Fun

DeHub Makes History By Announcing New $1 Million NFT Raffle

News Feed - 2022-08-04 08:08:19

DeHub Makes History By Announcing New $1 Million NFT Raffle press release


PRESS RELEASE.As inflation soars & opportunities begin to diminish, an increasing number of individuals all over the world are turning to raffles, lotteries & other gambling endeavors as their only means of escape. The problem is, there is no way to prove beyond any doubt that any on the market are legitimate. A raffle is a method of raising funds by selling numbered tickets, one or more of which are then drawn at random, with the winner or winners receiving a prize. As such, DeHub has recently announced they have built & launched an NFT raffle protocol that is provably fair and on chain utilizing Chainlink VRF (Verifiable Random Function) through the world’s very first million dollar NFT raffle. Not only do players finally get the transparency they deserve, even losing ‘NFTickets’ still provide utility and access to DeHub’s d’apps.


What’s there to know about DeHub’s raffle?


Entering the raffle only costs $11 (BUSD) and participants stand a chance of winning a $1 million home (or equivalent value in stablecoins) in the United Kingdom. This is in fact the world’s inaugural house raffle 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 raffles and other types of prize draw-based events turn out to be scams and the participants usually lose their money and most don’t get their funds back either. Raffal.com reported it sold over 3.5m tickets in the last 18 months across 65 home raffles, yet only 17 exchanged hands. So far, DeHub has already sold over 100 ‘NFTickets’ for the first house being raffled, which is part of an 8-figure real estate portfolio that the team is also currently in the process of generating capital against through direct liquidations and pioneering, provably fair and random raffles.


Why is the raffle important?


Every year, millions of individuals in the United Kingdom fall victim to raffle scams. It is an unregulated industry that preys on the most vulnerable. As inflation further impoverishes the working and middle classes, a growing number of people will have no choice but to turn to these raffles out of desperation since they may not see any other way out of their current financial situation. However, the main issue is that there is no way to prove that a raffle is fair and reliable. To make matters worse, the U.K. government does not regulate raffles and it does not have the best track record with the crypto and blockchain industry either. DeHub has realized that there is a clear need for a raffle that is not only profitable, but one that is also trustworthy and dependable. By hosting the $1 million fair on-chain raffle using NFTs and Chainlink’s verified random function, DeHub is hence also solving a major problem in the world while simultaneously breathing new life into the industry and providing an innovative use-case for blockchain technology and NFTs.


About DeHub


DeHub strives to be the blockchain sector’s premier entertainment and lifestyle hub. By building real-world blockchain integrations in order to consistently improve user experience as well as offer enhanced protection across a wide range of different yet interrelated areas, DeHub is harnessing blockchain technology to build real world integrations that enhance lives globally while highlighting the importance of the 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, watching existing content and voting on content funding, renewals and cancellations on their censorship resistance streaming d’dapp. Users can also spend the token or any compatible stablecoin through DeHub’s cross realm digital & physical marketplace to obtain an array of products which are all secured and tradeable as NFTs. In addition, there are multiple ways to earn across the platform including but not limited to playing, watching, partner airdrops, engagement and staking, with more methods to be added as DeHub continues to develop the beta and alpha decentralized applications (dApps).


For more information and regular updates, be sure to check out DeHub’s official website as well as the Twitter, Telegram and Discord channels.


 


 


  Tags in this story DeHub


This is a press release. Readers should do their own due diligence before taking any actions 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. Bitcoin.com Media


Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Fear of War, Monkeypox Causes Stock and Crypto Markets to Churn While Precious Metal Spike Higher MARKET UPDATES | 2 hours ago Coinbase Partners With World’s Largest Asset Manager Blackrock to Give Aladdin Clients Access to Cryptocurrencies NEWS | 4 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleNational Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay Next articleSpeculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer "Possibility of Economic Loss" Disgraced FTX founder Sam Bankman-Fried (SBF) is attem
Pepe gains 30% in a week as memecoin trading volumes explode
Nancy Lubale5 hours agoPepe gains 30% in a week as memecoin trading volumes explodePepe’s trading volumes tripled over the past week, triggering a strong double-digit rally in the frog-themed memecoin.508 Total views2
Gareth Jenkinson11 hours agoSushiSwap furthers cross-chain functionality with Core integrationSushiSwap brings liquidity pools, cross-chain swaps and its DEX aggregator to the Core blockchain ecosystem.1505 Total views20
Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
White House Backs Crypto Tax Amendment Endorsing Proof-of-Work in Infrastructure Bill
White House Backs Crypto Tax Amendment Endorsing Proof-of-Work in Infrastructure Bill The White House has endorsed an amendment to the $1 trillion Infrastructure
Ana Paula Pereira8 hours agoSolana’s Cardinal shuts down, citing economic conditionsAccording to the protocol’s closing schedule, part of the operations will cease on July 19, while the withdrawal period ends on Aug.
Turkish Misyon Bank moves into digital assets with Taurus
Helen Partz12 hours agoTurkish Misyon Bank moves into digital assets with TaurusCredit Suisse-backed Taurus will provide the Turkish neobank Misyon with tools to enable digital asset custody and tokenization services.124
Turner Wright10 hours agoSEC delays set deadlines for Bitcoin ETF approval to early 2024With a maximum 240-day window available to the SEC to delay crypto ETF applications, some firms could wait until March 2024 to hear
FTX to add over $1B to cash stack after court approves Anthropic sale
Jesse Coghlan3 hours agoFTX to add over $1B to cash stack after court approves Anthropic saleAnthropic’s latest reported valuation is $15 billion, raising the value of FTX’s nearly 8% stake to over $1 billion that co
Blockchain and Cryptocurrency Is ‘Here to Stay and Impossible to Regulate at Large’ — CEO of a United Arab Emirates Based Bank
Blockchain and Cryptocurrency Is "Here to Stay and Impossible to Regulate at Large" — CEO of a United Arab Emirates Based Bank According to the chief executive officer (CEO) of t
Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend
Este artículo también está disponible en español. Worldcoin’s recent failure to breach the $2.15 resistance level has put the token under renewed bearish pressure, leav
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap
Luna Foundation Guard Launches to Support UST Peg as Stablecoin Blows Past $11B Market Cap The Luna Foundation Guard, a new decentralized organization developed to support the Luna