What is Provably Fair?
Provably Fair is a system designed to ensure transparency and fairness in randomized draws, such as Pull Boxes on Drip. This system guarantees that the outcome of a Pull Box purchase is genuinely random and not manipulated by the seller or the platform. By using cryptographic technology, Drip provides buyers with confidence that every pull is conducted fairly and that the odds displayed accurately represent the possible outcomes.
How Does Provably Fair Work?
Drip’s Provably Fair system is based on a cryptographic algorithm that ensures the selection of items in a Pull Box is entirely random. Here’s a step-by-step breakdown of how it functions:
Predefined Odds and Inventory:
Sellers create a Pull Box and assign specific odds to each item.
These odds are locked in before the Pull Box goes live, ensuring no alterations can be made after buyers start purchasing pulls.
Randomized Selection Process:
When a buyer purchases a pull, the system uses a cryptographic function to determine which item is selected.
The function is designed so that neither the seller nor Drip can predict or influence the outcome.
Transparency in Item Distribution:
Buyers can see the Floor Price, Average Value, and Ceiling Price of items within a Pull Box before purchasing.
These values indicate the lowest, average, and highest-priced items available, ensuring full transparency.
Verification of Fairness:
Drip's system logs each pull and its result, making it possible for buyers to verify the integrity of their purchase.
The Provably Fair badge on a Pull Box indicates that it follows this randomized and verifiable system.
Key Features of a Provably Fair Pull Box
1. Guaranteed Fairness
The randomness of each pull is secured through cryptographic algorithms, ensuring that neither the seller nor Drip can manipulate the outcome.
2. Locked-In Odds
Once a Pull Box is created and activated, the odds assigned to each item are fixed. This prevents any last-minute changes that could alter the fairness of the game.
3. Clear Pricing and Transparency
Each Pull Box displays key price points, including:
Floor Price: The lowest-value item available in the box.
Average Price: The estimated median value of items in the box.
Ceiling Price: The highest-value item a buyer can potentially pull.
These indicators help buyers make informed purchasing decisions before committing to a pull.
4. No Seller Manipulation
Sellers do not have the ability to alter pull results once a buyer makes a purchase. The system ensures that pulls are conducted fairly without any interference.
5. Secure and Verifiable Process
The Provably Fair system logs every pull, allowing for future verification. This gives buyers peace of mind, knowing that their purchases are truly randomized.
Why Does Provably Fair Matter?
The implementation of the Provably Fair system is crucial in maintaining trust between buyers and sellers on Drip. Without a transparent system in place, buyers might feel uncertain about whether Pull Box outcomes are manipulated. By using a verifiable system, Drip ensures that buyers have full confidence in the fairness of every pull.
How to Identify a Provably Fair Pull Box
When browsing Pull Boxes on Drip, look for the Provably Fair badge. This indicator confirms that the box adheres to Drip’s transparency standards and that the selection process is completely random.
For additional information, you can visit Drip’s official page on Provably Fair: Drip’s Provably Fair System
Need Help?
If you have questions about Pull Boxes or the Provably Fair system, our support team is here to assist you.
📩 Live Chat: Available on the Drip website and mobile apps. 📧 Email: [email protected]