Introducing
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An application that makes saving money as fun as a game.
A game where you can never lose.
The game lets you have the best of both worlds - saving money and the chance to win a prize!
User can join the pool in three simple steps
Pool & Interest
When many users join the pool and buy tickets, a sum of money is collected in the contract
This amount is then used in defi to generate interest over a small period of time which works on compound protocol by lending crypto to users.
Winner Selection
After a fixed time period one ticket is selected randomly as winning ticket & the interest collected is transferred as tickets to the account of the user holding the ticket for the next round.
The rest of the amount goes in again for the next round
Token Withdrawal
User can convert tickets to tokens and withdraw from the pool anytime and will not be considered for that and consecutive rounds.
Sponsors
User can also select if he wants to be part of the winning pool or just here as a sponsor in which case he will not receive any ticket but the number of tokens will be used to generate interest.
Restrictions
The only restriction is, user buying ticket will not be part of the current ongoing pool and will stand a chance only from after that round ends.
Polling Groups
There will be an option where users can join a group and increase his or her chances of winning and can share the winning prize with the group.
(for next phase)
Walk-through
This is to get a complete walk through for better a understanding.
Pool Module
Pool
Authentication & Conversion Module
Direct authentication using metamask integration and will handle ticket selling and amount withdrawal
Will handle all the tickets in the pool, the start time of the pool, the end time of the pool, the amount collected, and compound finance. It will also select the winning ticket.
Will show all the current statistics of pool amount, prize estimate, time remaining till completion of the round, and number of players
Winners Module
Will contain the list of till the date winners along with the amount they won.
And will notify the winner of each round
(along with time approximation)
Final timelines can only be decided after wireframe completion