Fractal
Published in

Fractal

Bitfinex Lottery

Announcing the first winning cohort

How it Works

Let us very briefly explain again how the lottery works.

#1 - Fractal generated a random string, called a secret, and produced a hash of it. We call this hash our commitment.
#2 - The commitment is published and available to everyone. You are able to find it on our Fractal Protocol landing page of the lottery.
#3 - In the lottery system, we combine your email address with the secret and hash the result. The hash is going to be a completely random combination of numbers and letters which will be your lottery ticket! The lottery tickets with the lowest number wins. To make it absolutely transparent, we will publish the list of lottery tickets. Please note, that no personal information is disclosed in any way.
#4 - Now as the first phase of the lottery ended, we will publish the secret. You will then be able to create a hash of your email address with the secret yourself in order to verify the result of the lottery. In other words, you can check your personal lottery ticket by hashing the secret together with your email address and compare the result with the list of all lottery tickets. If you have fulfilled all necessary steps in the typeform you should be able to find your lottery ticket within this list. In addition, you can also verify that we have used the right secret as you have the commitment with which you can compare if the hash of the secret really matches it. Consequently, you can verify the fairness of the lottery as the outcome is transparent.

Winners of the First Round

We have drawn the first 11 winners with verilot, which is based on a randomized selection system that guarantees absolute fairness. Full transparency is one of our core values, which is also why we made our lottery system completely open source.

The commitment we published was:
45a89863d1b5bd3cf185ea8c2199f687a5bed9925001a761c54801dbb9971c99c333c59d92c4e72630c6469d3d474d39f1635d02b19508bf3850362e7e652133

By using the open source verilot package, you can check that this commitment actually matches the secret, which was used in the lottery: 73ddb50a5b5b3e352ce534e0b2b6564c6f6c772b11659ab51668e488fd64c864d140dd0f9236ccfc3c2cc7129730d358e7053a739d2917caee3d36531bd37487

We used this secret together with your mail addresses to create your random lottery ticket. In the following, you can see a list of the lottery tickets and the corresponding random numbers. We will reach out to the winning ticket with the lowest number.

In the file below you can further see the hashes in winning order.

To check whether you have won, you´d need to create a hash out of the secret & your email in order to find the matching one in the list. The first one thereby wins 30k FCL while the other ten win 4k FCL. Congratulations!

Buckle up: The Second Round is About to Start

In case you haven’t done so already, you can still participate within the next 4 days, until 23 July at 2:00 pm UTC. So go ahead and secure your lottery entry to be one of the next 11 lucky winners.

We will create a new secret as well as a new commitment that you can find on the lottery landing page.

Good Luck and thanks for your support!
#TeamFractal

About the Fractal Protocol

Built on Polkadot, Fractal Protocol is an open-source, zero-margin protocol that defines a basic standard to exchange user information in a fair and open way, ensuring a high-quality version of the free internet. In its first version, it is designed to replace the ad cookie and give users back control over their data.

Make sure to:

This article does not include elements of any contractual relationship. This article shall not be deemed to constitute a prospectus of any sort or a solicitation for investment or investment advice; nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.

For the avoidance of doubt, please note that the Protocol has not been fully developed. Any statements made about the Protocol are forward-looking statements that merely reflect Fractal’s intention for the functioning of the Protocol. There are known and unknown risks that can cause the results to differ from the forward-looking statements.

Fractal does not intend to express investment, financial, legal, tax, or any other advice, and any conclusions drawn from statements in this article or otherwise made by Fractal shall not be deemed to constitute advice in any jurisdiction.

Fractal’s intended purpose of the Tokens is to be used as means of payment for the services that will be offered within the Protocol (the “Services”). The purchase, ownership, receipt, or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of Services in accordance with the then-applicable terms of use relating to the Services offered within the Protocol. The Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights, or any other form of participation in or relating to the Protocol, Fractal, Service Providers or any of their corporate affiliates, other than any rights relating to the provision and receipt of Services, subject to the applicable terms, conditions or policies that may be adopted by participants in the Protocol.

--

--

--

Fractal builds real identities and privacy to empower real people. So you can secure, exchange and create value from your data in a decentralized way.

Recommended from Medium

Cybersecurity on a Budget

Secure Your Password!

Are Temporary Emails Illegal? Everything You Need To Know

The First Step To Better Security

Token Listing Announcement: FOTA X Bitget

Havyn: a cognitive assistant for cybersecurity

AWS Reference Architecture: Real-Time and Serverless Self-Service Security Analytics

{UPDATE} Get Word — ?ollect words! Hack Free Resources Generator

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Fractal

Fractal

Empowering and incentivizing users & businesses to exchange data in a privacy-preserving way.

More from Medium

Fractal 2022 Strategy and Roadmap Update

Let’s Join the Dragon War IDO Event on Red Kite — A New Project on Solana Network

📞 AMA: KDG x MONSTER OF GOD📚

Who is HUMAN for? Grants use case: Proof of HUMANity