# Smart Contracts - Which options do we have?

**URL:** <https://forums.counterparty.io/t/smart-contracts-which-options-do-we-have/3249>\
**Category:** Counterparty\
**Created:** [June 20, 2017, 5:12pm UTC](https://forums.counterparty.io/t/smart-contracts-which-options-do-we-have/3249 "2017-06-20T17:12:01Z")\
**Posts on this page:** 1\
**Showing post:** 2

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**Author:** ![JPJA](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/jpja/32/1324_2.png) [@JPJA](https://forums.counterparty.io/u/JPJA)\
**Post date:** [June 21, 2017, 11:09am UTC](https://forums.counterparty.io/t/smart-contracts-which-options-do-we-have/3249/2 "2017-06-21T11:09:03Z")

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I should add that Counterparty as of today has multiple hard coded smart contracts:

- The asset system is a massive smart contract, highly popular and the cornerstone of CP
- The DEX allows for trustless trading of assets, also highly popular
- BtcPay is specially designed to trade XCP (or asset) against BTC on the DEX. Trustless but requires an additional transaction, i.e. slow. Not much used.
- Dividends allow X tokens of an asset to be distributed proportionally to the holders of another asset. Used about once every other day. Using it requires a tiny XCP fee as spam protection.
- Oracles can broadcast text and numerical values to settle bets. Not much used.
- Bets between two parties can be matched such that an oracle decides the outcome at an agreed upon time. Not much used.
- Require Memo On/Off (address rejects any incoming transaction unless a text memo is attached, under development, very useful for exchanges)

* * *

I’m open to the idea of a smart contract VM, but hard coded features may be the safest, most stable approach after all.

Maybe a roadmap where we aim to upgrade CP with new features every six months is the way forward?

Some features I’d like are:

- [Instant Lottery](https://forums.counterparty.io/t/cip-draft-instant-lottery/3020) (automated oracle and player)
- Pooled Lottery (can send asset to a contract address, it at block X sends everything back to one lucky winner)
- Booster Card Pack (random or fixed)
- Asset-BTC Swap (Alice gives Bob X blocks to transfer BTC in return for asset; improvement over BtcPay)
- Asset Ownership Auction
- Subasset Marketplace (owner of alphabetic asset opens up subasset registration to anyone in exchange for a fee)
- Subasset Namespace Limitations (owner of alpha asset irrevocably limits the subasset space not to allow upper case, lower case, number, special cars, and/or puts a max length)

Any other features you would like?

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