Lossless Lotto is a lossless lottery dapp for cfx token. Build on top Flux Platform https://flux.01.finance
users will stake in Flux via Lossless Lotto smart contract. The interest from Flux will be pooled together and become daily reward. Users have chance to win this reward based on how much their staking versus total staking. User also have no loss (lossless) because they can withdraw their staking anytime.
The project will benefit conflux ecosystem, by reducing amount cfx on circulation because of staking.
anon but may disclose identity to grant commitee
full stack & game development with 13 years experience
4 years blockchain/smart contract experience
winner of 4 blockchain hackathons on devpost and gitcoin
member of indie game studio for 13 years
currently work on startup that use blockchain as proof of traceability
main developer of Traderbot X https://traderbotx.space
TOTAL BUDGET AND FUNDING TIER
The tasks projected to be finished within 1.5 months (30 days/6 weeks/4 hours daily)
30 days x 4 hours x 60 usd x 1 man power = 7200 usd
CURRENT FUNCTIONALITY: not started
Smart contract will have functions below:
- stake cfx
- calculate chance based on amount stake
- restake into flux
- retrieve interest from flux and send to daily pool
- retrieve bonus token from flux (zo) and send to daily pool
- set daily winner based on random number
- withdraw reward for the winner from daily pool
- unstake cfx from flux and withdrawed to user wallet
Frontend to operate the functions above.
Researching flux smart contract
Deliverable: A basic smart contract that interact to flux (deposit, withdraw, take interest, take zo) will be available on github. It will be deployed on espace mainnet and verified, so grant comittee may test it using confluxscan.
Lossless lotto smart contract development.
Deliverable: Working smart contract for lossless lotto will be available on github. To test it grant comittee need to fork espace using hardhat.
Deliverable: Front end source code will be available on github. It will be deployed on free server like heroku/vercel
Mainnet launch and test
Deliverable: Latest source code available on github. Smart contract will be deployed in espace and frontend will be available on heroku.
All smart contract will be verified in confluxscan and open sourced. Frontend code will be opensourced and deployed on our backend.
For maintenance & minor bugfix, additional budget: 4 hours/month x 60 usd = 240 usd/month = 2880 usd for one year