SlashToken Draw: The new standard for trusted, onchain draws

Vaggelis Rekkas
SlashToken
Published in
4 min readMar 6, 2024

Conduct provably-fair draws and automatically send rewards — tokens or NFTs — to winners. In a seamless, one-step operation.

SlashToken Draw offers a comprehensive solution for conducting draws on the blockchain, emphasizing fairness, automation, transparency, and ease of use.

By automating the distribution of rewards — be it tokens or NFTs — and ensuring the fairness of the draw process through onchain randomness technologies, SlashToken Draw provides a trustworthy and efficient platform for all types of onchain draw activities.

Draw winners onchain. Improve your credibility and your reputation.

SlashToken Draw helps crypto projects, teams, and influencers to conduct draws and select winners onchain — in the most fair, trusted, and transparent way.

To guarantee randomness on winner selection, SlashToken securely integrates with Pyth Entropy and Chainlink VRF, the Web3 standards in onchain randomness. This way, we ensure transparent and provably-fair draw results, while we eliminate human intervention and manipulation.

Automatically distribute rewards to winners.

One of the key characteristics of SlashToken Draw is that not only ensures transparency in winner selection, but automatically distributes rewards (tokens and/or NFTs) to winners.

Our seamless, one-step operation saves you time, eliminates human errors, and further increases your trustworthiness. Also, our automated reward distribution ensures that the winners receive their prizes instantly, without delay.

Example rewards you can instantly send to draw winners:

  • Reward ETH, BNB, MATIC, AVAX, CHZ, and more native currencies
  • Reward USDC, USDT, and more ERC-20 tokens
  • Reward meme coins such as DOGE, SHIBA, PEPE, COQ, and more
  • Reward NFTs (ERC-721 tokens)

SlashToken Draw. In all your preferred chains.

SlashToken Draw les you conduct trusted, onchain draws across multiple blockchains. Currently, it is available on Ethereum, Binance Smart Chain, Polygon, Avalanche, Base, Chiliz, Arbitrum, Fantom, and Blast chains.

Additional chains to be supported in the future.

Amazingly easy. Blazingly fast.

You will be amazed by how easy it is to conduct trusted, onchain draws with SlashToken. Our user-friendly interface guides you through the seamless draw process.

1.Select token: Connect your Metamask wallet and select the token or the NFT you wish to draw.

2.Setup draw: Define the number of draw winners and the winning amount per winner. Next, enter the wallet addresses of all draw participants. You can either type them manually or upload a CSV or TXT file.

3.Initiate randomness: Initiate randomness by paying the fees required by the onchain randomness provider. Randomness is guaranteed by either Pyth Entropy or Chainlink VRF, the Web3 standards in onchain randomness.

4.Draw winners and distribute rewards: Approve tokens if needed, pay transaction fees, and you’re done! Winners will be selected and will immediately receive your reward tokens.

5.Share the public draw verification link. After a draw is completed, you are provided with a link that you can share with you community. This link allows anyone to verify the authenticity of the draw results, ensuring that the process is open and transparent.

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

👉 Follow us on X/Twitter to stay updated on all our news and product updates.

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Vaggelis Rekkas
SlashToken

Co-founder & Head of UX at Trebbble & Handshake Labs | Building SlashToken.io & SuperFren.io