I really don't understand why you keep ignoring my question regarding the massive security risk? How exactly are those funds kept that you ask users to deposit via your website?
The developers do have layers of protection, though we can not describe them for security reasons, we make sure that only you can withdraw or transfer and not even us can touch those tokens.
Best Regards,
TrueFlip.ioHm good to know, but only to a certain degree because why would it be necessary for you to keep that to yourself if no even you can't touch those tokens? How would anyone else be able to do so if it's not possible for you?
Alright I accept that you are not willing to deal with my question. I for my part learned that people avoiding questions usually don't have proper answers
Our security system is enough secured to protect your funds and tokens. We recommend everyone to protect their accounts with secure passwords and 2FA. But as for your initial question, we don't persuade people to store all their funds on our website.
But you incentivize them to do it. Can't you manage your lotteries (or for whatever people have to store their funds on your website) via a wonderfully secure smart contract?
This is a kind of question that is more technical and developer centered.
But we do manage our balances with exchange level security. The same reason why exchanges don't manage their funds with smart contracts is the reason why we use our layers of protection just like them. Smart contracts also have points of failure and different from other software they can not be changed, check recently smart contract errors that lead to millions in losses on another company.
Best regards,
TrueFlip.ioI was really excited about the huge jackpot, but the problem is though that I've spoken to a lot of lottery players and very few, <10% imo, want to play because they don't believe an Eastern Europe start-up will payout an $8 million jackpot.
So it's good you haven't spent too much on marketing because I think you will find such a small % would trust you to payout so it's not worth spending the money.
If you look at the big value players like FUN ($200 million valuation) It's all ZERO third party trust. The game is verified by the blockchain & a smart contract pays out the winnings.
Before you waste any money on marketing, do some market research and I believe you will find a $1 million jackpot controlled by a Smart Contract will be 100x more popular than an $8 million jackpot that requires you to trust a third party to pay out.
I understand the issues with smart contracts but for as long as all the jackpot/s are centrally controlled the valuation of TFL and the player base will be severely limited.
(Investors will like it too, if the Smart Contract automatically sends X% to TFL, a % to an investor fund and the remaining amount to the smart contract jackpot whenever a ticket is purchased.)