💃
Raffle
  • Introduction
  • 🎲Lotteries? Wow!
  • 🪙$RAF tokens
  • 🛶Repechage and Cashbacks
  • 😎THE JACKPOT
  • 🍀Luck Factor
  • 🎨Raffle in a picture
  • 🍕Tokenomics
  • 👮‍♂️Ownership & security
  • 👀Still under review
  • 🏛️Idea for a governance tool
  • 🤌FAQ / Troubleshooting
  • --- Raffle Stakeable Token
    • 🍏The other half of the apple
    • 🧮Fortune in a picture
    • 🕒Fortune launch plan
  • Memecoins
    • 🧇$WAFFLE
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FAQ / Troubleshooting

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Last updated 1 year ago

I minted $RAF but Jackpot ETH keeps being 0.00. Where is my ETH going? Quick answer: ETH from $RAF minting gets distributed to the pools once lottery opens. Long answer: Before the next lottery opens up, the house can set up lottery variations, e.g. Magic Number, min. participants, Repechage rules, lottery mode (SuperJackpot vs SuperLuck), etc. The gas expense for the final lottery draw vill vary depending on these params. An internal algorythm tries to optimize the percentage of ETH to be saved as gas refund for the user that will trigger the lottery draw function. This % is known only once the lottery params are officially set, which means on lottery opening. After lottery opening, no more variations can be made. So, when lottery opens, a fair % of ETH gets removed from the available budget, and the remaining amount gets distributed to the Jackpot and the other entities defined in the .

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tokenomics