🔧Mechanics
Bid on your favorite NFTs
Navigate to our main homepage, and select the NFT raffle that you'd like to participate in:
In the above example, you'll see three NFT bidding options. Selecting the "Enter Raffle" button allows you to then send the desired $RAFFLE token amount you'd like to bid for the NFT.
Each pool is defined in 3 unique data-sets
Floor Price of NFT
Total $RAFFLE pool allowance
Pool Timer
Determined by Opensea, the floor price determines the size of $RAFFLE allowance
$RAFFLE allowance is the total number of tokens allowed to enter each pool. 1 token = 1 ticket. Users are given an opportunity
A Fresh Example: Pudgy Penguins (5 eth) if at the time 5 eth is equal to 1M $RAFFLE tokens, the pool size will be 1M. Meaning users can deposit up to 1M $RAFFLE in the pool, with a max allocation of 1% of the pool.
Pools are timed for 24hrs, and the winner is auto-selected based on a provibly fair algo available inside our smart contract
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