Brutus Lottery - One NFT, unlimited possibilities to win

TRON Hackathon Hackathon Season 7
1

Project Name: Brutus Lottery

Project Track: Artistry

Team Name: Brutus Finance

Team Member(s): @stevenSTC @Deiva @niresvicente @DaLirium

DevPost Project Link: Devpost

Project Goal: The goal of Brutus Lottery is to show that a sustainable ecosystem can be built on the Tron blockchain. We aim to let users participate in unlimited raffles using NFTs, ensuring that each transaction adds to the prize pool. Our focus is on creating a model that does not rely on new capital, proving that NFT games can be viable and sustainable over time.

Project Value: Brutus Lottery adds significant value to the Tron ecosystem by introducing an innovative and sustainable lottery model. By utilizing the BRST token, which always grows against TRX, we can ensure the allocation of prizes without relying on new capital inflows. We offer transparency and security through smart contracts, building trust in the system. Our approach not only benefits players but also provides developers with a framework to create sustainable projects in the future.

Project Info:
BRUTUS LOTTERY.pdf (4.7 MB)

Project Website: Brutus.finance - Dashboard

Project Test Instructions:

  1. Access the DApp:
  • Open your browser and use TronLink to access the Brutus Lottery DApp. (Provide the actual URL here)
  1. Choose NFTs:
  • Select the number of NFTs you wish to acquire. If you don’t have sufficient resources, our energy rental suggestion will appear.
  1. Mint and Hold Your NFT:
  • Proceed to mint your NFT and hold it in your wallet.
  1. Participation in the Raffle:
  • All ticket numbers sold before the last conducted raffle will participate in the next draw.
  1. Automatic Prize Distribution:
  • The wallet holding the winning NFT will automatically receive the prize without the need for any claims.
  1. View Past Winners:
  • On the website, you can always view the winners of the most recent raffles.

Project Details:

Brutus Lottery is an innovative lottery system that allows users to participate in unlimited raffles through the acquisition of NFTs. Each NFT grants access to all the raffles organized by the Brutus team. 100% of the revenue generated from ticket sales is allocated to the purchase of BRST, an always-growing token against TRX from Brutus Finance. From the growth of this token, we allocate 80% as prizes for the winners, while 20% goes to the team. All ticket numbers sold before the last draw are eligible for the next raffle, ensuring that each ticket sold contributes to the increase of the prize. This approach guarantees that the prize is always attractive and continually growing, thereby promoting participation and long-term sustainability of the system.

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Smart Contract links:
Nft contract

Lottery contract

BRST contract

Project Milestones: Increase user participation for more attractive prizes and establish strategic partnerships with other projects for mutual benefits.

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Welcome to hackaTron S7! Is this a mint NFT once and qualify for all present and future lotteries?

How much is the NFT cost, and can a user mint more than one NFT?

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Indeed, by minting just one NFT, you can participate in all future lotteries. The cost of each NFT is 100 TRX. At the moment, it’s not possible to mint more than one simultaneously, but we are working on it. A wallet can mint as many NFTs as it wants, but for now, it must be done one at a time. Thank you for your warm welcome.

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Here are some questions to consider about the Brutus Lottery project:

  1. What specific mechanisms will ensure the growth of the BRST token against TRX?

  2. How will you maintain transparency and security within your smart contracts?

  3. What strategies will be implemented to attract and retain users in the raffle ecosystem?

  4. How do you plan to manage the prize pool to ensure sustainability without new capital?

  5. What measures are in place to prevent fraud or manipulation within the lottery system?

  6. How will the community be involved in decision-making or governance within the Brutus Lottery?

  7. What kind of user incentives will you provide to encourage participation?**

  8. How will you handle the distribution of prizes and ensure fairness in the lottery draws?

  9. Are there any plans for partnerships or collaborations to enhance the project’s reach and credibility?

  10. How does the Brutus Lottery model differ from traditional lottery systems, particularly in terms of user engagement and sustainability?

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welcome Brutus, happy to meet here again.

This is a lottery project and it requires some legalities, licensing, gambling laws, consumer protection and others. Can you tell me something small on these

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It’s not exactly a typical lottery; it’s more of a raffle based on the profits generated from the NFT purchase amount. The clients’ investment remains visible at all times in the contract, in our BRST token. The raffle is 100% random, considering factors like date, number of tickets sold, and other variables. We calculate the growth generated by the proceeds and raffle 80% of it. It’s that simple.

