[BS] DOT #1372 - Jackpot Funding for Lotto Multichain dApp

https://polkadot.subsquare.io/referenda/1372

The Lotto dApp is like a lottery on the blockchain where users pick numbers to win a jackpot.
It works on multiple blockchains, and players can join from different chains for the same jackpot.
The dApp uses smart contracts to make everything automatic and fair.
It shows how Polkadot's technology can work with different blockchains.
The team wants 100,000 DOT to fund the jackpot, which will be managed safely.
Players pick 6 numbers from 1 to 99, and the draw happens every 100,000 blocks (about 1 week).
The dApp will be on Astar, Moonbeam, Phala, and Soneium blockchains.
The team plans to add more features like NFTs and mobile wallet support in the future.

1xzc...1bX6

1xzcLSwo7xBFkJYZiL4EHaqFpuPTkH641E3V43W4cuk1bX6

Nay

# 2

In 2023, the global lottery market reached $355.7 billion, showcasing its potential. However, we reject this proposal for several reasons: (1) User Base: Relying on a lottery attracts users seeking quick profits rather than long-term contributors essential for Polkadot’s sustainable growth. (2)Sustainability: Allocating 10,000–100,000 DOT to jackpots depends heavily on treasury funds without a clear revenue model. Once the jackpot is exhausted, it would continually drain the treasury. (3) Regulatory Issues: Blockchain-based lotteries face complex licensing and jurisdictional challenges, risking legal complications in many regions. (4)Transparency and Fairness: Ensuring users understand the risks and odds is crucial. This proposal lacks clarity on maintaining transparency and fairness, which could erode trust. Verdict: Despite the lucrative lottery market, the proposal carries significant risks and doesn't align with Polkadot’s vision. Also, we almost always oppose treasury proposals asking for DOT.

1433...pWXn

14333MZvbGkcq5CZ8fYHZiFYwHNDaW3uiErDKMb7oqnupWXn

Nay

# 2

this is silly. and too much asking

12s6...nE8h

12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h

Nay

# 2

Will this bring new users to Polkadot? No. Maybe a few gamblers, that spin the slot machine and go away. With a ridiculous amount of 100k DOT spent from the treasury. NAY here.

12Hi...E9N3

12His7t3EJ38tjdBbivUzWQeaNCLKfMqtKp1Ed3xHMyCE9N3

Nay

# 2

We cant see any value in this proposal

14Gn...YLEh

14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh

Nay

# 2

I share the view of my fellow members here. I find no real added value within the proposal. In addition, they ask for a really high amount.

167Y...TY9F

167YoKNriVtP4Nxk9F9GRV7HTKu5VnxaRq1pKMANAnmmTY9F

Nay

# 2

Show a clear lack of understanding of how lottery systems schemes work.

14gM...deVb

14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb

Nay

# 2

I'd suggest the proposer start from a small ask if you are serious and have concrete plans.

1ZSP...vx6w

1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w

Nay

# 2

It doesn't seem like the right time for this, especially before Polkadot Hub

13ED...KQbF

13EDmaUe89xXocPppFmuoAZaCsckaJy3deAyVyiykk1zKQbF

Nay

# 2

Nay for many reasons, but no decision deposit is one of them.

15fT...yBzL

15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL

Nay

# 2

I think it's an interesting use case. The team seems to already have functional open-source smart contracts too. I would suggest experimenting with a smaller amount, with a completely automated system that doesn't rely on multisigs and manual intervention. I do not agree with the idea that the prize should be high to attract attention. Smaller amounts could work. So, it's a nay from me now, but I suggest the team to carry on with the work, and restructure the proposal according to feedback from the community.

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