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DeHub Makes History by Announcing New $1M NFT Lottery – Press Release Bitcoin News
press release
PRESS RELEASE. As inflation increases and opportunities begin to diminish, an increasing number of individuals worldwide are turning to raffles, lotteries and other gambling endeavors as their only means of escape. The problem is that it is not possible to prove beyond any doubt that anyone on the market is legitimate. A raffle is a method of raising money by selling numbered tickets, one or more of which are drawn at random, with the winner or winners receiving a prize. As such, DeHub has recently announced they have built and launched a provably fair and on-chain NFT lottery protocol using Chainlink VRF (Verifiable Random Function) through the world’s very first million dollar NFT lottery. Not only do players finally get the transparency they deserve, even losing ‘NFTickets’ still provides utility and access to DeHubs d’apps.
What is there to know about DeHub’s raffle?
Entering the raffle costs just $11 (BUSD) and entrants have a chance to win a $1 million home (or equivalent value in stablecoins) in the UK. This is actually the world’s first house lottery based on blockchain technology, which also means that it is provably fair, verifiable and transparent.. This is important because more often than not, the vast majority of lotteries and other types of prize draws based on events turn out to be scams and participants usually lose their money and most do not get their money back either. Raffal.com reported that it sold over 3.5 million tickets in the last 18 months through 65 home raffles, but only 17 changed hands. So far, DeHub has already sold over 100 ‘NFTickets’ for the first house to be raffled off, which is part of an 8-figure real estate portfolio that the team is also in the process of generating capital towards through direct liquidations and groundbreaking, provably. fair and random draws.
Why is the raffle important?
Every year, millions of individuals in the UK fall victim to tombola scams. It is an unregulated industry that preys on the most vulnerable. As inflation further impoverishes the working and middle class, a growing number of people will have no choice but to turn to these lotteries out of desperation as they may see no other way out of their current financial situation. However, the main issue is that there is no way to prove that a lottery is fair and reliable. To make matters worse, the UK government does not regulate sweepstakes, nor does it have the best track record in the crypto and blockchain industry. DeHub has realized that there is a clear need for a raffle that is not only profitable, but one that is also reliable and trustworthy. By hosting a $1 million fair lottery using NFTs and Chainlink’s verified random feature, DeHub is thus also solving a major problem in the world, while invigorating the industry and providing an innovative use case for blockchain technology and NFTs -is.
About DeHub
DeHub strives to be the blockchain sector’s premier entertainment and lifestyle hub. By building real-world blockchain integrations to consistently improve user experience and offer improved protection across a wide range of diverse yet interconnected areas, DeHub leverages blockchain technology to build real-world integrations that improve lives globally, while highlighting the importance of technology. The platform’s native token, $DEHUB, can thus be used for various purposes such as accessing d’app features such as gaming arcades or staking, viewing existing content and voting on content funding, renewals and cancellations on their censorship-resistant streaming d’dapp. Users can also use the token or any compatible stablecoin through DeHub’s digital and physical marketplace across the realm to obtain a variety of products that are all secured and tradable as NFTs. Additionally, there are multiple ways to monetize across the platform, including but not limited to play, watch, partner airdrops, engagement, and stakes, with more methods to be added as DeHub continues to develop beta and alpha decentralized applications (dApps).
For more information and regular updates, be sure to check out DeHub’s official website as well TwitterTelegram and Discord channels.
This is a press release. Readers should do their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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