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What are burning raffles?
Burning Raffles let you contribute to reducing token supply by permanently burning tokens. As a thank you for your contribution, you get a chance to win rewards from the raffle pot!
This is a contribution mechanism, not gambling. Every contribution burns tokens to help the ecosystem. Winners receive a portion of the pot as a reward, while all tokens eventually get burned.
How it works
- Make a contribution - by burning tokens - your tokens are permanently removed from circulation
- Each contribution gives you a chance to win - the blockchain automatically determines winners after 2 blocks
- Multiple contributions = more chances - each one gives you another opportunity to win in consecutive blocks
- Winners receive rewards - win a percentage of the raffle pot as a thank you for contributing
- Remaining pot gets burned - when the raffle ends, all unclaimed tokens are permanently destroyed
Example: 5 contributions = 5 separate chances to win, each checked in consecutive blocks after the 2-block delay
Support the EcosystemHelp reduce token supply
Chance to WinEach contribution is an opportunity
Reward PotentialWin from the raffle pot
Want to run a raffle for your own token? Raffles are created in the Factory.
Factory