Ryts is a decentralized raffle platform based on Ethereum smart contracts. It uses and incorporates the cutting edge benefits and features of smart contracts, blockchain technology and random number generation to provide an honest and totally transparent gambling experience to all people across the world.
WHAT IS THE IDEA BEHIND THE PROJECT?
Ryfts first goal is to build a decentralized raffle game that can be fully trusted and can run independently without any house involvement. We plan to give real odds to players and not just a promise of big rewards. Also, we believe that blockchain is a game changer for gambling industry and that no player should continue playing old, rigged, systems. That’s why we plan to target
HOW IS RYFTS DIFFERENT FROM THE ALTERNATIVES
Ryfts differs from conventional lottery systems by implementing a variety of refreshing and convenient game models opposed to only one fixed model that’s used by traditional lotteries. In this way, it provides the players with unmatched flexibility in choosing and knowing how much they want to bet, how many players they’re going to compete against and for how long they’re going to wait for the delivery of the prizes while keeping it all as simple, transparent and accessible as possible. Currently there is no real raffle built upon blockchain, only the lottery systems that are not really decentralized. We plan to build a game that is simple to use and most importantly with eye catching graphics and animation that will attract even broader audience.
WHAT IS THE UTILITY OF THE RFT TOKENS?
RFT token serves as a ticket purchasing medium to participate in raffle draws. It also serves as an accumulative mean for rewarding certain RFT token holders with special privileges represented in holding premium accounts and participating in weekly free draws.
ADVANTAGES & ASPECTS OF RYFTS
We offer all players a generous degree of control over the odds they want to play against.
All winnings are guaranteed to be paid out in ETH instantly after the game. Payments are also tax-free.
We value our frequent players, that's why we offer them a ranking mechanism through which they can get numerous free rolls.
Public verifiability is not required for the functioning of the system. You can stay anonymous.
There is no one in control of the database. You can play from anywhere too.
Anyone can verify the correctness of the state of the system (bets and winnings). All code is publicly accessible.
You are always in control of your funds. They can't be counterfeited by any party since no one owns the database.
- We want to build a decentralized raffle platform where:
- Anyone from anywhere can always play.
- Games provide the players with their desired odds.
- Refreshing and fun game models are offered.
- The house can be trusted by using cutting edge technology.