Project overview
The Problem:
In the traditional world of gambling and raffles, issues of transparency and fairness are prevalent. Participants are often left in the dark about their real chances of winning and the distribution of profits. Moreover, the user experience is lacking, with few rewards for loyalty and engagement.
Our Solution:
RaffleCity proposes a decentralized online raffle platform, managed by smart contracts, offering complete transparency through blockchain technology. Participants can clearly see their odds of winning, and profits are primarily redistributed to users in the form of prizes or reinvested in the company. Our offering is divided into three main components:
Company-Organized Raffles: Offering a variety of prizes, from cryptocurrencies to real-world assets, ensuring fair redistribution of winnings.
User-Created Raffles: Democratizing the process by allowing users to create their own raffles, thus providing them with an additional revenue stream.
Instant Mini-Games: Besides raffles, mini-games based on smart contracts offer instant winnings. Players always win something, whether it's a major prize or PRZE tokens to participate in other games for free.
Technological Innovation:
By leveraging blockchain and smart contracts, we ensure a platform that is completely transparent and secure. Our technology not only guarantees the fairness of the games but also offers an unprecedented user experience with substantial gains and rewards.
Business Model:
Our model is designed to be sustainable and profitable, with a portion of the profits reinvested into monthly jackpots, marketing support, and operational costs of the company. This structure not only ensures the growth and longevity of RaffleCity but also constant added value for our users.
Loyalty Card NFT:
We innovate in user loyalty with a loyalty card in the form of an NFT, offering exclusive content and increasing benefits based on the level. This tradable card adds an extra layer of flexibility and value for the user.
Seasonal Structure
Season 1 introduces "Warm UP," setting the foundation for RaffleCity's gaming experience.
Season 2 and beyond will see the expansion of our platform's offerings, including user-created raffles and a broader range of games, enhancing the platform's diversity and vibrancy.
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