MetaWin 正 Attempt with an on-chain verifiable lottery system, allowing users to establish a more transparent connection between entertainment and high-value prizes, but its security history reminds all participants to maintain risk awareness.
Many people first see @MetaWin, attracted by those high-value NFT prize pools. Whether celebrity NFTs or rare digital collectibles, fairly drawing in an open on-chain platform indeed brings a sense of novelty.
MetaWin’s approach is to publish the lottery process on the chain, so that each participation and each draw can be traced back to its true source by users. This level of transparency is uncommon in traditional lottery platforms, thus providing a clearer experience foundation for users who want to avoid black-box mechanisms.
However, as the user base rapidly grew, the platform experienced a significant security incident in 2024. Public data shows that approximately four million USD worth of assets were transferred by attackers exploiting a hot wallet vulnerability.
This event caused a major shock to the community and served as a reminder that even platforms emphasizing transparency can have security weaknesses. MetaWin subsequently began to disclose audit and repair procedures, and such transparency provides external parties with necessary basis for judgment.
For ordinary participants, a verifiable on-chain lottery platform is certainly attractive, but treating security incidents as warnings, and arranging participation limits reasonably and rationally, is the most important ability for long-term survival on the chain.
Enjoy entertainment, make the experience fun, but never abandon independent risk judgment.
#KaitoYap @KaitoAI #Yap @easydotfunX
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Ця сторінка може містити контент третіх осіб, який надається виключно в інформаційних цілях (не в якості запевнень/гарантій) і не повинен розглядатися як схвалення його поглядів компанією Gate, а також як фінансова або професійна консультація. Див. Застереження для отримання детальної інформації.
MetaWin 正 Attempt with an on-chain verifiable lottery system, allowing users to establish a more transparent connection between entertainment and high-value prizes, but its security history reminds all participants to maintain risk awareness.
Many people first see @MetaWin, attracted by those high-value NFT prize pools. Whether celebrity NFTs or rare digital collectibles, fairly drawing in an open on-chain platform indeed brings a sense of novelty.
MetaWin’s approach is to publish the lottery process on the chain, so that each participation and each draw can be traced back to its true source by users. This level of transparency is uncommon in traditional lottery platforms, thus providing a clearer experience foundation for users who want to avoid black-box mechanisms.
However, as the user base rapidly grew, the platform experienced a significant security incident in 2024. Public data shows that approximately four million USD worth of assets were transferred by attackers exploiting a hot wallet vulnerability.
This event caused a major shock to the community and served as a reminder that even platforms emphasizing transparency can have security weaknesses. MetaWin subsequently began to disclose audit and repair procedures, and such transparency provides external parties with necessary basis for judgment.
For ordinary participants, a verifiable on-chain lottery platform is certainly attractive, but treating security incidents as warnings, and arranging participation limits reasonably and rationally, is the most important ability for long-term survival on the chain.
Enjoy entertainment, make the experience fun, but never abandon independent risk judgment.
#KaitoYap @KaitoAI #Yap @easydotfunX