Proposal #133
Referendum #124

MIGA (Make Interlay Great Again) Polkalottery on Interlay

Democracy
11mos ago
8
NotPassed

************** POLKALOTTERY OFFICIAL STATEMENT ******************

First and foremost, we want to thank everyone who took the time to engage in this discussion, share their perspectives, and vote on the proposal. The strength of the Polkadot ecosystem lies in its collaboration and interoperability, and it has been great to explore ways in which we could contribute to Interlay’s growth.

That said, after careful consideration, we have to acknowledge that the current token instability makes it impossible to move forward at this time. Since the debate began approximately 1 month ago, the token has dropped by 37% compared to the initial calculations, repeatedly breaking all-time lows. This level of volatility makes it difficult to ensure the financial sustainability of the proposal & AirDrop, and we believe it is in everyone’s best interest to revisit this idea when conditions are more favorable.

Despite this, our mission remains the same: to help strengthen and revitalize networks that need further development and token burns to regain momentum.We are fully operational on ACALA, Sora Network, and the Polkadot Relay Chain, and we hope to continue fostering growth across the ecosystem.

While an agreement wasn’t possible this time, we are confident that there will be future opportunities to collaborate, and we look forward to crossing paths again. Let’s keep building together! 🚀

The Team Polkalottery https://polkalottery.io/

************** POLKALOTTERY OFFICIAL STATEMENT ****************

MIGA (Make Interlay Great Again): Proposal for Polkalottery on Interlay

This project brings Polkalottery https://polkalottery.io/, "The Cross-Chain Jackpot", to the Interlay network. Polkalottery is a proven lottery platform, fully operational on other parachains, designed for seamless integration with Substrate-based ecosystems.

Key Benefits

  • Community Re-engagement: Introduces a new use case, driving user activity and combating stagnation.
  • Enhanced Tokenomics: 5% of ticket sales go towards an INTR buyback and burn, supporting long-term value.
  • Multichain Airdrop: Attracts users from other networks and rewards the Interlay community directly.
  • New Use Cases: Opportunities for exclusive lotteries featuring iBTC, highlighting Interlay as a Bitcoin bridge.

Metrics Supporting Success

  • 105,439 tickets sold and 181 unique users already on other parachains.
  • 29,494 DOT distributed in prizes, demonstrating strong engagement.
  • Expected exponential growth as Polkalottery integrates with additional networks.

Scope of Work

  1. Infrastructure Setup (10 days): Connect Polkalottery to Interlay.
  2. Revenue Sharing Rights (5 days): Implement the 5% INTR buyback and burn mechanism.
  3. Telegram Integration (2 days): Deploy user-interaction bots (e.g., ticket notifications).
  4. Validation and Testing (3 days): Ensure a fully operational and transparent system.
  5. Community Airdrop (6 weeks): Distribute 40% of the grant to engage and reward the Interlay community.

What are the conditions for the airdrop?

This will be decided by the team to ensure a fair and uniform distribution. However, we can already confirm some basic tasks required to qualify:

  • Having Interlay staked and participating in the current proposal (you are free to support or not, but participation is required).
  • Using and taking part in the first lotteries on Interlay.
  • Being a holder of the $LOTY token.
  • Additional activities will be communicated in due course.

Polkalottery’s integration with Interlay offers a scalable, low-risk, and innovative opportunity to re-engage users, enhance tokenomics, and showcase Interlay’s role within the Polkadot ecosystem.

The proposal has successfully passed the prior debate with 100% approval.

🔗 View discussion here

image.png

Edited
Reply
Up
Share
Votes
AyePassing thresholdNay
3%97%
Aye
129.68KvINTR
Nay
4.96MvINTR
Turnout
5.09MvINTR
Electorate
0vINTR
Failed
How Interlay Governance Works.
Call
Metadata
Timeline2
Votes Bubble
Comments