In the era of digital technology and blockchain, projects based on NFT are becoming increasingly popular. However, with this growth come new challenges. One of these challenges is the organization and conduct of raffles among project participants. This problem is addressed by a project called "WhitelistRaffle".
- Collectors and Creators of WhitelistRaffle
- How the NFT project works and its features
- Blockchain technology of the platform
Collectors and Creators of WhitelistRaffle
WhitelistRaffle is a platform that offers a unique solution for conducting raffles within NFT-based projects. The main idea of the project is to create a fully decentralized system that ensures transparency and fairness in raffles.
The platform offers two main types of participants:
- Collectors;
- Creators.
Collectors are participants who take part in raffles. Creators are participants who create and manage raffles. To access the collector and creator pages, you need to connect your wallet.
How the NFT project works and its features
The process of working with WhitelistRaffle is quite simple. You need to follow a few simple steps.
| Step | Description |
|---|---|
| Step 1 | Connect your wallet. |
| Step 2 | Create a new raffle. |
| Step 3 | Activate your raffle. |
| Step 4 | Share the raffle page with your community. |
| Step 5 | Wait for the community to participate in the raffle. |
| Step 6 | Close the raffle at the set time. |
| Step 7 | Initiate the "Draw" operation. |
| Step 8 | Confirm the raffle operation. |
The entire process is controlled through a smart contract, which ensures security and reliability.
WhitelistRaffle offers a range of innovative features. One such feature is the use of an "on-chain" parameter to ensure transparency and fairness of the results. This avoids the use of "off-chain" methods such as Merkle Trees or Oracles for random number generation.
In addition, the system is protected against bot attacks. Entry into any raffle is always free, but to prevent bot attacks, participation requirements can be set, such as having a certain number of ERC-20, ERC-721, or ERC-1155 tokens.
Blockchain technology of the platform
This process ensures that randomness is "almost secure" and cannot be manipulated.
Overall, WhitelistRaffle offers a unique and innovative solution for conducting raffles within NFT-based projects. It improves the participation process in these projects and ensures transparency and fairness in raffles.