the back-end blockchain, I think Cryptolotto fits the category.

Nevertheless, getting ideas from others without specifying your whole plans or goals to achieve, you might find comments that are either unnecessary or off-topic with what you really intended.

Thank you for your reply. And also all others who replied, I really appreciate you reacted.

So to start with, the idea of the project is pretty simple.
Each day a pool of all the bets made within 24 hours is drawn, so the winner gets a fixed % of the whole pool.
The rest is split between smaller prize winners, the lottery organizers and eventually blockchain fees.
The bets are made in USDT directly. There is no need to buy any tokens, or any lottery tickets.
One bet is 10 USDT. Players can place as many bets as they like to increase their chances.
The logic behind the lottery is fully coded into a smart contract - bets, random winners selection, payouts, so it is really a blockchain lottery.

[dothebeats]

I've been hearing a similar idea too, though IMO it would be pretty hard to get people in since most of them would be playing dice anyway and try their luck in there since they can control some of the factors affecting their win/loss compared to just putting something in a pot and hope for the best. While that is happening still on a daily basis on traditional lottery games, I don't think it will fare well given the multitude of options gamblers can choose from here on the crypto space. Either way, it'd still be a cool experiment to check how many people are really willing to try their extreme luck for the jackpot.

[Shimmiry]

Thank you for your reply. And also all others who replied, I really appreciate you reacted.

So to start with, the idea of the project is pretty simple.
Each day a pool of all the bets made within 24 hours is drawn, so the winner gets a fixed % of the whole pool.
The rest is split between smaller prize winners, the lottery organizers and eventually blockchain fees.
The bets are made in USDT directly. There is no need to buy any tokens, or any lottery tickets.
One bet is 10 USDT. Players can place as many bets as they like to increase their chances.
The logic behind the lottery is fully coded into a smart contract - bets, random winners selection, payouts, so it is really a blockchain lottery.

I think you should know the fact that such ideas are likely to have pretty numerous cons, yet the most disadvantage of that system is its fairness issue. If you could make a logic that wouldn't be favorable or bias on certain bets or just have the winning numbers be totally random, it would now make another con which is your user's trust. And what would they found much suspicious is the ticket/bet price which is too high compared to common lotteries. If you really want audiences, making blockchain lottery is fine, but you would struggle with gaining client's trusts and finding fairness bugs in your system..

[pezdspense]

I've been hearing a similar idea too, though IMO it would be pretty hard to get people in since most of them would be playing dice anyway and try their luck in there since they can control some of the factors affecting their win/loss compared to just putting something in a pot and hope for the best. While that is happening still on a daily basis on traditional lottery games, I don't think it will fare well given the multitude of options gamblers can choose from here on the crypto space. Either way, it'd still be a cool experiment to check how many people are really willing to try their extreme luck for the jackpot.

I can't find exact stats now, but I remember 60M people playing lotteries in the US alone.
Asian market is much larger.
BTW cryptolotto.live sounds like really close match, but I couldn't launch it to try (even though I have MetaMask installed).

[pezdspense]

Thank you for your reply. And also all others who replied, I really appreciate you reacted.

So to start with, the idea of the project is pretty simple.
Each day a pool of all the bets made within 24 hours is drawn, so the winner gets a fixed % of the whole pool.
The rest is split between smaller prize winners, the lottery organizers and eventually blockchain fees.
The bets are made in USDT directly. There is no need to buy any tokens, or any lottery tickets.
One bet is 10 USDT. Players can place as many bets as they like to increase their chances.
The logic behind the lottery is fully coded into a smart contract - bets, random winners selection, payouts, so it is really a blockchain lottery.

I think you should know the fact that such ideas are likely to have pretty numerous cons, yet the most disadvantage of that system is its fairness issue. If you could make a logic that wouldn't be favorable or bias on certain bets or just have the winning numbers be totally random, it would now make another con which is your user's trust. And what would they found much suspicious is the ticket/bet price which is too high compared to common lotteries. If you really want audiences, making blockchain lottery is fine, but you would struggle with gaining client's trusts and finding fairness bugs in your system..

Thats completely different point. The idea was exactly to make:
1. Provable and verifiable unbiased algorithm the does pure random winner selection.
2. Provable and verifiable payout mechanism.

So having that implemented, I wonder what would be the customer acquisition costs? Does it require licensing if whole logic is placed within a smart contract.

[supine]

Hi everyone,

I know you have a lot of projects popping out here every day.
I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

The only trusted Bitcoin or crypto lottery that I know is Freebitco.in but it isn't daily but a weekly lottery.
The site is one of the oldest faucet and gambling site in crypto it is a good site that already build a trust from their users.
They aren't just lottery but also a faucet site that gives us free Sats and also a free ticket on their weekly lottery they also have gambling game on their site,
So if you or the person who asked you to do research haven't tried it yet then you should really check it out.

