BillionAir: Second best blockchain-based entertainment platform

Mathematicians have often discouraged people from entering the traditional lottery by saying that you are more likely to be struck by lightning than actually hitting the jackpot. Some might think that is an exaggeration, but the math says otherwise.

Traditional lotteries today face several challenges with accessibility and trust

Various mechanics in traditional lotteries are not player friendly. For example, traditional lotteries do not allow people to increase their odds of winning even if they play more often. In other words, a person who gets one lottery ticket every day of their life has practically the same odds of winning as a person joining for the first time.

The convenience of accessing traditional lotteries is also an issue. Currently, lotteries are geo-locked, meaning that a person from South Africa can only enter the Powerball lottery if they have a friend in the United States. This creates geographic restrictions for people interested in participating in more popular or reliable lotteries.

Today’s lottery systems are also centralized, which requires participants to have confidence in the authority that runs the lottery. These entities may be private parties or governing bodies, but the problem remains the same; individuals have no way to verify the actual procedures that take place behind the scenes of these systems.

Although the current systems are not trustless, the fact is that the authoritative figure would do his part to verify and audit the lottery. But of course this audit isn’t free, which is why lottery winnings are subject to exorbitant taxes and other deductions. A recent example is the record $2.04 billion Powerball jackpot. The winner walked away with just $997.6 million after deductions.

Blockchain presents the potential to create completely trustless systems

The increased use of blockchain today shows the potential to correct many of the problems we previously addressed with today’s lottery systems. The immutability and verifiability of the technology turns out to be something that today’s lottery systems lack.

NFTs also provide a fair and efficient way to purchase tickets, with the technology fundamentally changing how we interact with objects outside the token sphere. This solves the problem of a lost or tampered lottery ticket. Also, since the blockchain is virtually unalterable, lottery companies can win back players’ trust, potentially targeting a larger market or audience. Since the middlemen are cut out, the jackpot prize that the winner can take home has almost no deductions.

So if blockchain provides a viable solution to creating provably fair lottery systems to exploit its full potential, are there any current projects that do?

BillionAir presents the Raffle 3.0 solution

BillionAir describes itself as the first token-driven raffle ecosystem that leverages the decentralized capabilities of blockchain to cultivate global participation and prize payouts to winning entrants. Its vision is to develop a sustainable ecosystem that lasts, grows and evolves while having a positive net impact by bringing value to investors and players and giving more than it gets.

Within the platform, BillionAir users can quickly check the integrity of the raffle due to the platform’s provably fair gameplay, thanks to the blockchain.

BillionAir also addresses the issue of player-antagonistic winning odds. First, the lottery encourages players to make multiple entries. Secondly, the platform has various features such as bonuses, multipliers, bets and whitelists. In addition, rewards are given to those who invite other players to join via a token-based affiliate program, increasing the chances of hitting the jackpot.

These features are made possible by using BillionAir’s BEP-20 token AIRB for fast and cheap transaction times and settlement costs. In addition, lottery tickets are also issued as NFTs to prevent duplication or discrepancies.

Apart from digital assets, such as coins and NFTs, other prizes up for grabs in BillionAir lotteries include physical – and highly coveted – items such as luxury cars, designer goods and modern devices, as well as other rewards such as holiday packages, concert tickets, exclusive meetings with influential personalities and more.

The BillionAir team is composed of incredible talents who are highly capable of realizing their vision. Moreover, the team has partnered with leading law firms to provide a legal and fully transparent lottery platform for users. Furthermore, they have published detailed documents to explain their solution.

For further information, users can refer to the whitepaper here. Those who want a more concise explanation can read this presentation instead. Otherwise, this is the official website: