Show HN: Degen Raffle – A raffle built on Ethereum

6 points by testing_1_2_3_4 4 years ago | 3 comments

Hey HN!

I've been working on this idea off and on for a few weeks now and I figured it was time to show it to folks before continuing to build it out any further (hence the terrible UI).

The idea is this: A smart contract that allows players to win the tokens in the contract in proportion to the number of tokens they've depositing into the smart contract. For example, if you and another player enter a round with 1 token each, you both have a 50/50 shot of winning the other's token. Here's the catch. Anyone can end the round at any moment, even people who haven't deposited any tokens.

The contract is currently deployed to Rinkeby and I currently hold all of the Degen Raffle Tokens (DRT) needed to enter the raffle. If you're interested in playing, let me know and I'll send you a few million.

https://d19h3r5ramsh27.cloudfront.net/

ad404b8a372f2b9 4 years ago |

I don't understand the catch, can you elaborate (keeping in mind I have no knowledge of how smart contracts work)? What's the benefits to anyone being able to end the round at any time, even someone with no stake in it? Also doesn't it mean trolls can end the round at any time for example as soon as a token is entered destroying the system entirely?

testing_1_2_3_4 4 years ago | |

If only 1 person has entered a round and the round is ended, that person would just receive their money back.

That said, it's not explicitly necessary that anyone be able to end a round. I could have constrained it to only the players in the round, but I thought this was also an interesting twist.

The project is still very much in it's infancy though, so I'm definitely open to ideas (including the name :D).

istingray 4 years ago |

Neat I'd like to try