Motivation

Three major issues 3525 Lottery strives to resolve using the ERC-3525 Protocol

Equity Distribution

We can use this protocol to define the shareholder account of LOTTERY DAO, each shareholder account is unique, but the shares in each shareholder account are homogeneous. Lottery tickets can be purchased with Stable Token, and shareholders can withdraw funds corresponding to the value of shares by burning the shares in SFT, which are also fungible at the time of burning, and the shares in SFT can be transferred and burned.

Information Transparency

The lottery industry has been notorious for controlling lottery results, changing the use of proceeds, and lacking transparency in information disclosure. It has become almost impossible to avoid corruption in an industry with such huge capital flows and completely centralized management, hence returning the rights to lottery players, allowing and encouraging them to participate in supervision and governance is the key to solve these problems. To accomplish this goal, 3525 Lottery proposes a scheme that allows lottery players to become shareholders of 3525 Lottery directly through the purchase of tickets, with 100% of the shares allocated to the players, while the duty of the dev team now concentrates on operation and technical maintenance, the governance of the organization is done by on-chain voting. Proposals that reach 51% will be passed. This takes into account the wishes of the majority of players as well as the wishes of those who hold the majority of shares.

Security of funds

Any funds collected from ticket sales will be stored directly in the smart contracts, and all funds will be divided into shareholder revenue pool, Jackpot pool, and operation pool.