T
T
TeaSwap
Search…
🎰
Raffle
Your chance to win 2 times twice a day!
The TeaSwap Raffles work as an IRL raffles.
Users can purchase a ticket with their SUGAR or TEASPORT tokens between draws. The ticket will give them one entry into the Raffle. After the winning numbers are drawn, if your ticket's numbers match the drawn numbers, you'll win stacks of SUGAR or TEASPORT! We have indeed 2 raffles raffle live!

Specifics

  • Raffle Ticket Fee for 1 ticket: 100 Tokens (SUGAR or TEASPORT) For SUGAR Raffle the amount has been voted by the community: find the results of the vote here)
  • Single User Raffle Entry Limit: No overall limit, but only 50 can be bought at one time through the UI
  • Paying for one ticket will give users a random 4 digit combination with each digit being between 1-14, for e.g. “1-9-3-2”

How to win?

To win the Raffle jackpot (50% of the entire Raffle pool), users need to match all 4 numbers on their ticket in the exact same order as the 4 winning numbers.
If you don’t match all 4, no need to worry. As long as you match 2 or more numbers in the correct order, you are guaranteed to win a prize.

Winning ratio?

  • Match all 4 numbers in the exact order = win 50% of the pot (or split the pot if more than 1 winner).
  • Match 3 numbers in the exact order = win or split 20% of the pot.
  • Match 2 numbers in the exact order = win or split 10% of the pot.
  • Burn the remaining 20% of the pot.
Please note - in the event that no participants were able to match 3 numbers on any draw, the 20% allocated to winners will then be burned accordingly.
For example, if the final 4 winning numbers are “1-9-3-2”:
  • “2-3-9-1” = match 0
  • “1-9-3-2” = match all 4
  • “1-9-2-2” = match 3
  • “2-3-3-2” = match 2
  • “1-2-1-2” = match 2

Raffle phases?

Each full raffle session is completed every 12 hours (2 per day), with the timings for each as below:
3 AM and 2 PM (UTC)
An example of a raffle session starting at 3 AM (UTC) is as below:

Phase 1 - Buy tickets (3 AM to 2 PM)

  • You have 11 hours to buy tickets.
  • The raffle jackpot will accumulate at the top of the page with each ticket bought.
  • Users will receive a ticket (comprised of 4 digits) for each 100 Tokens paid.

Phase 2 - Raffle draw! (2 PM)

  • The 4 winning raffle numbers are drawn and will appear on the page.
  • Each participant’s winnings will be automatically calculated based on their ticket numbers and shown on the page.
  • Users can claim winnings if they have any.
  • Users will also be able to see the raffle results: How many users matched all 4 numbers, 3 numbers and 2 numbers.

Phase 3 - Celebration and sharing (2 PM - 3PM)

If you won, congrats! Share with your friends or in our community groups.
The next raffle will start in 1 hour!

How are ticket numbers drawn?

The raffle aims to be completely random. Even though the ticket numbers given out are determined by a front-end logic, there is an extremely low chance that anyone is able to determine the 4 winning numbers ahead of time.
  • The 1st raffle number will be determined based on the %10 remainder of a hash encoded by the blockhash and the number of participating users at the entry deadline.
  • The 2nd raffle number will be determined based on the %10 remainder of a hash encoded by the blockhash and the total pooled cake balance at the entry deadline.
  • The 3rd raffle number will be determined based on the %10 remainder of a hash encoded by the blockhash and the timestamp of the last raffle participant at the entry deadline.
  • The 4th raffle number will be determined based on the %10 remainder of a hash encoded by the blockhash and the block difficulty at the entry deadline.
Last modified 4mo ago