weekly prize pool

Introduction to Weekly Prize Pool Smart Contract

A Weekly Prize Pool Smart Contract is a decentralized application that allows participants to enter a prize draw by paying a fixed entry fee. The contract automatically selects a winner every week, distributing the accumulated funds to the chosen participant.

This implementation follows a trustless and transparent mechanism using Solidity, ensuring fairness through a pseudo-random selection process. The contract maintains a list of participants, and after one week, a random winner is chosen using block timestamps and a seed variable.

Key characteristics of this smart contract:

• Decentralized & Autonomous – No manual intervention is needed for winner selection.

• Transparent & Immutable – The smart contract logic is publicly verifiable on the blockchain.

• Fair Randomization – A simple hashing mechanism ensures a randomized selection.

This approach is useful for lottery systems, raffles, or incentivized community rewards, eliminating the need for third-party trust. 🚀