On-chain Raffle
Raffle system
You will have understood, thanks to the $SUPPLY produced by the staking of your knives. You will be able to enter on-chain raffles.
No more twitter or discord giveaways, where you are asked for a lot of conditions.
Stake your knives, produce your $SUPPLY, and choose the raffles you like to participate in!
Here is the process:
Each raffle will have a different entry price (depending on the hype of the project and what's up for grabs).
You can select the number of tickets you want to buy (your number of entries in the raffle), of course, you need to have enough $SUPPLY. Also, some raffles may have ticket/wallet limits.
Then, you just have to buy your tickets, and wait for the announced date to come back to see the result.
All the process is on-chain, everything will be recorded on the blockchain and therefore more secure and transparent.
You can only win once/wallet, for WL and airdrop, we will take the address you participated with directly.
Thus, you have the choice:
Participate in all the raffles, or select the raffles that interest you the most, in order to buy more tickets for it and multiply your chances of winning!
My tickets
Another tab: "My Ticket" will function as a history of the tickets you have purchased, allowing you to have access to the stats of the raffles you have participated in as well as to quickly see which ones are winning, losing, or not yet drawn.
How to check if I win a raffle
Another option, by clicking on the raffle, will allow you to access the list of winning addresses, and quickly see if you are one of them. .
You will also find a small guide, giving you the steps to follow in case of victory, most of the time, you will not have to do anything!
Platform fees
A small fee will be applied each time you purchase tickets: $0.003 AVAX/ticket.
Those fees are used mainly to buy NFTs on the ecosystem, maintain the platform running and pay the team to find partnerships for WL and Freemint.
We think those fees are low but enough for us to maintain a healthy system and continue to provide the community with constant free NFTs and WL.
Those fees will also maintain an equilibrium on the quantity of tickets bought by one person: as the more ticket you buy, the more chances you got to win, we had to find a way to balance this system to avoid mass buying from one individual and we think that those fees + the capped / knife mechanism will help us to balance things out.
The fee charged will be used as follows:
30% for parnership project (if PREMIUM partnership - feature TBA later)
20% for buyback (or 50% if not PREMIUM)
30% for the collab-manager
10% for the team
10% for the platform's development
Buyback
An important mechanism for us is to be able to give you regularly free NFTs on the platform in exchange of those small platform fees. The 20% allocated (50% if not a premium partnership) will be here to buy those NFTs and give them back to the Knives Legacy community.
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