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PRESS RELEASE. As inflation soars and opportunities begin to dwindle, increasing numbers of individuals around the world are turning to raffles, lotteries, and other games of chance as their only means of escape. The problem is that there is no way to prove beyond doubt that some on the market are legit. A raffle is a method of raising funds by selling numbered tickets, one or more of which are then drawn, with the winner or winners receiving a prize. As such, DeHub has recently announced they have built and launched an NFT raffle protocol that is proven fair and on-chain using Chainlink VRF (verifiable random function) through the world’s first ever million dollar NFT raffle. Not only do gamers finally get the transparency they deserve, even the loss of “NFTickets” still provides utility and access to DeHub’s apps.
What should I know about the DeHub raffle?
It costs just $11 (BUSD) to participate in the raffle, and participants have a chance to win a $1 million house (or equivalent value in stablecoins) in the UK. It’s actually the world’s first in-house raffle based on blockchain technology, which also means it’s fair, verifiable, and transparent. This is important because more often than not the vast majority of raffles and other types of event-based sweepstakes turn out to be scams and participants usually lose their money and most don’t get their funds back either. Raffal.com reported selling over 3.5 million tickets in the last 18 months across 65 home draws, but only 17 hands traded. So far, DeHub has already sold over 100 “NFTickets” for the first raffle home, which is part of an 8-figure real estate portfolio against which the team is also in the process of raising capital through direct liquidations and pioneering, proven fair and random raffles.
Why is the raffle important?
Every year millions of people in the UK fall victim to raffle scams. It is an unregulated industry that preys on the most vulnerable. As inflation further impoverishes the working and middle classes, a growing number of people will have no choice but to turn to these raffles in desperation, as they may see no other way out. their current financial situation. However, the main problem is that there is no way to prove that a raffle is fair and reliable. To make matters worse, the UK government does not regulate sweepstakes nor does it have the best track record with the crypto and blockchain industry. DeHub realized that there is a clear need for a raffle that is not only profitable, but also trustworthy and reliable. By hosting the $1 million on-chain fair raffle using NFTs and Chainlink’s verified random feature, DeHub is therefore also solving a major problem in the world while simultaneously breathing new life into the industry and providing an innovative use case for blockchain technology and NFTs.
DeHub strives to be the leading entertainment and lifestyle hub in the blockchain industry. By creating real-world blockchain integrations to constantly improve user experience and provide enhanced protection across a wide range of different but interrelated areas, DeHub leverages blockchain technology to create real-world integrations that improve lives on a global scale while highlighting the importance of technology. The platform’s native token, $DEHUB, can thus be used for a variety of purposes such as accessing application features such as arcades or staking, viewing existing content, and voting on funding. of content, renewals and cancellations on their resistance to dapp’s streaming censorship. Users can also spend the token or any compatible stablecoin through DeHub’s cross-domain digital and physical marketplace to get a range of products that are all secure and tradable as NFTs. Additionally, there are multiple ways to earn on the platform, including but not limited to playing, watching, partner airdrops, engagement, and staking, with more methods to be added as DeHub continues to develop beta and alpha decentralized applications (dApps).
For more information and regular updates, be sure to check out DeHub’s official website as well as the TwitterTelegram and Discord channels.
This is a press release. Readers should exercise due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image credits: Shutterstock, Pixabay, Wiki Commons
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