Okto Blog And SUI Chain Track
Okto:The Orchestration Layer of Web3 - simplifies workflows by seamlessly integrating Unify Wallet Accounts Across Blockchains. SUI Chain Project - A lottery system developed on SUI chain using SUI.
About
The problem it solves Okto is a Self-Custody De-Fi Wallet and is a secure way for storing the Assests such as Tokens,Coins,Crypto and NFTs.Okto also supports the application of Gaming and Metaverse and also has its own ecosystem such as SDKs and APIs for Devs to help them build the DApp. SUI is a blockchain which has its own native token. This Project is a Lottery system that collects 1% Transactions fee on every Buy/Sell Transactions and collects this fee into a Lottery pool. All the Buy Transactions above a Particular Amount is then entered into the Lottery pool with a 2.5% Winning Odds and a Random Transaction hash is selected as Winner, If the Winner is Selected then the 70% of the lottery pool will be given to the Winner and the remain 30% is burned. If no Winner is Selected then the Pool is Carry Forward to the Next Round of the Lottery.Burning the Coins after a win is found will help to control the Circulating Amount Pool in a controlled Manner and will also help in Increasing the Price of the Token.
How it's made
Challenges we ran into The SUI Chain Setup was not a easy process and has a lot of dependency issues in the Cargo, The API of the SUI doesn't have proper endpoints for fetching the transactions using the contract address.