How SlashToken Leverages Pyth Network to Revolutionize Onchain Draws

SlashToken Draw is on a mission to revolutionize the way crypto airdrops and giveaways take place. Pyth Network helps to realize this mission.

A transparent way to conduct draws on blockchain

With an emphasis on transparency, automation, and ease-of-use, Draw sets a new standard to run draws on the blockchain.

With SlashToken Draw, crypto teams can conduct provably-fair draws and automatically send rewards (tokens or NFTs) to draw winners. In a seamless, one-step operation.

By automating the distribution of rewards and ensuring the fairness of the draw process through onchain randomness, SlashToken Draw provides a trustworthy platform for all types of onchain draw activities.

Why onchain draws matter

Conducting onchain draws ensures that winner selection and reward distribution can be verified by anyone. This is especially crucial in the crypto industry, where trust is challenging to earn given the abundance of scams and frauds.

For crypto community managers and NFT influencers, using SlashToken Draw is a game-changer. It allows them to run token or NFT giveaways that everyone can trust. This transparency can attract more people and increase participation.

Most importantly, it helps boost the credibility and reputation of their projects. In a space where trust is hard to come by, this can turn out to be a a significant competitive advantage.

Pyth Entropy. A catalyst to onchain randomness

To guarantee randomness on winner selection, SlashToken securely integrates with Pyth Entropy, the Web3 innovator in onchain randomness.

Thanks to our integration with Pyth Entropy, SlashToken Draw ensures transparent and provably-fair draw results, while eliminates human intervention and manipulation.

A great advantage of Pyth Entropy is that it enables developers to quickly and easily generate secure random numbers on the blockchain. The Entropy protocol is an extension of a classical commit/reveal protocol, however Pyth Entropy implements a version of this protocol that is optimized for onchain usage.

Pyth Entropy is the onchain randomness provider for SlashToken Draw on Base, Chiliz, Arbitrum, and Blast chains. More chains will be integrated in the near future.

👉 Haven’t tried SlashToken Draw yet? Visit SlashToken.io and start running your token/NFT trusted, onchain draws.

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