🏙️How Raffles Work

Smart Contracts and Fairness:

  1. Smart Contract Assurance: Our raffles operate on Ethereum's smart contracts, ensuring absolute fairness and transparency throughout the entire process.

  2. Immutable Transparency: Once deployed, the smart contracts are unchangeable (immutable) and transparent, guaranteeing the raffle's fairness and integrity, visible to all on the blockchain.

Minting Functionality and Ticket Generation:

  1. Ticket Creation: The smart contract's minting function generates unique NFT tickets for the raffle. Each ticket is one-of-a-kind and tamper-proof, securely maintained within the blockchain.

  2. Equitable Allocation: The automated ticket minting ensures a level playing field. No bias or manipulation can influence ticket distribution.

  3. Diamond Vault Key Holders: Diamond Vault Key holders receive ongoing benefits, gaining free entry tickets to all TheVaultDAO raffles as a lasting reward for holding a legendary NFT in their wallet.

Participating in the Raffle:

  1. Acquiring Tickets: To enter, acquire these NFT tickets directly through interaction with the smart contract. Their ownership is recorded transparently on the Ethereum blockchain. Instructions will be given through our community Discord.

  2. Transparent Ownership: The blockchain logs all ticket transactions, providing participants with verifiable proof of ownership.

Winning and Rewards:

  1. Random Selection: Once all tickets are sold, the smart contract conducts an unbiased random selection to determine the winning ticket. This process is fully transparent and beyond any human intervention.

  2. Automated Rewards: The smart contract autonomously delivers the prize (ETH) to the winning ticket holder's wallet address without any manual interference.

Raffles Conclusion:

Ticket Removal: At the end of each raffle, all tickets (NFTs) are automatically removed from losing participants' wallets, concluding the current raffle round and preparing for future events.

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