👋Introduction

Brief overview of concept, and defi protocol NFT $RAFFLE

Win blue chip NFT's at the fraction of the cost by bidding in $RAFFLES on the NFT Raffle platform.

Introduction: NFT Raffle was generated by https://twitter.com/jakeoffchain out of a desire to purchase a $65,000 Bored Ape NFT, and being priced out. If only there was a better way, a way to bid on NFTs, win them, without having to spend an arm and leg. A decentralized way, where a user wins the nft from a prize pool at a fraction of the cost. That is exactly why we made $RAFFLE.

Mechanics: $RAFFLE token may be purchased on your favorite decentralized exchange like Uniswap, SushiSwap, or 1Inch. Upon purchasing your $RAFFLE tokens, simple head to TheNFTRaffle.com and select the NFT pool you’d like to participate in.

Upon selecting your NFT, simple wage as many tokens as you desire. Every NFT bid will have a token cap, fixed at the price of floor for the given asset. Meaning a 20ETH BAYC, would be 20ETH of $RAFFLE tokens total bidding. The winner is selected at random, and assets are distrubted fairly on-chain.

Winning: If you are entered into a NFT raffle pool, and your wallet is selected to win. The UI/UX within TheNFTRaffle.com will prompt you to claim your realized reward. Winners are selected and rewarded on-chain, in a provable and fair consensus model.

Losing: If you are entered into a NFT raffle pool,. and your wallet did not win. The UI/UZ will prompt you to purchase more $RAFFLE tokens and try again. 50% of losses are burned, and 50% are given back to stakers as real yield.