On January 15, Galxe launched the world’s first zkRaffle, which uses smart contracts and zero-knowledge technology to achieve fair and transparent lottery on the chain.

zkRaffle is supported by Drand oracle with real-time and historical data on the chain, and uses SP1 zkVM to generate proof of lottery execution to ensure fairness and transparency. The identity of the winner is verified through the Merkle tree, and multi-chain reward issuance is supported.

At the same time, Galxe also launched zkRaffle Quest with a prize pool of 300,000 G tokens to provide users with a practical experience of experiencing zero-knowledge technology.

More Information available in: https://cooldragon.io/