Decentra-Lotto
Searchโ€ฆ
Winning
There can be multiple winners of the lotto jackpot. The 1st winner receives 50% of the total pot. The 2nd winner receives 25%, the 3rd receives 12.5% and so on until the jackpot is less than the price of 1 ticket (the minimum win amount). This ensures that every ticket has a higher chance of winning something.
Once the lottery deadline has passed, anyone can end the draw (decentralised), triggering Chainlink VRF to randomly generate a number which the Decentra-Lotto contract uses to draw the winners.
If you have won the lottery, you now have a choice to either hold your DELO to earn passively via frictionless yield, stake your DELO to earn a % of every ticket sale, or sell your DELO if you choose not to earn additional rewards.
About Chainlink
Chainlink VRF was chosen to generate the randomness for Decentra-Lotto as the industry standard for oracalised random number generation.
Chainlink is the most widely used and secure way to power universal smart contracts. With Chainlink, developers can connect any blockchain with high quality data sources from other blockchains as well as real world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance, and gaming ecosystems, among others.
Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain.link and follow @chainlink on Twitter
Copy link