Post
Topic
Board Tokens (Altcoins)
Re: [ANN] 🍀 CLOTBA - High Winning Blockchain Lottery 🍀
by
holydarkness
on 29/01/2022, 17:37:53 UTC
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.