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๐ŸŽŸ๏ธRaffle (Revenue Share)

Decentralized Raffles: Revenue, Engagement, and Utility

Our raffle system provides an innovative way for individuals and projects to generate revenue, drive engagement, and add utility to any whitelisted token. With a simple form submission, users can instantly launch and manage their own raffle lobby, setting custom participation parameters.

How It Works

  1. Raffle Creation โ€“ Users define the rules, such as entry costs, token type, and number of winners.

  2. Participant Entry โ€“ Players enter the pool using the specified token.

  3. Resolution & Payout โ€“ Once the raffle fills or expires, the contract determines winners and distributes rewards.

Key Features & Benefits

  1. Revenue Generation & Incentives

    • Raffle creators earn a percentage of the prize pool as an incentive for promoting their event, creating a sustainable revenue stream.

  2. Engagement & Community Growth

    • This system encourages interaction within token ecosystems, increasing visibility and engagement for meme coins and projects.

  3. Automated & Fair Game Resolution

    • If a raffle reaches full participation, winners are selected automatically based on predefined parameters.

    • If a raffle does not fill completely but has sufficient participants, a built-in mathematical formula adjusts the number of winners to ensure a fair game conclusion.

  4. Refund Mechanism for Unfilled Raffles

    • If participation is too low to sustain fair play, the contract automatically refunds all participants, ensuring transparency and fairness.

  5. Decentralized & Trustless Execution

    • Smart contracts handle all aspects of the raffle, eliminating the need for intermediaries and ensuring a secure, tamper-proof, and trustless system.

This raffle system not only provides an exciting and interactive way to utilize meme coins but also serves as a powerful engagement tool for projects looking to enhance their communities while offering fair and transparent gameplay.

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