Abstract

The lottery industry has long suffered from opaque information and chaotic governance. The root cause of which is directly pointed at the absolute power of centralized lotteries. Such insurmountable obstacles have hindered lottery players from participating in monitoring and governing the industry. Acknowledging the drawbacks of the conventional lottery system, we thus propose to revolutionize the industry with the ERC-3525 protocol, a pioneering movement in Web3 space, to build a decentralized lottery organization owned, governed and celebrated by the people.

To 3525 Lottery, the idea behind employing the ERC3525 protocol is it defines a new asset type called Semi-Fungible Token (SFT), which has the characteristics of both fungible and non-fungible tokens.