🖼️NFT Raffles
A fun new way to buy and sell NFTs
Introducing a new and engaging way to sell any ERC-721 (coming soon: ERC-1155) compliant NFT, offering both sellers and buyers an alternative to traditional NFT marketplaces. This system allows users to list their NFTs effortlessly by filling out a simple form and transferring custody of the asset.
WARNING: There is no Whitelist for NFT Contracts, be sure to only interact with trusted NFT Contracts
Buyers can participate using a selected ERC-20 token, with the opportunity to win the NFT at a potentially lower cost than purchasing through conventional marketplaces. Meanwhile, sellers can potentially earn more than they would through standard fixed-price or auction-based sales.
Only trusted ERC-20 tokens are whitelisted for use on our platform
Advantages of This NFT Sale Model
Enhanced Market Dynamics & Price Discovery
Unlike traditional NFT marketplaces, which rely on fixed pricing or auctions, this model introduces a dynamic way of determining an NFT’s value through player participation. Sellers benefit from increased engagement, which can drive up the final payout.
Increased Accessibility for Buyers
Players have the chance to acquire high-value NFTs at a lower cost than standard marketplace prices, making participation more inclusive and attractive.
Security & Fairness Through Smart Contracts
The process is governed by secure smart contracts, ensuring that NFT custody is transferred only after a fair and transparent resolution. Buyers can participate confidently, knowing that the outcome is dictated by an immutable system.
This sale mechanism not only enhances the NFT trading experience but also introduces a gamified, decentralized alternative that benefits all participants. By leveraging smart contracts and ERC-20 integrations, we create a system that is fair, transparent, and engaging for the community.
Threshold Insurance:
Protecting Your NFT Raffle from Undervaluation
To ensure fair value for your NFT raffle, Threshold Insurance is available as an optional safeguard against selling at an undesirably low price. This feature functions similarly to insurance in Blackjack, allowing raffle creators to set a minimum acceptable return for their NFT.
How It Works
Optional Add-On: Threshold Insurance can only be enabled at the time of raffle creation.
Minimum Payout Protection: If the total entry pool does not meet the insured threshold, the contract compensates the creator up to the predetermined amount.
Balanced Risk & Reward: While this guarantees a baseline value, it also maintains fairness for participants by ensuring transparent and predefined conditions.
Benefits of Threshold Insurance
Protects NFT Value – Prevents high-value NFTs from being raffled at a significantly lower-than-intended price.
Encourages Higher Participation – Players feel more confident joining raffles with defined thresholds, ensuring more competitive prize pools.
Fair & Transparent Mechanics – Smart contracts handle all payouts and insurance conditions, eliminating the risk of manual interference or unfair outcomes.
By integrating Threshold Insurance, NFT sellers gain an added layer of security while still benefiting from the engagement-driven nature of raffles, making it a powerful tool for both creators and participants.
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