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$RAFFLE
  • 👋Introduction
  • 🔧Mechanics
  • 💸Prizes and Rewards
  • 📈$RAFFLE Tokenomics
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Mechanics

Bid on your favorite NFTs

PreviousIntroductionNextPrizes and Rewards

Last updated 1 year ago

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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