openPR Logo
Press release

ETH93 Smart Contract Launches For Ethereum

10-30-2017 08:52 AM CET | IT, New Media & Software

Press release from: ETH93

A unique lottery 'ETH93' has launched for the Ethereum blockchain, which has the unusual feature of giving 5% of ticket sales to a reputable charity and 93% of ticket sales to each winner. According to the founder, this is the first decentralized app for Ethereum that gives a portion of revenue to a charity, and offers the advantage of being entirely transparent and provably fair. ETH93 was in development and testing for several weeks before first going live in October 2017.

ETH93 is running one lottery per day and gives no limits to how many tickets can be purchased. As such, the more popular each lottery is, the greater the jackpot but the lower the chance of winning. Lotteries are run by a number of 'smart contracts' that handle ticket purchases, distribute funds to winners and generate random numbers that determine the winner of each lottery. All smart contract code is written in the Solidity programming language and is entirely open source, allowing users with technical knowledge to view exactly how ETH93 lotteries are run and verify lotteries are indeed fair with winners picked entirely at random by an automatic process. The ETH93 smart contract can also be viewed to confirm 5% of ticket sales are indeed being donated to a charitable address. According to the ETH93 founder, such transparency would not be possible without running lotteries on Ethereum.

Of note is that as ETH93 runs on Ethereum, no ordinary fiat currency is exchanged. Rather, 'Ether' - the currency of the Ethereum blockchain - is used to buy tickets and pay winners. Tickets cost 0.01 Ether each, which is roughly equivalent to $3 USD at the time of writing. Ether is also used to contribute to the charity of choice for ETH93, Heifer International (Heifer is a global nonprofit and is not affiliated with ETH93 in any way). Heifer International is currently one of the few large global nonprofits with an Ethereum donation address, allowing the ETH93 smart contract to contribute automatically at the end of each daily lottery.

Those interested in learning more about ETH93 lotteries are invited to visit http://eth93.com. While the website provides information on the service (as well as statistics for the current lottery if the users browser is connected to the Ethereum mainnet through a plugin like MetaMask for Chrome), all lotteries are run entirely on the Ethereum blockchain, and thus lotteries are entirely decentralized. Participating in a lottery is also very easy for users who own Ether by simply transferring Ether to the ETH93 smart contract at address 0xdd2ee38f9993c0bc1c1b5b9798bc4deff66cac4a. Transferring 0.05 Ether to the ETH93 contract, for example, will give the user 5 tickets for that days lottery.

ETH93 is a decentralized smart contract running on the Ethereum blockchain, which automatically runs one lottery a day and gives a portion of proceeds to charity. All source code is public.

ETH93
James Miller
contact@eth93.com
625 Fifth Avenue South, Seattle, USA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ETH93 Smart Contract Launches For Ethereum here

News-ID: 791237 • Views: 387

More Releases for Ether

Widespread use of Dimethyl Ether as a Non-Petroleum based Alternative Fuel | Dim …
Majority of the DME manufactured these days is an end-product of two-step process where the first step involves methanol generation with the help of natural gas or coal being used a feedstock. And the second step involves dehydration of methanol for the production of DME. Dimethyl Ether has the potential of replacing diesel in the conventional engines with small modifications that need to be made in the fuel injecting systems.
Ethyl Ether Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/ethyl-ether-market/79724 Ethyl Ether Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Ethyl Ether basics: definitions, classifications, applications and market overview; product
Polyperfluoromethylisopropyl Ether Market Progress Research 2018-2023
Future Market Reports on Global Polyperfluoromethylisopropyl Ether 2018 Research Report presents a professional and complete analysis of Global Polyperfluoromethylisopropyl Ether Market on the current market situation. The Global Polyperfluoromethylisopropyl Ether Market 2018 report includes Polyperfluoromethylisopropyl Ether market Revenue, market Share, Polyperfluoromethylisopropyl Ether industry volume, market Trends, Growth aspects. It analyses the important factors of the Polyperfluoromethylisopropyl Ether market based on present industry situations, Polyperfluoromethylisopropyl Ether market demands, business strategies utilized
Ether Market - Global Forecast to 2025
IndexBox has just published a new report "World: Ethers - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-ethers-market-report-analysis-and-forecast-to-2020/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work in
Global Dimethyl Ether Market Research Report 2017
Report Hive Market Research Released a New Research Report of 116 pages on Title "Global Dimethyl Ether Market Research Report 2017" with detailed Analysis, Forecast and Strategies. In this report, the global Dimethyl Ether market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into
Cellulose Ether Market - Global Industry Analysis 2024
Cellulose ether is produced from refined, short cotton fibers or wood fibers. Cellulose ether is a water-soluble polymer, which has high molecular weight. It is produced through the chemical modification of cellulose. Cellulose ether has several characteristics such as water solubility, surface activity, binding, water retention, pH stability, and emulsification. These properties differ on the basis of the type of cellulose used for the production of cellulose ether. The manufacturing