P.S
Sorry it was a different lottery from what I have been thinking I haven't find any site that provide something like that yet.

[imstillthebest]

 dont know what exactly your looking for  . are you a dev that trying to create your own gambling lottery site and only wants to get an idea from others or your just a gambler that wants to know  if what crypto lottery sites  are the best   . so far the one that is popular lottery here on the crypto gambling world is freebit co's lottery  but recently there was a new site that i see in this forum , that is crypto lotto store i think its name if not mistaken  . crypto lotto sites are not that big versus other casino games  , you can have a chance here if your planning to build one  .

[stomachgrowls]

Hi everyone,

I know you have a lot of projects popping out here every day.
I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

Ethex.bet
Their ANN thread - https://bitcointalk.org/index.php?topic=5120151.0

You can search up also here: https://dappradar.com/

If you are tending to play with Bitcoin stuff then Freebitco.in will also be on the list(this is not blockchain-based) but it do fits out
when it comes to massive prize.

[AmoreJaz]

dont know what exactly your looking for  . are you a dev that trying to create your own gambling lottery site and only wants to get an idea from others or your just a gambler that wants to know  if what crypto lottery sites  are the best   . so far the one that is popular lottery here on the crypto gambling world is freebit co's lottery  but recently there was a new site that i see in this forum , that is crypto lotto store i think its name if not mistaken  . crypto lotto sites are not that big versus other casino games  , you can have a chance here if your planning to build one  .

most lottery projects here dont prosper because they cant sustain its presence. very hard to get loyal players for this game. players may try once or twice, but they will stop.  and im guessing the op is just checking the sentiments of the users here regarding crypto lotto sites because they have plans to put up one.

[Wexnident]

Thats completely different point. The idea was exactly to make:
1. Provable and verifiable unbiased algorithm the does pure random winner selection.
2. Provable and verifiable payout mechanism.

So having that implemented, I wonder what would be the customer acquisition costs? Does it require licensing if whole logic is placed within a smart contract.

It probably won't last long. If, just if, you manage to successfully implement your idea, most would probably participate because of its innovativeness, but other than that, I doubt they'd actually last for you to actually make a profit. Other than that, others have already managed to try it, so the question is, how would you actually attract customers? It's not a matter of your system actually working and being fair since that's a given before you even start, but rather about how you would actually make your customers stay.

You should probably concentrate on actually making your lottery unique compared to others. Only then would it have any attractive value for players to actually play on. That is, on the grounds of your lottery being transparent on how it's winners are chosen as well as its fairness.

[leea-1334]

most lottery projects here dont prosper because they cant sustain its presence. very hard to get loyal players for this game. players may try once or twice, but they will stop.  and im guessing the op is just checking the sentiments of the users here regarding crypto lotto sites because they have plans to put up one.

Same could be said for almost any crypto project. They forget that they depend on users so it needs to attract crypto people, not just with a massive prize but also with good promotions and great customer support. Something sadly lacking in many lottery projects.

[samcrypto]

most lottery projects here dont prosper because they cant sustain its presence. very hard to get loyal players for this game. players may try once or twice, but they will stop.  and im guessing the op is just checking the sentiments of the users here regarding crypto lotto sites because they have plans to put up one.

Same could be said for almost any crypto project. They forget that they depend on users so it needs to attract crypto people, not just with a massive prize but also with good promotions and great customer support. Something sadly lacking in many lottery projects.

Those gambling sites are just lack on promotions and having a not so good gambling site since gamblers will not leave if they really enjoyed the game and since the Lotto game is not that an active game, maybe this is also the reason why gamblers are not staying.

Base on my basic research, most of the lottery doesn't succeed in long term and I don't see that much lottery game as of posting, you can see it on unfamiliar gambling site and maybe you can check it out at your own risk.

[STT]

There are definitely crypto based gambling tokens and blockchains centered around that.   BTC owes alot of its success and history to gambling usage and traffic that helped raised its monetary velocity and still does I think.    Depends how strictly you mean lottery or just general gambling usage, Im not sure why'd it matter between the two.    To some extent involvement in crypto is a gamble anyhow, it can go down or up so not sure I want to raise too much risk on top of that.    To build a customer base takes time and trust and its not easy to do,  Freebitco has  been around years but I'd theres more then one site that'll be relevant.

[MCobian]

Because I have never won a lottery, so I am less interested in lottery projects. I think anyone who has luck can win the lottery,
it seems that luck has not on my side so i has never won the lottery. What I still remember a blockchain based lottery projects is
freebitco.in, it's a lottery place with quite a lot of users. So you can get what you need by trying to play lottery on freebitco.in.
There you can learn all of it.

