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Sortes (ETH Sepolia)

Sortes is a non-profit and trustless lottery build for the network states.

Sortes (ETH Sepolia)

Created At

ETHGlobal Singapore

Project Description

Sortes is an lottery built for public good and belongs to the people. Tapping huge market & treasuries: The global game market is $200 billion, and the international legal/licensed lottery market is $300 billion; within this combined $500 billion, the lucky draw (or gacha) is the critical function that drives user traction, addiction, and payments. However, they all rely on trusted/centralized solutions to generate results, settle charges/rewards, and allocate to social welfare. The people instead of the goveronment should decide how to use charity fund gathered from the lottery.

How it's Made

Sortes differs from other lottery systems that are issued and operated by centralized organizations. It's built fully on chain. (Please ensure you're on ETH Sepolia)

Uniswap depth WBTC/USDC is used in our protocol to make sure the pool is stable. Chainlink VRF v2.5 is used to enough fair and transparent randomness source. USDC is used for payment. Metamask is used for wallet connect.

The generation of its prize pool is achieved in a completely decentralized way: any user can contribute to this prize pool by depositing Bitcoin (wBTC) on the Ethereum blockchain into the contract and directly obtaining the majority of the revenue from lottery sales.

When a user deposits wBTC into the prize pool, the contract will issue a corresponding certificate X-WBTC based on the deposited amount. X-WBTC is a deposit certificate obtained after wBTC is deposited and an exchange certificate for withdrawing wBTC from the pool.

It is a record-keeping certificate for depositing and withdrawing Bitcoin in the prize pool.

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