Threshold System

Each raffle requires a minimum amount of ticket sales before drawing. Progress tracked real-time, refunds are available if threshold unmet.

Purpose

Our threshold system plays a critical role in maintaining the integrity and value of each raffle. The system ensures:

• Fair Value Distribution - Prizes are distributed at appropriate market values

• Platform Sustainability - Sufficient participation to cover costs and prize acquisition

• Market Alignment - Thresholds calculated based on current market values of prizes

How It Works

Clear Minimum Requirements

• Each raffle displays its minimum ticket threshold required for drawing

• Thresholds are determined based on the prize value and platform costs

• All requirements are visible before you purchase tickets

Real-Time Progress Tracking

• Transparent, real-time tracking of ticket sales progress

• Visual indicators showing percentage of threshold met

• Countdown timers for remaining raffle duration

Automatic Status Updates

• Threshold Met - When a raffle meets its threshold, it's marked for drawing when the timer runs out

• Threshold Not Met - If a raffle ends without meeting its threshold, participants can claim refunds

• Drawing Process - Once threshold is met and time expires, drawing occurs automatically

• All status changes are recorded on-chain for complete verification

This threshold system ensures that every raffle conducted on our platform is fair, sustainable, and aligned with true market values.