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Impetus Network

Impetus Network

Substrate EVM-compatible blockchain that integrates Fractal DID for Web3 identity solutions and Chainlink VRF for random number generation.

Created on 24th August 2023

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Impetus Network

Impetus Network

Substrate EVM-compatible blockchain that integrates Fractal DID for Web3 identity solutions and Chainlink VRF for random number generation.

The problem Impetus Network solves

Solving Giveaway Challenges with Blockchain and Identity Verification

Hosting giveaways and contests has become increasingly popular, but it's not without its challenges. Traditional methods of selecting winners might be prone to bias or manipulation, and spam entries can distort the fairness of the process. This is where Impetus comes in.

By leveraging cutting-edge technologies like ChainLink VRF and Fractal's Decentralized Identifiers (DID), Impetus revolutionizes the giveaway landscape. Here's how it benefits users:

Tamper-Proof Randomization: Impetus's integration with ChainLink VRK ensures that the winner selection process is genuinely random and tamper-proof. Unlike traditional random generators that can be manipulated, blockchain-powered randomness adds a layer of transparency and trustworthiness. Participants can be confident that the selection process is fair and unbiased.

Enhanced Security: With the use of blockchain technology using Substrate, the entire giveaway process becomes more secure. The immutable nature of blockchain ensures that once a winner is selected, the results cannot be altered or tampered with. This is crucial for maintaining the integrity of the giveaways and building trust with participants.

Preventing Spam and Fake Entries: One of the biggest challenges in giveaways is dealing with spam entries and individuals creating multiple fake identities to increase their chances of winning. By implementing Fractal's Decentralized Identifiers (DID), Impetus provides a robust identity verification mechanism. Participants are required to verify their identity using the DIDs module, reducing the chances of spam and ensuring that each entry comes from a genuine participant.

Streamlined Management: Impetus also streamlines the entire giveaway process for hosts. It automates winner selection, verification, and announcement, saving valuable time and effort. This is especially useful for those who frequently host giveaways.

Challenges we ran into

One of the issues we faced was related to integrating Fractal ID, which initially caused problems. However, we reached out to them, and after a week, we managed to resolve the issue with our solution.
The second challenge involved working with Near BOS, a technology that was new to us. Despite our limited experience with it, we decided to use the iframe feature to embed content into our website for 3 days. And we recognize that there is significant room for improvement in our UI/UX.

Tracks Applied (7)

Polkadot

Impetus is using Substrate as blockchain Framework. Allow us to reuse EVM and Asset Management module. Not only Substrat...Read More
Polkadot Network

Polkadot Network

Frontend & BOS Tools

Impetus UI uses BOS as the frontend and Substrate as the Blockchain demonstrating a clear connection to this track.
Proximity Labs

Proximity Labs

QuillAudit

We would like to join this track for security audit.

QuillAudits - Web3 Security 🛡️

Web2 to Web3

Transitioning from Web2 to Web3 In the Web2 world, hosting giveaways and contests is common, but it often involves centr...Read More
NEAR Foundation

NEAR Foundation

Multichain & Interdisciplinary Solution

Multichain Integration In the context of multichain solutions, Impetus showcases the ability to work across multiple blo...Read More
NEAR Foundation

NEAR Foundation

Native Prizes

Impetus UI uses BOS as the frontend demonstrates a clear connection to this track.
NEAR Foundation

NEAR Foundation

Web3 Code Challenge

We believe that we can join this track because we had: Multichain and interdisciplinary blockchain solutions Web2-...Read More
NEAR Foundation

NEAR Foundation

Discussion

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