Raffle system explained:
*Our custom, innovative smart contract is the engine of our auto lottery system.
*CA is storing portion of tax money in a special treasury wallet, which sends $AVAX prizes to holders every hour.
*To determine holders to be rewarded, our smart contract performs three (amount and conditions of the draws can be changed) randomized draws - one for each tier.
*The tiers of lottery prizes are:
Tier 1: 30% of the treasury pool - prize of 10% of treasury pool x 3 for top 10% of holders
Tier 2: 30% of the treasury pool - prize of 5% of treasury pool x 6 for another top 20% holders
Tier 3: 40% of the treasury pool - prize of 2% of treasury pool x 20 for the rest of holders
Those tiers will be used at launch, it is possible to alter the conditions of the lottery (e.g. when market conditions, or community wants it).
Amount of winners can be increased when the treasury pool gets bigger.
Every hour, the winning wallets will be available to check on our website in the dashboard panel.
Taxes:
buy tax: 6%: 3% goes for marketing&development, 3% goes in treasury
sell tax: 12% - 4% goes to Liquidity pool, 3% goes for marketing&development, 5% goes to treasury
Liquidity will be locked for 1 Year.
Social Links:
WWW: https://www.raffleavax.com
Twitter: https://twitter.com/raffleavax
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