Lack of transparency, limited access, security risks, inefficiency, and centralization pose challenges for traditional lotteries, hindering fairness and openness.
This is the total amount allocated to On-Chain Global Lottery dApp.
Create a global Cardano lottery dApp for transparent, secure, and inclusive lotteries, ensuring global fairness and accessibility with the option for NFT ticketing to support immutability
No dependencies
As our team delves into developing our lottery dApp, we've decided to keep the source code closed for several technical reasons. Firstly, it's essential to safeguard the algorithms responsible for tasks like number generation and prize distribution, ensuring that our dApp maintains its uniqueness and competitive edge. Secondly, by keeping the source code closed, we can add an extra layer of security through obscurity, making it more challenging for potential attackers to identify vulnerabilities. Moreover, limiting access to authorized individuals significantly reduces the risk of manipulation or exploitation. Additionally, closed-source development offers us the flexibility to implement custom features without exposing sensitive information to competitors. Lastly, having control over updates allows us to ensure compatibility and security, ultimately enhancing the overall integrity of our dApp.
In our technical approach, we're implementing additional security measures by making lottery tickets non-fungible tokens (NFTs). This ensures each ticket's uniqueness and enhances security by leveraging blockchain technology's inherent immutability. By minting tickets as NFTs on the Cardano blockchain, we provide participants with verifiable proof of ownership, reducing the risk of counterfeit tickets and fraudulent activity
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Furthermore, the front-end development will seamlessly incorporate NFT functionality, empowering users to effortlessly view and manage their tickets. Each NFT ticket will be intricately associated with a unique identifier and metadata, including essential details such as ticket number, purchase information, and lottery specifications. This integration enhances transparency, allowing participants to independently verify the authenticity of their tickets.
Behind the scenes, on the back end, smart contracts will be meticulously programmed to interact with NFT tokens. These contracts will facilitate various functions, including ticket purchases, transfers, and redemption, while rigorously enforcing lottery rules to ensure fairness. Only valid NFT tickets will be eligible for participation in lottery draws, as smart contracts diligently uphold the integrity of the system.
By seamlessly integrating NFT technology, our lottery platform further fortifies security and authenticity, instilling confidence in participants. This innovative approach aligns with Cardano's ethos of innovation and decentralization, aiming to establish a new standard for transparency, security, and accessibility within the global lottery industry.
Technical Solution:
The lottery tickets can be:
A ticket is valid for one drawing which are every epoch (~ every 5 days)
Winners of the lottery are calculated as follows:
Accumulation stage
Lottery dApp:
This component refers to the dApp where tickets are purchased. Users must "register" beforehand, although registration in a dApp is as simple as connecting the users wallet
Blockfrost:
It is the gateway to connect the lottery dApp with the Cardano blockchain
API:
It is the off-chain backend to randomly generate tickets and also to conduct the drawings, this information is sent to the Cardano blockchain via Blockfrost
DBMS:
Transactional database where ticket information is stored (DBMS is used).
Blockchain Cardano:
In Cardano, tickets are stored, providing immutability and security.
The conceptual of the probability of the lottery (tentative)
Timeline (in spanish)
Our project aims to bring significant value to the wider Cardano community through its innovative approach to lottery systems. By leveraging blockchain technology and NFTs on the Cardano blockchain, we enhance transparency, security, and accessibility in the global lottery industry.This not only showcases the capabilities of Cardano's blockchain but also demonstrates its potential to revolutionize traditional industries.
To measure the impact of our project, we will utilize both quantitative and qualitative metrics. Quantitatively, we will track metrics such as the number of lottery participants, the volume of ADA and other currencies transacted within the platform, and the frequency of lottery draws. Qualitatively, we will gather feedback from participants regarding their experience with the platform, including their satisfaction with security measures, ease of use, and overall transparency.
Additionally, the transaction volume on the Cardano blockchain will increase substantially as our project gains traction. This growth translates to greater revenue for network stakeholders, including SPOs (staking pool operators) and delegators, thereby boosting the overall health and sustainability of the Cardano ecosystem.
We will share our outputs and opportunities resulting from the project through various channels within the Cardano community. This includes publishing reports, case studies, and articles detailing our project's implementation, impact, and lessons learned. Additionally, we will actively engage with the Cardano community through forums, social media platforms, and community events to share insights, gather feedback, and foster collaboration.
The success of our project will bring value to the Cardano community by showcasing the practical applications of blockchain technology beyond cryptocurrency. By providing a secure and transparent platform for lottery participation, we demonstrate Cardano's potential to drive positive change in various industries. Furthermore, by promoting transparency, security, and accessibility, our project contributes to building trust and confidence in the Cardano ecosystem, ultimately attracting more users and developers to the platform.