[pezdspense]

The suggestion for you will be maybe you can lower the bet because if you use $10 for one bet, that will be too big for people.

Good point, thank you.
But let me do the math.
Lets say out of each bet $10 we distribute:
1. Jackpot winner - at least 50% or more.
2. Secondary winners - 20% or more.
3. Network, (mining fees, gas price) - 10%.
4. What is left goes to organizers.

So not much left.

[pezdspense]

There are definitely crypto based gambling tokens and blockchains centered around that. BTC owes alot of its success and history to gambling usage and traffic that helped raised its monetary velocity and still does I think.    Depends how strictly you mean lottery or just general gambling usage, Im not sure why'd it matter between the two.    To some extent involvement in crypto is a gamble anyhow, it can go down or up so not sure I want to raise too much risk on top of that.    To build a customer base takes time and trust and its not easy to do,  Freebitco has  been around years but I'd theres more then one site that'll be relevant.

I spoken to several hardcore players already. So every time they say "there is a lot of other blockchain lotteries".
There is a lot of project that claim blockchain lottery or blockchain gambling, but they are not, in fact, because they merely accept bets in crypto and this where their "blockchain" ends.
And I've seen good portion of such projects. Very few really do something on blockchain, meaning with smart contract or something similar. It is almost impossible to do Bitcoin-based lottery simply because Bitcoin scripting is very limited and you can't just do anything about it.
Ethereum, on the other hand, is very promising. One can actually program in smart contract accepting bets (ie token transfers), do the round/draw calculations including strong random, and do the payout of prizes.
It would be a pure distributed lottery on a blockchain.

[Lanatsa]

There are definitely crypto based gambling tokens and blockchains centered around that. BTC owes alot of its success and history to gambling usage and traffic that helped raised its monetary velocity and still does I think.    Depends how strictly you mean lottery or just general gambling usage, Im not sure why'd it matter between the two.    To some extent involvement in crypto is a gamble anyhow, it can go down or up so not sure I want to raise too much risk on top of that.    To build a customer base takes time and trust and its not easy to do,  Freebitco has  been around years but I'd theres more then one site that'll be relevant.

I spoken to several hardcore players already. So every time they say "there is a lot of other blockchain lotteries".
There is a lot of project that claim blockchain lottery or blockchain gambling, but they are not, in fact, because they merely accept bets in crypto and this where their "blockchain" ends.
And I've seen good portion of such projects. Very few really do something on blockchain, meaning with smart contract or something similar. It is almost impossible to do Bitcoin-based lottery simply because Bitcoin scripting is very limited and you can't just do anything about it.
Ethereum, on the other hand, is very promising. One can actually program in smart contract accepting bets (ie token transfers), do the round/draw calculations including strong random, and do the payout of prizes.
It would be a pure distributed lottery on a blockchain.

Seen this common blockchain based lottery which had been done on ETH platform and yes smart contracts are indeed great into this field but still it do lacks out interest for people and
rather stick out to those Bitcoin-lottery instead.Dont know on why but people arent really that fan on other platforms.

Counting of the volume on how many people are interested generally with Lotteries then it isnt really that much thats why only a few or close to none doesnt really
plan on launching out their own lottery site due to lack of interest.

[pezdspense]

There are definitely crypto based gambling tokens and blockchains centered around that. BTC owes alot of its success and history to gambling usage and traffic that helped raised its monetary velocity and still does I think.    Depends how strictly you mean lottery or just general gambling usage, Im not sure why'd it matter between the two.    To some extent involvement in crypto is a gamble anyhow, it can go down or up so not sure I want to raise too much risk on top of that.    To build a customer base takes time and trust and its not easy to do,  Freebitco has  been around years but I'd theres more then one site that'll be relevant.

I spoken to several hardcore players already. So every time they say "there is a lot of other blockchain lotteries".
There is a lot of project that claim blockchain lottery or blockchain gambling, but they are not, in fact, because they merely accept bets in crypto and this where their "blockchain" ends.
And I've seen good portion of such projects. Very few really do something on blockchain, meaning with smart contract or something similar. It is almost impossible to do Bitcoin-based lottery simply because Bitcoin scripting is very limited and you can't just do anything about it.
Ethereum, on the other hand, is very promising. One can actually program in smart contract accepting bets (ie token transfers), do the round/draw calculations including strong random, and do the payout of prizes.
It would be a pure distributed lottery on a blockchain.

Seen this common blockchain based lottery which had been done on ETH platform and yes smart contracts are indeed great into this field but still it do lacks out interest for people and
rather stick out to those Bitcoin-lottery instead.Dont know on why but people arent really that fan on other platforms.

