🎟️NFT Raffles

Host raffles for your Community. A new way to find liquidity.

A new way to acquire and sell NFTs on Terra and Cosmos, with the ability to create and enter raffles using NFTs and a variety of CW20.

Inspired by our degen routes, NFT raffles create new options for the exchanging of liquid and illiquid assets through the buying or selling of raffle tickets.

Hosting a Raffle

Choose an NFT from your collection to start a Raffle, with a variety of parameters to adjust the settings of your raffle, this keeps our lottery system as decentralised as possible.

Parameters:

• The length of the Raffle

• The number of Raffle tickets you would like to sell

• The price of each Raffle ticket

• The currency to buy the Raffle tickets

How does the Raffle work?

Once a lottery is created, it is listed on our Raffle explore page for all too see, but it is down to you to market your raffle.

After the first raffle ticket sells there is no going back, your raffle is locked in until all raffle tickets are sold or the raffle concludes, meaning you cannot cancel it after this point.

Once the Raffle has concluded, you will be able to claim your ticket sale revenue and a winner will be picked from the ticket holders. Winners are randomly selected based on a typical lottery system where one ticket is selected as the winner.

The winner is then able to claim the NFT prize.

Take some time to read the T&Cs below.

Terms & Conditions

1. When a raffle is created, the NFT you have chosen will be transferred from your wallet into an escrow contract.

2. Raffles will proceed regardless if all tickets are sold or not.

3. The raffle should run for a minimum of 12 hours.

4. There is a 5% commission fee from the ticket sales.

5. There is an additional 1% commission fee that will be distributed to raffle randomness providers.

6. Your NFT will be returned if there's no ticket sales.

7. Raffles CANNOT be edited or cancelled once a ticket is sold.

8. We do not take responsibility for promoting or marketing the raffles.

Participating in a Raffle

Current Raffles can be browsed from our explore page.

To buy tickets, click on the Raffle you want to enter to expand the details, from there you can select the number of tickets you would like to purchase.

There is no limit to the number of tickets you can buy (within the number of raffle tickets available to purchase).

Once the Raffle has concluded, a winner will be picked from the ticket holders. Winners are randomly selected based on a typical lottery system where one ticket is selected as the winner. The winner will then be able to claim the NFT from the escrow contract.

Terms & Conditions

1. NFTs are held in escrow and can be claimed by the winner or creator (if not tickets sell) once the draw is done.

2. Raffle tickets cannot be refunded once bought.

3. Raffle tickets cannot be refunded if you do not win.