What is
ErgoRaffle is a decentralized crowdfunding and lottery platform on Ergo with provably fair randomness and transparent, automated prize distribution.
ErgoRaffle is a decentralized raffle and crowdfunding platform built on Ergo that enables provably fair lotteries and community fundraising. Unlike traditional raffles, ErgoRaffle uses blockchain-based randomness that can be verified by anyone, ensuring fairness. Smart contracts automatically distribute prizes when conditions are met, eliminating the need to trust organizers. The platform is used for community fundraising, charity events, and entertainment, demonstrating Ergo's capability for transparent, trustless applications.
Community fundraising campaigns
Charity and donation drives
Fair lottery and prize drawings
Demonstrating trustless application design
ErgoRaffle uses blockchain-based randomness derived from block headers, making outcomes unpredictable but verifiable after the fact. Smart contracts hold ticket sales and automatically distribute winnings when the raffle concludes. The contract logic ensures organizers cannot manipulate outcomes or withhold prizes. Tickets are purchased with ERG, and the platform takes a small fee for operation.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Both use eUTXO, but differ in consensus and philosophy. Ergo: PoW (Autolykos), fair launch, no VC funding, storage rent. Cardano: PoS (Ouroboros), VC-funded, larger ecosystem. Ergo prioritizes decentralization and sustainability; Cardano prioritizes academic rigor and institutional adoption.
Ergo miners earn from three sources: block rewards (newly minted ERG), transaction fees, and storage rent. Block rewards decrease over time according to the emission schedule, but storage rent ensures long-term income even after all ERG is mined. Most miners use pools for consistent payouts.