About HOOD5050
50/50 Raffles,
Built On-Chain.
HOOD5050 by BIT5050 INC. brings the classic 50/50 raffle fully on-chain with verifiable randomness and decentralized finalization on Robinhood Chain. Creators launch raffles with ETH or USDG, players buy tickets in the raffle's currency, and the contract handles the draw and payout. Onchain verified winner selection & automatic payment settlement by RandProofRNG & RandProofAutomation via Robinhood Chain Smart Contracts.
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Our Mission
Transparent raffles, provably fair by design
Our mission is to make every raffle transparent, automatic and provably fair by combining Robinhood Chain smart contracts with RandProofRNG and RandProofAutomation. HOOD5050 focuses on Robinhood Chain so the platform can use verifiable randomness and decentralized automation across the whole raffle lifecycle, giving users low-cost ETH and USDG transactions, transparent contract execution, and a stronger randomness model than block-based entropy alone.
Why HOOD5050
Decentralized Where It Matters
Dual-Currency Raffles
Run your 50/50 in ETH or USDG. Raffle creation is 0.01 ETH or 10.00 USDG, tickets are 0.0025 ETH or 2.50 USDG. Prizes settle in the raffle's own currency.
Verifiable Randomness
RandProofRNG supplies publicly verifiable on-chain randomness. The draw key pins the drand round. No re-rolls, no manipulation, no trusted party.
Automatic Settlement
RandProofAutomation triggers finalization the moment a raffle ends or sells out. No keeper wallet, no VPS, no manual step, just code.
True 50/50 Split
Exactly half the pot goes to the winner, half to the creator, paid automatically by the contract. No platform cut, no claiming, no delays.
Immutable Contract
No admin keys, no upgrade path, no pause switch. Once deployed, nothing in the bytecode can change. Prize pools can only ever be won.
Fully On-Chain
Every creation, ticket purchase, draw and payout is a public transaction on Robinhood Chain, inspectable on the block explorer by anyone.
HOOD5050 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 using native ETH direct funding, and the returned value selects the winning ticket on-chain. Anyone can inspect the request, callback, winner selection and payout events on the block explorer.
RandProofAutomation triggers finalization automatically, removing the need for a private keeper wallet or centralized VPS to complete raffles. A permissionless fallback path keeps the contract finalizable even if automation is delayed. Randomness from RandProofRNG, execution from decentralized automation, settlement in the smart contract.
Rafflenomics
Simple, Transparent Economics
Every creation funds a decentralized finalization reserve for RandProofRNG draws, RandProofAutomation and fallback settlement. The platform collects only its creation fee. Prize pools are untouchable.
ETH Creation
0.01
ETH
USDG Creation
10.00
USDG
Ticket Price
0.0025 / 2.50
ETH / USDG
Reserve
0.0001
ETH
Community First
Built for the Robinhood Chain Community
HOOD5050 is part of BIT5050 INC., a community-driven project. It was built around user trust: no hidden draw process, no private server deciding winners, no opaque settlement path. Every raffle remains public, verifiable and settled on-chain.
“50/50 raffles happen all the time at venues and events all over the world. We just tokenized it and made a Web3 version of it.”
“All product, no token. We wanted to build something transparent and fair for the crypto community, with real utility.”
BIT5050 INC.
Ready to run your own 50/50?
Launch an ETH or USDG raffle on Robinhood Chain in under a minute, or buy a ticket in a live one.