Random edge It is a transparent, verifiable random and ultimately fair NFT auction platform, which provides participants with a glorious opportunity. Time and time again, there are stories of individuals creating life-changing wealth through NFT. This type of story usually encourages people to create as many NFTs as possible during the auction/mint, hoping to pan for gold when the images are released. Unfortunately, the competitive environment tends to favor insiders, influencers, savvy programmers, and other people in the know.
Random Edge eliminates these inefficiencies and provides users with a level playing field by prescribing how their auction works and promising one thing: a lucky participant will receive most of the funds collected from the casting activity.
by using Chainlink VRF, Random Edge can provide transparent and verifiable random results that cannot be played. No insiders, no influencers, and no gimmicks. The way it works is simple:
- Users will purchase NFT at a fixed fee per NFT
- They will receive an NFT with a randomly assigned ID
- Once the maximum supply is reached or the time limit is reached, Random Edge will call a function that uses Chainlink VRF to randomly select a minting ID (all on the chain)
- The user with the selected ID will automatically receive most of the ETH collected from the minting event through the auction smart contract
The mission of Random Edge is simple: to establish a level playing field for all participants. Instead of rewarding early contributors, influencers, and insiders, Random Edge decided to create a game that rewards all participants fairly so that everyone has an equal chance of winning. The number of NFTs minted by users is directly proportional to their chance of winning the prize pool. Want higher odds? Cast more NFTs.
Random Edge plans to run a continuous prize pool to meet the needs of users. They will also run multiple prize pools whose prizes are proportional to the price of mint. Some mining pools have lower casting costs and therefore lower bonus payouts, while other mining pools have higher casting costs, leading to higher payouts. These pools will be designed to match the risk appetite of each participant.
Bottom line? Verifiable randomness on the chain.
Random Edge aims to create a new ecosystem that matches risks and rewards in a transparent, verifiable and most importantly fair way.
About random edges
Random Edge is the world’s first on-chain NFT auction platform that uses Chainlink VRF to provide verifiable random results. The prize pool is paid daily.