Raffle Guidelines
Check the raffle guidelines before hosting a raffle or buying tickets.
Last updated
Check the raffle guidelines before hosting a raffle or buying tickets.
Last updated
If you are hosting a raffle, make sure to use the limit of tickets to price your tickets. Try to make the cost of each ticket x total tickets = just a little above the NFT floor in terms of value. This guarantees that the host of the raffle will not abuse it by buying many tickets worth above the NFT floor and making it more attractive to buyers.
You, as a host, shouldn't buy tickets to your own raffle. The feedback we got from the community is that this is something to "game the system" and get your tokens and NFT back without much risk of losing. If we identify any wallet/account doing it we will flag your account so buyers can see that you did this before. You won't be banned from the platform but your account will be flagged forever making it less attractive to buyers.
Another suggestion is to look at "ending soon" raffles of the collection you want to raffle and see if there are raffles ending around the same time as yours. That might hurt ticket sales due to the oversaturation of one collection being raffled.
1. Check the ticket price and check if 20% of them (max. per wallet) would go way beyond the floor price of the NFT. This is a flag that this raffle could be easily manipulated by a single wallet, usually the host. It's best to join a raffle where you can get 20% entries without having to invest above the floor price because, considering the ticket limit, this means I have a bigger slice of the pie.
2. Check the raffle owner's wallet address (go to the host profile and click on the pool.pm link we provide, check to see if its a new wallet) and the top entries of their past raffles, you can see if their raffles have been flooded with tickets (which means it's probably a scam). If someone is paying highly above floor price in their raffles it's very likely that this is not just a 'whale pulling the tides', but someone manipulating raffles.
3. Check how old is the Twitter account, discord account, and how many raffles the host created before and check the outcome too! Important to spot that since people are creating multiple accounts. So always good to buy from trusted hosts.
4. Understand how the queue and the raffles work.
Below is an example of a "healthy raffle" where you have: a fair ticket price because max tickets are 950 ADA which is just slightly above the floor price (950 ADA vs 830 ADA floor at the time the screenshot was taken)
