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Uniting blockchain innovation with the raffle industry: An interview with The Prize team
As the cryptocurrency and blockchain space continues to evolve, innovative projects are emerging that seek to revolutionize various industries. One such project is The Prize, a groundbreaking platform that combines the success of Web2 competition platforms with the transparency and trust of blockchain technology.
In an exclusive interview with AMBCrypto, we got the chance to dive deeper into what sets The Prize apart from other raffle and competition platforms, as well as their roadmap for the future.
The first question on everyone’s mind is how exactly does this platform work? How do you ensure transparency behind the scenes for building user trust and security?
Not only is all of our code audited at the highest level and regularly maintained, but we have built the most transparent version of a competition platform that has ever hit the mainstream. We publicize the wallet addresses behind the ticket purchases in comps and limit any one user’s purchase size.
This commitment to transparency is crucial for building trust with users, who need assurance that their participation is fair and secure. And it seems like The Prize is taking this aspect very seriously, as they have also developed their own RNG tool that users can use on their site by simply connecting their wallets and generating random numbers.
The selection process for winners on the platform is equally important. Can you elaborate on how this works?
We use the flawless RNG protocol Chainlink VRF. This enables us to deliver mathematically random, provably fair draws, and we publicize it to our community with a transaction hash.
So, once the winner has been selected through this process, what does the prize distribution process look like?
Once Chainlink has chosen the winning ticket number and we have verified the user, a member of our team will reach out to them to arrange the payout or delivery of their physical prize. In some cases, if the player has saved the correct chain wallet address inside their account section, and the prize is in crypto, the prize distribution can be automated instantly without the need for contact.
So, what lies ahead on your roadmap? Any exciting developments that you’re looking forward to sharing with the community?
World domination. Just kidding, but we are here to change the face of crypto competitions and streamline the industry with our honesty play. As of January, users will be able to play our “Safe Smash” game by breaking safes with screen taps and taking the loot inside. They can then swap these rewards for competition entries.
And last but not least, users will be able to enter competitions directly from their Telegram via our bespoke raffle bot API’d into our platform. This is going to be a game changer in the space and create a seamless way to interact and win prizes from inside the comfort of Telegram.
It’s clear that The Prize has its sights set on revolutionizing the raffle industry, and with their commitment to transparency, security, and innovative gameplay, it will be exciting to see where they take this project.
Source: ambcrypto.com
