About AVAX5050
Our Mission
AVAX5050 by Bit5050 is revolutionizing the raffle experience by bringing it to the blockchain. We're committed to creating a transparent, fair, and exciting platform for crypto enthusiasts and the Avalanche community. AVAX5050's web3 50/50 raffle system assures our users that each 50/50 raffle is executed transparently, on-chain, securely, fast, and fun! 50/50 raffles on the Avalanche Network.
Why Avalanche?
Bit5050 chose the Avalanche Network for its robust infrastructure, lightning-fast transaction speeds, low fees, and superior scalability. Avalanche's innovative consensus mechanism and EVM compatibility ensure a smooth and efficient experience for our users. "Bit5050 always felt like Avalanche was one of the most innovative and fastest-growing blockchain ecosystems. We decided to build AVAX5050 utilizing all the great tools and infrastructure the Avalanche Network provides" - Bit5050
Security & Transparency
Avalanche Network allowed us to customize, build and design our dream DAPP. We designed the 50/50 Raffle system to be fully automated, transparent, fair (our random number generation process is verifiably fair) and secure. Every transaction, from the winners selection, creators of 50/50 raffles to the platform wallet is recorded on the blockchain for complete transparency. Powered by Avalanche.
- ✅NO emergency withdrawal functions
- ✅NO admin backdoors or controls
- ✅Truly decentralized and immutable
- ✅Funds protected by mathematics alone
- ✅Self-healing and permission-less operations
- 🔒True Decentralization: No single point of failure
- 🛡️Enhanced Trust: Users know their funds are 100% safe
- ⚡Reduced Attack Surface: No deployer key compromise risk
- 🌐Immutable Operations: Contract works exactly as advertised
Community First
AVAX5050 is part of Bit5050, a community-driven project. We believe in building a strong community around AVAX5050. Our platform is designed with user feedback in mind, and we're constantly working to improve the experience.
"50/50 Raffles happen all the time at various venues and events all over the world. We just tokenized it and made a web3 version of it"
"All product no token, All service no token" We wanted to build something that was transparent and fair for the crypto community with real utility"
Bit5050