Unveiling the Thrill : Intract's On-Chain Lottery Feature
Welcome to the Exciting World of On-Chain Lotteries - a fun new addition to Intract quests!
Welcome to Intract’s first technical blog!!
Today, we're excited to take you behind the scenes of our on-chain lottery system, an addition to the vast world of Web3 quests on Intract. A feature that we’re proud to introduce. The lottery is our community event that fosters fun & espouses the principles of web3 with a sprinkle of life-changing $$$ rewards.
Let’s explore how it works, understand its unique aspects, and how it can make a significant impact on your Web3 grind.
One Lottery at a Time
Intract’s lottery system is structured to host one event at a time, each with specific parameters. These parameters include the lottery's end date, typically set between 18 to 20 hours, and the categorization of winners into primary, secondary, and tertiary groups. This approach ensures a focused and immersive experience for each event.
Dynamic Winner Categories:
Primary Category: A single winner who receives 50% of the total pool.
Secondary Category: Initially set to 1 winner, sharing 30% of the pool. This means each of these lucky users gets an equal part of this 30%, translating into substantial winnings.
Tertiary Category: An equal share in number to the secondary category, with winners splitting 20% of the pool.
As our user base grows, we plan to increase the number of winners in secondary and tertiary categories, making the lottery more inclusive, fair, and of course rewarding!
The Drawing Process
The lottery concludes by first ending the event, which triggers a request for a random number from the Chainlink VRF contract. This randomness is crucial for fairness. After a short period, we then draw the lottery, where the smart contract selects winners from each category based on this random number.
Transparent & On-Chain Winnings
Transparency is key on the Intract Quest platform. All winnings are recorded and claimable directly on the blockchain.
A Fun, Fair, and Impactful Experience
On Intract, our approach to the lottery experience goes beyond the conventional notion of a game of chance. We've carefully designed it to be more than just a gamble; it's a decentralized adventure that encompasses both enjoyment and the promise of a fair opportunity to share in the prize pool. This unique experience is driven by the principles of transparency, fairness, and community participation.
What sets this experience apart is its emphasis on fairness. In the traditional world of lotteries, trust in the selection process can often be a concern. However, on Intract, trust is replaced by transparency, as every aspect of the lottery is recorded on the blockchain for all to see. It's a trustless system where the rules are coded into smart contracts, ensuring that everyone has an equal and unbiased chance to win.
As for the Winners, they can visit the contract and claim their rewards without any intermediaries. The on-chain winnings are thus, verifiable by anyone at any time.
That said, Intract's lottery isn't just about winning; it's about being part of a vibrant and engaged community that values fairness and fun in equal measure. So, when you participate in the Intract lottery, you're not just playing a game; you're immersing yourself in a decentralized experience where randomness, transparency, and rewards come together to create something truly extraordinary.
Conclusion
The on-chain lottery is a cornerstone of our product, blending the excitement of gaming with the fairness and security of blockchain technology. As we evolve, we will continue to refine this feature, always aiming to enhance user engagement and provide more opportunities for significant wins.
We invite you to participate in our next lottery event. Experience the excitement, test your fortune, and possibly be one of the fortunate ones to win a substantial reward. Keep an eye on our platform for the announcement of upcoming lotteries and be a part of this incredible journey.