What is CoolSwip?
CoolSwip is the most advanced sweepstakes platform on the internet. On our website, users participate in online sweepstakes and competitions in a fun, organized and transparent way. We use Blockchain technology together with our innovative mathematical algorithm to ensure that the winning tickets are chosen in a 100% random and verifiable way, offering a trust and a security never seen before through our easy to use and intuitive multiplatform design.
How to participate in a competition?
To participate, you just have to create your account, acquire your NFT Tickets, and click on PARTICIPATE NOW! on the giveaway of your choice.
Where do I see my Ticket numbers?
To view your participation NFT Tickets, simply open your account and click on MY TICKETS button.
How are the winners chosen?
At CoolSwip we take the selection of the winners very seriously, this is why we have developed a 100% secure, transparent and verifiable algorithm, a simple and elegant mathematical process that guarantees that the winners are chosen randomly every single time. We have called it “the CoolSwip algorithm” and it is by far the most reliable and verifiable randomness algorithm in the world. We have patented this technology and we are the first to use it on the internet.
How does it work?
Immediately after a giveaway ends, the exact time it ended is recorded, and the countdown begins to obtain the next hash from the Bitcoin Blockchain block. This means that at the moment a giveaway ends, the hash of the Bitcoin Blockchain for the next block is still being mined, so nobody in the world knows that information yet. This is important because it means that to select the Winning Ticket, we will use information that comes from the future, so it is necessary to wait for some time to obtain it.
Then, after the average mining time, which is usually 10 minutes, when the block is mined, we obtain the hash of the recently mined block and we use the first nine numbers (excluding leading zeros and letters of the hash).
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With this 9-digit number and the total number of participating tickets, we proceed to calculate the winner Ticket.
(You can verify the Bitcoin Blockchain Hash on numerous internet pages, such as: "https://blockchair.com/es/bitcoin/block/738443" and substituting at the end of the link, the numbers of the block you want review).
Our method is based on pure mathematics and is 100% transparent. This means that anyone can check the Winner Ticket of a competition using a calculator.
The CoolSwip method is a mathematical algorithm designed to generate pseudorandom numbers. This means that to produce a random number you need some initial information. Every time you supply the algorithm with the same initial information, it will always generate the same Winning Ticket number. This is very important because it means that everyone can verify the Winning Ticket number.
To verify the winner ticket for yourself, you just have to use the Hash numbers and the Amount of Participating Tickets and do the calculations by yourself using the following formula:
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Then subtract the whole number from the result of this operation and keep only the decimals to multiply it again by the Amount of Participating Tickets:
E.d – E = 0.d
0.d x The Amount of Participating Tickets = THE WINNER TICKET
This method provides a security never seen before in the processes where the selection of a winner is involved in a random way and grants the possibility that your Ticket will be chosen infinite times with different increasing inputs.
If you want to try our formula for yourself, use the information from any of the competitions found on the WINNERS page and you will always get the same results.
For example, if the nine-digit number obtained from the Hash is "155018590" and the number of participating tickets is "11,200", then the resulting number generated by the algorithm will always be 10,590.
Step 1) Divide the hash number by the amount of tickets.
155018590 / 11,200 = 13,840.9455357143
Step 2) Remove the integer part and only keep the decimals.
13,840.9455357143 - 13,840 = 0.9455357143
Step 3) Multiply the decimals by the amount of tickets.
0.9455357143 x 11,200 = 10,590
In the previous example, the number obtained from the Hash was: 155018590, so the resulting winning ticket was the number 10,590. If the hash number had been greater by 1 digit, (that is, 155018591), then, The winning ticket would be the number 10,591. For each extra digit added to the hash, the number of the winning ticket increases by 1 until reaching the maximum ticket, which in our example is the number 11,200 (when the result of the operation is zero). Then the result would be 1 again, and then 2, and then 3, etc… allowing the winning tickets to be chosen cyclically infinite times.
Note that we use all significant figures to perform our calculations. Always use a calculator that does not do rounding to get the correct precision.
We recommend using https://www.calculator.net/big-number-calculator.html and setting the precision to 2,000 digits.