🎟️Tickets

The more tickets you hold, the more chances you have to win.

Not the same as lottery tickets.

Your tickets are represented by the number of entries you have in a raffle. The more tickets you have, it increases your chance of having a winning entry. Unlike a lottery, there is always a selected winner once the raffle is HAPPENING.

General

Tickets are a representation made on chain based the total amount you deposited into the contract for a specific raffle. We use the total amount you have deposited and the ticket price for that raffle to know how many tickets you bought.

Example: If your total buy amount is 100 and the raffle ticket price is 10, you own 10 tickets.

Ticket price

The ticket price depends on the raffle type and the value of the prize. The price will be manually selected by our team.

Number of tickets you can buy

Tickets are sold as a complete unit. It is not possible to purchase a fraction of a ticket. There is no limit in the number of tickets a player can buy, however; for each raffle there will be a maximum number of tickets sold. Once this threshold has been reached, no more tickets can be purchased for that raffle.

Minimum ticket to participate

You need a least one ticket to enter a raffle. 1 ticket = 1 entry The more tickets, the more chance to win

Minimum number of tickets sold

The minimum number of tickets that must be sold for a raffle to take place is calculated based on the prize_value (PV) and the ticket_price (TP).

It is calculated by multiplying the PV by 130%* and dividing by the ticket price and rounding up to the nearest integer.

Ex: Ticket price is 5$ USDT and PV is $1452.

Minimum tickets sold = $1452*130%/$5 = 377.52 and rounded up gives 378 tickets must be sold for the raffle to take place. See chance of happening

Maximum number of tickets sold

There is a maximum number of tickets available for each raffle.

The maximum tickets sold is calculated based on the price_value (PV) and a manual input of the ticket price (TP). It is calculated by multiplying the PV by 160%* and dividing by the ticket price and rounding up to the nearest integer.

Maximum tickets sold =$1452*160%/$5 = 464.64 and rounded up to 465 tickets.

Once 465 tickets are sold. The raffle is closed and a winner is selected.

*These values are subject to change.