🎟️Rafffles

Rafffle is a module that represents NFT raffles between participants by selling them in parts (hereafter referred to as "tickets"). Every user of the marketplace can create their own Rafffle for any NFT they own.

The rafffle takes place between users who managed to purchase at least one ticket within the allotted time, or until all tickets have been sold (tickets are not NFTs or tokens). The winner is chosen randomly from all participants based on the percentage of tickets they purchased. The more tickets a user buys, the higher their chances of winning.

If no tickets were sold and the time allocated for the Rafffle has ended, the NFT will be returned to the owner. However, if at least one ticket was sold, the raffle will be conducted (even if there is only one participant).

You can view the list of rafffles you're participating in or have participated in previously under the Rafffles tab in your profile. The list of all rafffles for a specific collection can be found under the Rafffles tab on the collection page.

Rafffle listing

To list an NFT for a rafffle, follow these steps:

1. Go to the page of the NFT you want to sell in your profile

2. Click the Put on sale button and select the "Rafffle" option

3. Select the rafffle date from the options provided

4. Enter the number of tickets for the rafffle

5. Specify the price for one ticket and choose the token in which the rafffle will take place

6. Double-check all the details and click the Launch rafffle button

7. Then, simply confirm the transaction in your wallet

If the NFT owner launches a rafffle and no tickets are purchased, they can cancel the Rafffle. After the first ticket is purchased, this option disappears.

Participation in the rafffle

Each marketplace user can participate in the rafffle by purchasing tickets.

Participants can also buy additional tickets. For example, if a user buys 1 ticket and later decides to buy 2 more, they can do so, and they will have a total of 3 tickets.

A single participant cannot purchase more than 60% of the tickets. This is required to equalize the chances of winning.