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Uniting blockchain innovation with the raffle industry: An interview with The Prize team
The raffle industry has long been plagued by a lack of transparency and security. However, all of that is about to change thanks to The Prize, a groundbreaking platform that combines the success of Web2 competition platforms with the trustworthiness of blockchain technology.
AMBCrypto had the opportunity to sit down with the team behind The Prize and learn more about their innovative approach to the raffle industry.
The first thing we wanted to know was how they planned on ensuring transparency throughout the process. Their answer was simple: by using only the most advanced RNG protocol, Chainlink VRF. This game-changing technology enables them to deliver mathematically random, provably fair draws that are publicly accessible through a transaction hash.
But that’s not all – The Prize has also developed their own RNG tool that users can utilize directly on their website. By simply connecting their wallets and generating random numbers, users have the power to experience for themselves the level of transparency and fairness that The Prize is committed to providing.
In terms of prize distribution, once a winner has been chosen and verified, a member of the team will reach out to arrange the payout or delivery of their physical prize. In some cases, if the player has saved their correct chain wallet address in their account section and the prize is in crypto, the distribution process can be automated instantly without any need for human intervention.
The Prize also has big plans on the horizon. As part of their roadmap, they will be releasing a new Telegram raffle bot in January that will allow users to play their “Safe Smash” game by breaking virtual safes with screen taps and taking the loot inside. Players can then trade these rewards for competition entries. And, as an added bonus, users will be able to enter competitions directly from their Telegram account via their bespoke raffle bot API’d into their platform.
All of this is not just about creating a more enjoyable experience for users – it’s also about streamlining the industry and making it more honest. It seems that The Prize is well on its way to achieving these goals, and we can’t wait to see what the future holds for them.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: ambcrypto.com
