# Introduction

Win blue chip NFT's at the fraction of the cost by bidding in $RAFFLES on the NFT Raffle platform.&#x20;

**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.

<figure><img src="https://miro.medium.com/v2/resize:fit:1180/1*7SOq06YQuGl0TZbfxCPAFQ.png" alt="" height="478" width="590"><figcaption></figcaption></figure>

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.
