Every participant deserves an equal chance to win and that's why fairness and transparency are at the core of our raffle process. To ensure that every ticket has an equal chance of winning, we’re leveraging blockchain technology. By using Ethereum smart contracts and non-fungible tokens (NFTs), we create an immutable, verifiable system that leaves no room for doubt.

What is Blockchain Technology?

Blockchain is a digital ledger that records transactions in a secure, transparent, and decentralized manner. Each transaction is grouped into blocks, which are then linked together in a chain(that's where we get blockchain from; interesting, right?). This technology makes it nearly impossible to alter or tamper with recorded data, ensuring complete integrity.

Understanding the Technology

• Ethereum:
  Ethereum is a popular blockchain platform that supports smart contracts. It allows us to build decentralized applications (dApps) that run exactly as programmed without any downtime, fraud, or interference.

• Smart Contracts:
  Smart contracts are self-executing agreements with the terms directly written into code. They automatically enforce rules and execute transactions when predetermined conditions are met(an example would be the minting/creation of your ticket(in form of an NFT) when you buy it). We use smart contracts to manage the entrries, ticket allocation through minting, and winner selection, ensuring that the process is impartial and transparent.

• NFTs:
  NFTs are unique digital assets verified using blockchain technology. Unlike cryptos, which are identical and interchangeable, NFTs are one-of-a-kind. We are using NFTs to represent individual tickets, making sure each entry is unique and verifiable. By using NFTs, we create a transparent and immutable record of each entry. This gives you piece of mind; no ticket is duplicated or tampered with.

How This Technology Ensures Fairness

1. Immutable Record-Keeping:
   Every ticket entry and transaction is recorded on the blockchain. Once a record is added, it cannot be altered, ensuring a tamper-proof process.

2. Automated Winner Selection:
   The smart contract automatically selects the winner based on predefined criteria. This eliminates human error or bias, guaranteeing a fair and random selection process.

3. Public Verification:
   Because all transactions and records are stored on the blockchain, anyone can verify the integrity of the raffle. This level of transparency builds trust among participants.

Conclusion

Our raffle leverages Ethereum smart contracts and NFTs to create a secure, transparent, and fair process for selecting a winner. By using these advanced blockchain technologies, we ensure that every ticket is treated equally and that the entire process is open for public verification.