🔀NFT Raffles

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

Introducing a novel approach to acquiring and trading NFTs on Stargaze, our project offers a distinctive feature— the opportunity to engage in raffles using NFTs, Stars and a diverse range of CW20 tokens in the near future.

On chain NFT raffles present fresh avenues for the exchange of both liquid and illiquid assets through the purchase or sale of raffle tickets. In order to keep the raffle fair to everyone our rodomers is hadle through Nois. So you can be worry free with your experience.

How the Raffle Operates:​

Once a raffle is created, it appears on our dedicated Raffle explore page. However, the success of your raffle depends on your marketing efforts.

Once the first ticket is sold, the raffle becomes irrevocable, continuing until all tickets are sold or the scheduled conclusion. No cancellations are possible beyond this point.

Post-raffle completion, claim your ticket sale revenue, and a winner is randomly selected. The winner can then claim the NFT prize.

Terms:​

• Upon raffle creation, the chosen NFT is transferred to an escrow contract.

• Raffles proceed regardless of ticket sales.

• Minimum raffle duration is 12 hours.

• A 5% commission fee applies to ticket sales.

• NFTs are returned in the absence of ticket sales.

• No edits or cancellations post ticket sale.

• We are not responsible for raffle promotion or marketing.

Fees​

• A set fee of 50 STARS, every time a raffle is created

• 5% of total from raffle ticket sales