Capabilities: Currently our team members have been working on completing projects like F7 dTeach dApp Ayllu. The technical aspects of the F7 Grow Latin America project likely involve the development of a decentralized edtech platform using Cardano's blockchain technology. This would include aspects such as smart contracts for secure transactions, decentralized storage for content, identity management, and possibly integration with other blockchain protocols for scalability and interoperability. Additionally, there may be considerations for user interface design, backend infrastructure, and data privacy and security measures.(https://projectcatalyst.io/funds/7/f7-grow-latin-america-grow-cardano/new-d-edtech-platform-for-latam)
Our team is also working on a F11 Blockchain Voting System dApp. The technical aspects of the proposed Cardano blockchain voting system include the development of smart contracts to facilitate secure and transparent voting processes. This involves creating a decentralized network where each participant can securely cast their votes, which are then recorded immutably on the blockchain. Features may include cryptographic protocols for voter authentication, encryption for ballot secrecy, and mechanisms for tallying and auditing votes.(https://projectcatalyst.io/funds/11/cardano-use-cases-concept/blockchain-voting-system).
in terms of fund management are team is dedicated to trasnperency and has worked with F6, F7, F8, and F11 projects managing funds between 5-figure and 6-figure.
Our team also has extensive experience in community engagement and event management is evidenced by our successful organization and hosting of 24 events through our F7 project. These events have provided valuable opportunities for knowledge-sharing, networking, and collaboration within the Cardano community. For more information about our past events and their outcomes, please visit the following link: https://projectcatalyst.io/funds/7/f7-grow-latin-america-grow-cardano/networkingeducation-latam
Our team even successfully completed projects such as the F8 Documentary, show casing Cardano to the world through real world project (https://projectcatalyst.io/funds/8/f8-film-media-fam-creatives-unite/documentary-south-america)
Our lottery project, employing NFT technology on the Cardano blockchain, is highly feasible and poised for success. Our expertise in blockchain development ensures the security and authenticity of each ticket through blockchain immutability. Thorough market research enables us to identify opportunities and navigate regulatory requirements, ensuring compliance and meeting user needs. Active engagement in the Cardano Community strengthens our project, fostering support and collaboration. Through careful planning and execution, we aim to deliver a transformative solution that showcases Cardano's capabilities and addresses critical challenges within the lottery industry.
Months 1-2
Milestone Number: 1
Milestone Title: Planning
Months 3-5
Milestone Number: 2
Milestone Title: Development
Months 6-8
Milestone Number: 3
Milestone Title: Blockchain and Integration
Month 9
Milestone Number: 4
Milestone Title: Deployment
Jose Velazquez- Marketing / Legal / Project Management
Jose posses a well connected network within the New York Cardano community with mentors from Milkomedia and Merchify. Jose has legal and governmental connections within South America allowing for project implementation. Jose has Project Managament experince maniging funds from F6 Projects, F7 projects, F8 Projects, F11 Projects. Jose is active within the catalyst proposers, catalyst network and latam cardano network within telegram. Jose has facilitated hosting 24 events across Ecuador and Paraguay providing catering, guest speaker logistics, event venues and itineraries as well as managed and completed 5-figure and 6-figure catalyst proposals
linkedin.com/in/jose-velazquez-809665186
David Tacuri- Developer / Lead Full Stack Developer / Smart Contract Developer
David possesses technical expertise in various programming languages and databases. David has experience educating about block and is the CEO of his own blockchain educational game Cardania. David has experience building dApp. David has many years of experinece as a developer, coding and managing electoral systems within Ecuador. Currently, David is in the end stages of building a blockchain voting system and a dTeach learn=to-earn modality platform. Dabid is cctive within the catalyst proposers, catalyst network and latam cardano network within telegram
https://www.linkedin.com/in/david-patricio-tacuri-lema-256a08b1/
The chart provides the exact numbers and this comprehensive breakdown allocates funds across various aspects of the project explaining it further. It includes development, security, marketing, operations, and risk management. It reflects the necessary investments to deliver a robust, secure, and well-promoted lottery dApp on the Cardano blockchain while accounting for potential contingencies. Adjustments can be made based on project priorities, market conditions, and feedback from stakeholders.
The development costs allocated for our project represent a strategic investment in delivering a robust and impactful dApp on the Cardano blockchain, ultimately providing value to the Cardano ecosystem. The breakdown covers essential aspects such as project management, smart contract development, frontend and backend development, security audits, and operational expenses, ensuring a comprehensive approach to project execution.
The decision on the costs of the project takes into account various factors, including industry standards, expertise required, and market rates. For example, the costs for project management, smart contract development, frontend, and backend development are justified by the complexity and expertise required for these tasks. These costs are proportional to industry standards and reflect the necessary investment to ensure the quality and functionality of the dApp.
Moreover, security audits and testing are crucial for identifying and mitigating vulnerabilities, safeguarding user funds, and ensuring the reliability of the dApp. The allocated funds for security audits demonstrate a commitment to maintaining high standards of security and trust within the Cardano ecosystem.
Operational expenses, such as hosting and infrastructure, are essential for ensuring the scalability and reliability of the dApp. By investing in robust infrastructure, we can ensure seamless operation and accommodate potential growth in user demand.
Overall, while the costs may appear high, they are justified by the value they bring to the project and the Cardano ecosystem. By prioritizing quality, security, and scalability, the project aims to deliver a dApp that not only showcases Cardano's capabilities but also addresses real-world challenges, ultimately providing value for money for the Cardano ecosystem. Adjustments to costs can be made based on project priorities, market conditions, and feedback from stakeholders, ensuring efficient resource utilization and maximum return on investment.