Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains. Its C-chain is a fast, scalable, and cost-effective Ethereum alternative. It's fully Ethereum compatible and any Ethereum project can easily move the application to Avalanche. Because of its near-instant and cheap transactions, Avalanche provides better functionalities to developers to innovate new decentralized applications. Welcome AVAXINO, a decentralized lottery and games platform built on Avalanche. Avaxino is a decentralized game platform on the Avalanche network. It is mainly focused on lottery-like games. All of the ticket purchases, game results, winners, all of them are publicly viewable on Avalanche Explorer. They are showing tx links for all of the actions on our platform. Full transparency. Avaxino team plans to build many games on Avalanche and they just launched their first lottery game called Randomino. Randomino is a fast-paced lottery-like game. What makes Randomino attractive is that with single ticket purchase a user gets a chance to participate at 4 different lotteries. How To Play There are 4 types of Randomino with the following rewards • Randomino-S: 8 AVAX • Randomino-M: 20 AVAX • Randomino-L: 50 AVAX • Randomino-X: 100 AVAX One Randomino-S lottery pool has 10 participants. So the chance of winning is 1/10. You can buy multiple tickets at the single pool to increase your chance of winning. The ticket price is 1 $AVAX. If you lose at Randomino-S, your ticket will participate at Randomino-M, L and X draw as well. The chance of winning per ticket at Randomino-M is 1/250. In order for Randomino-M to play, 25 S tournaments have to finish. $AXINO token
"One of the question we most receive is: “Why you didn’t release a token?” . We don’t believe that every single blockchain project should have token for itself. For example in Avaxino, you could buy a Randomino ticket with AVAX, and if you are the winner you could retrieve your prize in AVAX. We could have easily done that with a token we created out of thin air. We could sell tickets with $AXINO token. We didn’t chose this path, because there was no need for that. Selling tickets with AVAX is just fine. We believe that tokens should be released only if there is a logical use case for it. AND YES we have a very logical use case for $AXINO token that we will be releasing in the upcoming months."
Posted the Avaxino team.
Currently, the game charges %10 fees and it is used for developing costs and team. However, after launching $AXINO token this collected fees will be distributed among $AXINO token holders. As the application attracts more attention, it will collect more fees and will reward token holders.
Why should you participate at Randomino games? The main reason is that it's fun and very fair lottery game. There is a high chance of winning comparing to traditional lottery games. The second main reason is Airdrop. The team is planning to airdrop 10% of all token supply to first 1000 winners on the Randomino game. Currently, there are 157 winners. It is expected that 1000 winners will be known within next 72 hours. So you still have a chance to be among them. While talking about Airdrop, team is planning to airdrop on two more channels as well. They're running an airdrop for social media community members and you can see the details here. This will run till June 1st.
The third airdrop will go to Avalanche network validators and delegators. (If you show interest on how to become a delegator, please comment below, so the next blog post will be about that)
Hope that this blog post was helpful for you. Tips and likes are appreciated. :)
