MinimalWin

MinimalWin is an alternative platform for sales, which is based on the principle of lotteryand auction. Every object put on sale on the platform will be brought into play in case ofsuccessful holding of the lot, only one winner will be designated. MinimalWin is aplatform that is built entirely on Ethereum smart contracts. Total decentralization allowsthe transparent organization of the lottery. The winner of each round of sales will bechosen using a specific algorithm. Every lottery participant will offer at least one ticketto be able to participate in the lottery. In case the amount of tickets will not be collected,the smart contract will return all tokens to the participants willing to buy the lot put upfor sale. Distribution and payout procedures are transparent and supported by smartcontracts. The transparency and the trust attributed to the smart contracts operating onthe blockchains, derive from the fact that all agreements are executed automaticallyand allow no third-party access or administrator intervention. When the amountrequested by the seller is collected and the sale takes place:

1. the system sends the code to the buyer winner;

2. the seller delivers the lot;

3. the buyer receives the lot and sends the code to the seller;

4. the seller enters the code in his profile and receives the tokens.MinimalWin is the first platform in the world that is built entirely on Ethereum smartcontracts which allows you to win through an algorithm everything that is put on sale onour platform. It’s a kind of lottery, but unusual one, kind an auction, but not finished orconcluded. Our aim is to built a platform that creates an innate trust in a potentiallycorrupt system for one to win something that is auctioned through a decentralizedblockchain system that benefits all.