The world's first decentralized raffle for 1000 ETH

OneEtherOneEther Member Posts: 7
We've seen the painful failures in the past when it comes to centralized markets. BitLotto anyone?

One.Thousand changes it all now. See the full release notes here as to why it all works and why it was made.

How it works

Tickets are bought through a contract that's provably fair and publicly auditable. Every thousand tickets, one is drawn at random and the winner receives 1000 ETH.

Why we're better

It lives on the freaking blockchain. The code is public. It's completely decentralized and that means complete transparency, immunity to DDOS, immunity to exit scams, and much more. It doesn't get better than this!

Pricing

1-4 Tickets: 1.150 ETH

5-9 Tickets: 1.100 ETH

10-24 Tickets: 1.050 ETH

25+ Tickets: 1.025 ETH

How do we decide who wins?

The winner is decided using three key elements:

1. A *server secret* of which the hash is revealed beforehand. We have 24 hours upon the termination of a round to reveal the server secret; otherwise everyone gets their money back.
2. A *client secret* which is updated each time a transaction is sent *within a round*. Once the round ends, this is set in stone.
3. The blockhash of the block following the round. This is also set in stone upon the end of a round.

We can't cheat you because we can't easily modify (2 and 3). You can't cheat us because you don't know (1). It's to our advantage to pay you to keep the contract running.

Where's the source code?

It's in the release notes.

Also github: https://github.com/OneEther/OneThousand




But we need you. All of you. The price of Ethereum's been going through some tough times lately, and we need to show the world exactly what Ethereum can do that other cryptos can't. So let's show the world how to run a truly decentralized raffle with the best crypto around! Let's try to finish a round and make history.

If you're a blog writer or press, contact us on FB/Twitter/Email and we'd be happy to help in any way we can.

http://oneether.com/thousand

Sidenote: OneEther has removed all logins for ALL services. No need to enter addresses to use anything.

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