About ETH5050

BIT5050 INC. chose Ethereum L2 networks because they keep ETH5050 affordable while preserving EVM compatibility and public on-chain verification. ETH5050 V3 focuses on Base, OP Mainnet, and Arbitrum so the platform can use RandProofRNG and RandProofAutomation where those services are available for the V3 raffle lifecycle. This gives users low-cost ETH transactions, transparent contract execution, and a stronger randomness model than block-based entropy alone.

ETH5050 V3 upgrades winner selection to RandProofRNG, an oracle-based verifiable random function designed for unbiased, publicly verifiable randomness. When a raffle ends or sells out, the contract requests randomness from RandProofRNG using native ETH direct funding. The returned random value is used on-chain to select the winning ticket, and anyone can inspect the request, callback, winner selection, and payout events on the block explorer.

RandProofAutomation is used to trigger finalization automatically, removing the need for a private keeper wallet or centralized VPS to complete raffles. ETH5050 also keeps a permissionless fallback path, so the contract can still be finalized if Automation is delayed. The result is a more decentralized V3 system: randomness comes from RandProofRNG, execution is handled by decentralized Automation, and settlement happens directly in the smart contract.

Each V3 raffle creation includes a transparent finalization reserve. The creator pays 0.01 ETH total: 0.0099 ETH is the platform creation fee and 0.0001 ETH funds the decentralized finalization reserve pool. That reserve supports RandProofRNG native ETH requests, RandProofAutomation upkeep operations, and fallback settlement.

ETH5050 is part of BIT5050 INC., a community-driven project. V3 was built around user trust: no hidden draw process, no private server deciding winners, no opaque settlement path. Every raffle remains public, verifiable, and ETH-native, with the V3 architecture designed to keep finalization reliable as the platform grows.