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Oh okay, so this does not need any license right?

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Since everything happens on the blockchain and we have only worked on its development, we believe that it is not necessary.

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alright Sir, thanks for the explanation

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Welcome to hackathon S7
After reading your project I will say is very exciting and interesting more especially the progressive use of NFTs for unlimited contest participation which improve engagement and also set a standard.
Kudos to you and your team members but I have some few questions.

  • knowing that security is very important when it comes to stuff like this, what plans have you set in terms of protecting users from hackers and scammer.

  • what plans have you made in regards to instability.

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Sorry fam, we will answer all these questions as soon as possible.

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Welcome to the Hackathon of season 7, your project is a very interesting one after I read it, I will like to know so please tell me how are you going to make sure that your platform is going to remain fair and secure as your project becomes big, thank you

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Answer 1
BRST is a collateralized token that ensures growth against Tron thanks to the businesses backing it. These include resource rentals, daily staking rewards, 10% of everything the pool sells, all combined with compound interest.

Answer 2
To maintain transparency and security within our smart contracts, we use a mix of variables that ensure randomness for the lottery draws. For security, an authority system is implemented to manage and oversee the entire process. Additionally, a versioning system is in place to track and document any changes made to the contracts, ensuring transparency and providing a clear record of all updates.

Answer 3
The sale of tickets in Brutus leads to higher revenue, resulting in increasingly attractive prizes. With the purchase of 1 NFT, users can participate in all the raffles organized by the team, which take place every 15 days. This gives NFT holders a recurring opportunity to win, making the investment more valuable in the long run.

Answer 4
BRST is always growing against TRX, ensuring a consistent benefit. However, the exact prize amount cannot be guaranteed, as it will depend on factors like demand and resource prices. The daily growth of the prize can be tracked on the Brutus Finance website, where users can observe the prize pool evolving. The prize amount is solely dependent on the price of BRST.

Answer 5
The lottery is executed by a smart contract that considers various factors to ensure randomness. Everything happens on the blockchain, and all activities are fully transparent and visible.

Answer 6
Brutus has always been known for listening to its users. Although there is no governance system in place for the lottery, the team is always open to feedback and suggestions from the community.

Answer 7
We believe that an NFT allowing users to participate in unlimited raffles is already valuable in itself. However, we do not rule out offering additional perks to Brutus Lottery NFT holders within the ecosystem in the future.

Answer 8
As we’ve mentioned, the raffle takes place on the blockchain and considers various factors to ensure randomness. Likewise, the prize is automatically sent to the wallet holding the winning NFT, so the user doesn’t have to worry about anything.

Answer 9
Of course, we don’t rule out any possibilities or close the door to any project. In fact, we encourage anyone who wants to participate with us in any way to step forward.

Answer 10
As mentioned above, this is not a conventional lottery. The prize is solely the growth of the investment. In fact, if one day the team stops conducting draws, the users’ capital remains intact under a contract that could return the investment made to all participants, even after paying out all the prizes.

Thank you for your warm welcome, and I hope I have addressed all your questions.

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If this refers to the BRST collateral wallet, it is not a new product; it was launched in 2021. The collateral always remains staked, and the private key of the owning wallet is never active anywhere. We work with multi-signature systems for withdrawals, which guarantees the security of the BRST collateral capital. If you are referring to users, we always recommend verifying the official contracts, which can be found in the documentation, to ensure that they are indeed acquiring the desired product.

Our prizes are not fixed in USDT; they are awarded in TRON (TRX). As mentioned earlier, there will be more or less substantial prizes, but we will always raffle off an amount proportional to 80% of the growth of BRST over 15 days.

Thanks for your Welcome.

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The raffle takes place on the blockchain, as we mentioned, and it considers various factors that make it highly random. Regarding the security of the funds, they remain staked in a multi-signature wallet, without ownership permissions.

Thank you for your support.

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Okay, I can’t wait to start minting the NFTs and take part in your raffles

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You can do it right now… We are on mainet!!!

Thank you for your support, much appreciated!

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Ohh. That is nice to know. I’m going to get a few NFTs for myself. All the best team :muscle:

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Awesome, gamble time is back?

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You explanation is indeed amazing, thanks so very much @DaLirium .

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