A few more questions that needs to be highlighted in the main post,
- How is the risk level calculated ? Who calculates the risk level ?
- There is no information on how the lottery is drawn or winner are selected.
- Web mining tool sounds interesting considering this isn't a regular PoS/PoW staked coin,might want to elaborate more there.
- Which on-chain coin you're going to fork your platform from ?
Sure, let me try to answer your question!
- The risk level is calculated as easy as checking out how many winners will be drawn over all the partecipants in a room. An example: the room has a total of 80 partecipants and 75% of them will win. This means that 60 over 80 players will win, and all of them will receive the same price. In this way you will be able to easily calculate your win probabilities and how much your going to win.
- We are working on a provably fair algorithm, but basically once the room gets filled the winners will be drawn based on the number they picked when they joined the room. The algorithm will have some salty words: the Lucky Word that a user picks when he joins a room will be used in the algorithm (of course it won't be possible to manipulate the end result throught those words).
- We will share further information about the Web Miner in the near future!
- The first choice is Ethereum, so CLT (CryptoLotteryToken) might be a ERC20 token, but we are also considering NEO, Achain and Lisk (when they are going to release their SDK). We will update you soon about this.
I hope that I have answered your question, if not let me know what needs to be more clear!