# Raffle

Introducing a novel approach to acquiring and trading NFTs on Stargaze and beyond. Our project offers a distinctive feature with option for gated raffle by token, DAO, NFT and more. We allow NFT and token raffles with more option to come. 

On chain NFT raffles present fresh avenues for the exchange of both liquid and illiquid assets through the purchase or sale of raffle tickets. 

### How the Raffle Operates:[​](https://docs.atlasdao.zone/raffles#how-the-raffle-operates) <a href="#how-the-raffle-operates" id="how-the-raffle-operates"></a>

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:[​](https://docs.atlasdao.zone/raffles#terms) <a href="#terms" id="terms"></a>

* Upon raffle creation, the chosen NFT or token amount 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 or token 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[​](https://docs.atlasdao.zone/introduction/atlas-dapp/fees-and-params#fees) <a href="#fees" id="fees"></a>

* A set fee of 50 `STARS`, every time a raffle is created
* `5%` of total from raffle ticket sales


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