What is DEGEN Raffles?
DEGEN Raffles is a cutting-edge Web3-based Decentralized Raffle Marketplace Web App that revolutionizes the traditional raffle experience. At its core, DEGEN Raffles provides an intuitive interface for our community users to engage with a public smart contract, enabling them to effortlessly deploy their own raffle competitions.
How It Works:
User-Deployed Raffle Competitions: Community users can create and deploy their own raffle competitions using the DEGEN Raffles interface. These competitions are listed on the DEGEN Raffles Marketplace, making them accessible to all users for participation.
Digital Asset Prizes: Raffle prizes are digital assets that the user (referred to as the raffle "Sponsor") deploys into the Raffle Smart Contract. These digital assets can range from NFTs and Meme Tokens to any other Solana token(s) of value.
Benefits:
Upside for Sponsors: Raffle sponsors have the opportunity to sell raffle tickets beyond the market value of the digital asset prize, potentially generating additional revenue.
Winning Opportunities: Raffle participants stand a chance to win the deployed digital asset prize, offering an exciting and rewarding experience.
Automated Processes: The Raffle Smart Contract automates the entire raffle process, from deploying the competition and managing ticket entries to conducting a random drawing of the winner and distributing the prize accordingly.
DEGEN Raffles empowers users to engage in fair, transparent, and lucrative raffle competitions within a decentralized ecosystem, setting a new standard for community-driven entertainment and engagement.
Last updated