Crypto Lottery project

TRON Hackathon Hackathon Season 3
1

Project Name: Crypto Lottery
Project Track: DeFi
Team Name: Lottery Team
Team Member(s): 1 (CryptoWeb3)
DevPost URL: Devpost
Project Goal: The scalable and honest lottery for the million players around the world
Project Info: Inspiration - Crypto Lottery
Video: Crypto Lottery CoinEx Evmos Moonbeam Hackathons 2022 - YouTube
Project Website: https://cryptolottery.top/
Project Details:

Market

The global online lottery market reached a value of US$ 9.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.35 Billion by 2027, exhibiting a CAGR of 6.50% during 2022-2027[1].

Inspiration

The lottery is one of the most regulated spheres, because at the each stage fraud is possible. Unfortunately, in the online lotteries the things look most badly and most of famous lotteries don’t have online versions. The smart contracts and blockchain help us to create honest and strong systems and we can use that for a lottery and Web2 to Web3 transformations.

What it does

The crypto lottery is similar as Powerball lottery in the United States. The player must choice the 5 numbers of 69 and 1 of 26 in the dapp. When round will end the player can claim a reward from the smart contract instantly without borders.

How I built it

The solidity smart contract with React library and web3.js looks fine. I think, we must use minimal of technologies for the system stability.

Challenges I ran into

  • Multichain support for the project.
  • MultiWallet support for the project.
  • Mobile wallet work

Accomplishments that I’m proud of

The honest blockchain lottery without the brokers. Security and scalability of crypto lottery.

What we learned

  • Benefits of migrating Web2 apps to Web3
  • Web3.js, Solidity

What’s next for Crypto Lottery

  • Production version
  • Support more networks
  • Add new functional
  • Add new wallets

[1]. Online Lottery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 (Online Lottery Market Size, Share, Growth, Forecast 2022-27)

8 Likes
2

Great! Your project has plenty of similarities with ours!

2 Likes
3

Keep it up… What a nice project

2 Likes
4

Hola, parece un buen proyecto, esperamos ver más adelantos.

2 Likes
5

its a great concept.
My question is will the prize be paid out of a prize pool, or there will be a fixed amount to be paid if the person wins,?
If it will be paid from a prize pool then i dont have a problem, but if the person wins more than what is in the smart contract how then does the person gets his winning money out?

Kindly school me. Thank you and wishing u all the best.

2 Likes
6

Great project idea
Bravo

2 Likes
7

Hello :slight_smile: This is one of reason why I take a part in the Tron Hackathon. Like a tradition lottery we needs a money fund for these cases. We have a hubrid payment model (percents and fixed)

2 Likes
8

Thank you. I work on that project in my free time :sweat_smile: Your support is very important

1 Like
9

Greetings CryptoWeb3! Your project seems to be missing details on the following. Please add them to your project. Thank you!

Please Include:
Project Test Instructions
Project Milestones
Contract Address

2 Likes
10

I can’t deploy to testnet :face_with_diagonal_mouth: The same problem

2 Likes
11

Nice upvoting
Good morning

1 Like
12

You can use online compiler directly from tronscan (available for mainnet, Shasta and Nile). Or you can use Tronide (the same as Remix).

13

Wishing you the best then, may you get the needed funds to jumpstart your project.

1 Like
14

Hola, le deseo suerte para poder llevar su proyecto adelante

1 Like
15

tengo un proyecto basado en nodl token presumen de la super repidez de la red mi idea seria bombardear una sola direccion ingresando cierta cantidad de nodl en un horario determimado por muchos participantes jackpot lo llevaria el ultimo ingreso esto lo claramente marca la blockchain