Any thoughts? Is there any similar projects out there?
There’s no known lottery project here that has a mechanics like this which distribute prize on random user. It’s more on a raffle than a lottery since user is not betting on a picked numbers but rather the smart contract is just selecting entries as winner.
L0tt0.com is your nearest competitor for lotto based game. The only problem on this kind of game is every round can be useless whenever there’s no participants aside from one user who place bet compared to a regular lotto games which the casino provides prize pool for players to win with their bet. This game is more on just PVP.
Yeah it's more like a PVP. Well I was trying to search but I can not find any projects like this. Maybe this system will be flawed? Anyway if there is only one participant, when the round is over, he gets his money back. Everything happens automatically. It's written in the smart contract. Only if the contract has not enough balance to pay the gas plus the user's share would be a problem. But for that, we could add a function that everyone can topup the contract's account for fees.
Yeah, I also heard this kind of projects before, maybe you have to comb this board:
Project Development. And I'm not sure if we have seen a lotto project that become successful regardless of the twist or just a regular lotto game because there could be a lot of trust issues like how is it not going to be rigged or stuff like that?, specially coming from a newbie like you. But if you think that your project will be successful, then just go ahead and see if others are willing to participate in your lotto game, so best of luck.