TrueFlip is an international anonymous Blockchain lottery with instant payouts, open source code and a transparent prize fund.
The Token Crowdsale will begin on June 28 and will last 30 days – or until all tokens are sold, at a fixed price of 0.0005 BTC for one TFL.
Harnessing Blockchain technology for a transparent lottery
TrueFlip’s goal is to become the most popular and transparent Blockchain lottery, open to anyone and offering the biggest jackpot in the world.
Most of today’s lotteries are centralized or held by governments and therefore lack transparency. A large number of issues involving prize distribution and fairness of raffles are observed regularly in this industry.
TrueFlip’s goal is to solve these issues by providing a decentralized, fair and audit-friendly lottery platform. It is creating a more inclusive environment in which power shifts from the organizers to the lottery players.
This prowess is achieved by leveraging Blockchain’s capabilities. On the TrueFlip platform, the drawing of the winning lottery numbers is based on the random hashes of Bitcoin’s blocks. The code behind it is open source and available on GitHub.
All the other lottery processes such as the ticket purchase, the prize fund composition or the prize distribution are planned to be decentralized in the future, by also transferring them onto the Blockchain.