After OVR introduced its integration with Chainlink on June tenth, now the crew is proud to clarify all the principles of OVR prize distribution powered by Chainlink Verifiable Random Function.
In reality, OVR determined to collaborate with Chainlink VRF to find out the winner of its $15k OVR token prize extraction reserved to treasure hunters and to take part in its wider $50k OVR token prize extraction for OVRLand consumers. The extraction course of can be executed by a public and deterministic algorithm.
So, OVR will run 2 principal competitions, one for treasure hunters and one for OVRLand consumers.
OVRLand consumers and treasure hunters to win $65k
All the OVRLands the place treasures have been found after the competitors begin date can be listed on a particular interface out there to the consumer. The treasure hunt competitors can have 3 rounds on totally different dates ranging from June twenty second.
At the tip of every treasure hunt competitors interval the record of all OVRLands the place treasures have been found by contributors can be created and made publicly out there.
The record can be ordered by ascending OVRLand Hex, OVR will generate a publicly verifiable random quantity with Chainlink’s VRF and can iterate on the ordered record with such a quantity to pick out the winner. The Python script used to iterate on the record can be made publicly out there earlier than the extraction
Regarding the OVRLand consumers, as a substitute, all OVRLands acquired after the competitors begin date will take part within the extraction of an OVR prize, and can run 5 totally different rounds of such an extraction.
Users shopping for OVRLands for the reason that begin date of the competitors will be capable of see the record of the OVRLands that they purchased through the extraction spherical on a particular interface.
At the tip of every spherical an ordered record of all OVRLands acquired within the interval can be made publicly out there, OVR will generate a publicly verifiable random quantity with Chainlink’s VRF and can iterate on the ordered record with such a quantity to pick out the winner.
Only OVRLands that began the public sale previous to the deadline of the present spherical and closed earlier than the beginning date of the subsequent spherical can be admitted for the extraction.
Of course, prizes can be instantly out there to contributors to withdraw or spend on the platform.
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