🎟️Raffle (Coming soon)

The Raffle feature allows users to create or participate in digital raffles, using NFTs or SPL tokens as prizes. Users can set up a raffle with customizable ticket options, including the number of tickets available and the price per ticket. Raffles are open for other users to join, creating an engaging way to distribute and win unique digital assets. Additionally, holding ShinChan tokens unlocks expanded raffle options, such as a higher ticket limit, offering more flexibility and earning potential to frequent platform participants.

Mechanics:

• Creating a Raffle: Users initiate a raffle by selecting an NFT or SPL token as the prize, specifying the total number of tickets, and setting the ticket price in SOL or Diamond. Raffle creators can also set the number of winners, allowing for multiple participants to receive prizes. Holding ShinChan tokens provides access to increased ticket limits, enabling broader participation and potentially greater rewards.

Create raffle example

• Joining a Raffle: Participants can purchase multiple raffle tickets, with each ticket representing an independent chance of winning. Each ticket has its own unique winning probability, allowing for multiple wins if one user’s tickets are drawn more than once, resulting in multiplied rewards.

Claim ticket rewards

• User Tiers and Rewards: Raffle creators are categorized into tiers based on their ShinChan token holdings. To advance to a higher tier, users must achieve a specified number of successful raffles, as defined for each tier. As users progress, they receive greater benefits, including increased Diamond currency rewards for successful raffles and enhanced visibility within the platform. Higher tiers also offer additional incentives, such as exclusive access to premium features and events, encouraging users to engage more actively with the ShinChan ecosystem.

• Refunds: In the event that a raffle does not meet the required ticket sales or fails to complete successfully, both raffle creators and users who purchased tickets can request refunds. This ensures that all participants feel secure in their investments, with a commitment to protecting assets and distributing rewards only for successful raffles.

Raffle Reward Tiers:

• Tier 0: Earn 1 Diamonds 💎 for each raffle success.

• Tier 1: Earn 2 Diamonds 💎 per raffle. Requires 10 raffles to reach this tier.

• Tier 2: Earn 3 Diamonds 💎 per raffle. Requires 30 raffles to reach this tier.

• Tier 3: Earn 4 Diamonds 💎 per raffle. Requires 50 raffles to reach this tier.

• Tier 4: Earn 5 Diamonds 💎 per raffle. Requires 75 raffles to reach this tier.

• Tier 5: Earn 6 Diamonds 💎 per raffle. Requires 100 raffles to reach this tier.