Lotteries have been a popular pastime for years, but they come with limitations. PolyLegends, a crypto lottery on the Polygon blockchain, offers a modern, transparent, and fair alternative. Here’s how it compares to traditional lotteries.
Traditional Lotteries
How They Work
Participants buy tickets with random numbers. Draws are held at scheduled times, and winners are chosen based on matching numbers. Prizes can range from small amounts to large jackpots.
Limitations
- Transparency Issues: The drawing process can be opaque, leading to fairness concerns.
- Geographic Restrictions: Often limited to certain regions or countries.
- High Costs: Administrative expenses reduce the prize pool.
- Regulatory Hurdles: Requires personal information and registration.
- Delayed Payouts: Bureaucratic delays can slow down prize distribution.
PolyLegends: A Revolutionary Lottery
How It Works
PolyLegends uses the Polygon blockchain, where participants purchase NFT tickets for Bronze, Silver, or Gold lotteries. Each lottery has 100,000 NFTs, and the winner is determined by the last five digits of the block hash. This block hash comes from the transaction in which the last NFT is claimed.
Advantages
True Randomness and Fairness
The winner is chosen based on the block hash, ensuring fairness and eliminating manipulation.
Transparency and Traceability
All transactions are publicly verifiable on the blockchain, ensuring transparency.
No Geographic Restrictions
Accessible globally to anyone with an internet connection and a crypto wallet.
Privacy and No Registration Required
No need for registration or personal information, ensuring privacy and security.
Flexible Ticket Transfer
NFT tickets can be transferred to others until all 100,000 are claimed.
Fair Chance of Winning
Each lottery offers a 1 in 100,000 chance of winning, providing equal opportunities for all participants.
Conclusion
PolyLegends offers a fresh, modern take on lotteries with its emphasis on transparency, fairness, and global accessibility. Join PolyLegends today and take your chance at winning up to a 3,000,000 MATIC jackpot!