Raffles

Raffles are a lottery-style alternative to auctions: buy numbered tickets with your points for a chance to win the prize NFT. The more tickets you hold, the better your odds.

Creating a Raffle

• Creating a raffle requires membership (see Membership).
• A listing includes a title, description, the prize asset, an image, and a start/end date.
• The creator sets the ticket cost per point type (raffles can accept multiple point types) and a minimum tickets per purchase.
• A listing can be edited until the first ticket sells, and canceled by the creator - which refunds all ticket holders.

Buying Tickets

• Tickets are purchased in any quantity, with the cost deducted from your point balance.
• Holding more tickets increases your chance of being drawn as the winner.

The Draw & Delivery

After the end date, a winner is drawn from all sold tickets and the listing moves into delivery, sending the prize to the winner's primary wallet (see Wallets). Status moves through upcoming → active → ended → processing → completed.

Every ticket purchase and refund is recorded in your Transactions ledger.