Quote from: AmoreJaz on March 07, 2022, 09:38:29 PM

Quote from: holydarkness on January 29, 2022, 05:37:53 PM

Quote from: Hoesis.USA on January 28, 2022, 07:15:30 PM

Quote from: julerz12 on January 28, 2022, 01:55:01 AM

Agree with the gentlemen above, this doesn't sound appealing to anyone especially gamblers who usually asses their odds of profiting on a bet before getting in on it. You would need a massive amount of transactions buying/selling the token just to get a viable amount of transaction fee to be pooled in as the jackpot prize. I guess the question would be will your team able to get enough crowd to buy the token and trade them 'cause if not then you guys better think of other utility for the token or rather better way to generate the prize pool.

Thank you very much for your comments. Actually, the first phase of the decentralized lottery system is the Clotba. The developers are working on DEL (decentralized lottery). In the DEL system, it will be necessary to pay for participation in the lottery, the money collected will be distributed as bonuses, there will be those who did not win as well as those who won. But in the pioneering Clotba system, there will be only winners, as there is no need to pay or buy tickets every time to participate in the lottery. Users will be able to participate in the lottery in both systems.

Aandd... you just make it worse. You tried to say that your major selling point and feature is that --unlike the old and conventional lottery-- no body lose. By purchasing 10 Clotba, we're eligible for a lifetime entry to the weekly lottery? Don't you agree that it'll just further de-motivate people to buy each week? Why do they need to spent another money if they already have an entry? Which, further decrease the reward pool, which further discourage new joiners to actually buy and join, given they'll see that the amount is even less. This cycle is repeated until no one buy, and the project got abandoned by team.

my impression here -- if they will ever push thru this lottery platform, they won't last. maybe they will create some hype but seems that they have no solid development here. maybe, they thought they are just riding the bandwagon, decentralised gaming...but it is all in how the team will deploy the project and the rep is not doing his job.
you are right, if once the player bought the ticket one time and they have access to succeeding lotteries, then, why buy the next time around? the people behind this should re-think their concept of lottery system here.

I talked to the developers about your message, they said they have made the following updates.
They plan to integrate with the casinos by making casino agreements and the income will be transferred to the Clotba staking contract (the relevant contract is being prepared). In addition, online games will be integrated into the system and the revenues from this will be transferred to the staking contract. They stated that they will implement a different time-limited model in the staking process, permanent staking will not be possible, 6% deduction will be made for each entry and exit, and staking revenues will be given to the stakers, again in the form of a lottery.

They stated that they would establish a dynamic lottery system in this way.