Yes.  Ths is more of a lottery than a chit fund.

No monthly payments....its only one time payment and get into the lottery draw. So no running away...

I know there are many lottery with block chain concept like FireLotto,TrueFlip etc. wherein the participants
pick six numbers and also it rolls over if no number is matched. Its similar to traditional lotto.

In our case, we pick from the participating members., the pool money goes to winner/s.  Also there is a cap on
participants and total amount and hence more transparency and winning chances are more.