Counting of the volume on how many people are interested generally with Lotteries then it isnt really that much thats why only a few or close to none doesnt really
plan on launching out their own lottery site due to lack of interest.

I understand that, but IMHO it worth a try.
In fact, I think it can be a major driver for global acceptance of cryptocurrency.
So whole community would benefit from it.

[adamistraybar]

lots of sites have tired to do this but they never catch on for most part because not a lot of money to be made and its hard to build trust.  Theres a few sites offerin lotterys

frebitcoin
crptogames


but nothing else really

[peter0425]

Hi everyone,

I know you have a lot of projects popping out here every day.
I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

Sorry but what is the connection about the Lottery in topic and massive daily jackpot?lol jackpot cannot be even win in a year sometimes so there is no such thing like that mate sorry to say that.

and why only lottery?don't you wanna try poker and dice game?

[ethereumhunter]

The suggestion for you will be maybe you can lower the bet because if you use $10 for one bet, that will be too big for people.

Good point, thank you.
But let me do the math.
Lets say out of each bet $10 we distribute:
1. Jackpot winner - at least 50% or more.
2. Secondary winners - 20% or more.
3. Network, (mining fees, gas price) - 10%.
4. What is left goes to organizers.

So not much left.

If one bet is equal $10, I think that will only give a chance to people who have a lot of money because as a small gambler, I don't have any choice to place that bet. Did you already try freebitco.in and buy the ticket for playing the lottery? In that site, you only need to use 1 satoshi to buy 1 ticket so that you can buy a lot of ticket with $10

But nevermind, you can still use $10, I only suggest to you 

Btw, I am not good in math.

If we calculate, if 100 players buy the ticket for $10, there will be $1,000. Let say the first winner gets $500, and the second winner gets $250, the network fee is about $50. So the organizers will have $200. That is not small money for 1 round

Hi everyone,

I know you have a lot of projects popping out here every day.
I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

Sorry but what is the connection about the Lottery in topic and massive daily jackpot?lol jackpot cannot be even win in a year sometimes so there is no such thing like that mate sorry to say that.

and why only lottery?don't you wanna try poker and dice game?

Maybe he sees a few gambling websites which have the lottery gambling games in their site, so he decides to create the lottery games, but with a different idea.

[swogerino]

This has been discussed several times now and although there are some websites which implement it this has showed no real success.Companies or casinos offering this has not the same level of budget of casinos that have paid multimillion dollars jackpots already.

Also since this is for research purposes I think it will have no success because gamblers like more other kind of games rather than lotteries.

[danherbias07]

Blockchain based lottery? Isn't it similar to the other existing projects cryptocurrency online gambling site similar to freebitco.in and the newest signature campaign above my reply which is Crypto Lotto?

Blockchain simply means that they are operating their gambling services using cryptocurrency is it not?

That is the only one which pops out of my mind when I hear about crypto lottery.
Freebitco.in.
I have tried it before while doing faucets.

It is actually difficult to make the project work.
That means a lot of gamblers on the gambling site to accumulate a larger pot for the prize money.
Which is also why we don't see many online lottery games.

[Assface16678]

What kind of advice do you want to get? Because it is like the same if you want to play gambling on the casino but the difference which is supported with the blockchain is the.

• Fast transfer
• Transparency
• Secured
• Flexible

This is bass on my experience in terms of using the blockchain and also they have a lot of more games which you can enjoy free and earn more profit as much as you want.

[abel1337]

Blockchain based lottery? Isn't it similar to the other existing projects cryptocurrency online gambling site similar to freebitco.in and the newest signature campaign above my reply which is Crypto Lotto?

Blockchain simply means that they are operating their gambling services using cryptocurrency is it not?

That is the only one which pops out of my mind when I hear about crypto lottery.
Freebitco.in.
I have tried it before while doing faucets.

It is actually difficult to make the project work.
That means a lot of gamblers on the gambling site to accumulate a larger pot for the prize money.
Which is also why we don't see many online lottery games.

This is expected since freebitco in is an existing crypto lottery site since it is one of the oldest crypto lottery out there.

Also, why not try other or new crypto lotto sites like in my signature, New sites do have promotions to attract customer.

I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

Experiencing the existing lottery site would be easier for you to answer your question or gather information about your research.

[pezdspense]

I am not much into gambling, but someone asked me to do some research on a blockchain-based lottery project and I would like to get some advice.

Experiencing the existing lottery site would be easier for you to answer your question or gather information about your research.
[/quote]

I played them all already. And I have a lot of questions about how they work and operate.

Seems like freebitco.in lottery works on ZKP principle. But I still have to figure out if so called "client seed" is sent to server before getting SHA256 of "server seed".
If any of y'all did or know of some research done on this lottery that would be fantastic.