๐ P2P RAFFLE the NEW META ๐
@FamousFoxFed recently launch a permissionless RAFFLE system, where anyone can create a raffle for a list of tokens, including $FOXY, $ASH, $VIBE, $DUST and a lot more.
rafffle.famousfoxes.com/
Lets talk how you can take advantage of it ๐งต
The lottery market is a huge for centuries, people are historically willing to pay a small portion to gain a big prize even if probability is very low.
The main factor for the rentability of the buyer or the seller is the amount received on ticket sale vs the Prize
USD amount on the Tickets SALE > PRIZE - SELLER is happy
USD amount on the Tickets SALE < PRIZE - Buyers have a good RisK/Reward
Seller dream ๐ธ
โ๏ธ Considering that people are willing to pay a small portion to gain a big prize, with right marketing strategy, the prize could be way higher than selling on the market.
Example, 3 hours to expiration
โ๏ธ 880 Tickets SOLD
โ๏ธ 0.25 $DUST per ticket
โ๏ธ at 2$ per DUST
- 5% fee to FFF service (2.5% for FFF holders)
= 8 SOL
If the same NFT was sold on the market 4 SOL FP and with 10% Fees, the seller would receive 3.6 SOL
123 % bonus using the raffle
Buyer dream ๐ธ
โ๏ธ Considering there is NO MINIMUM tickets to be SOLD and the buyer cant edit or cancel there is a HUGE opportunity to enter raffles less popular on last minute as the:
Total collected by the tickets < Prize
Example,
โ๏ธ 235 Tickets SOLD
โ๏ธ 50 $FOXY per ticket
โ๏ธ at 0.00648 $ per FOXY
- 5% fee to FFF service (2.5% for FFF holders)
= 1.4 SOL
If the same NFT was sold on the market 3.32 SOL FP and with 9% Fees, the seller would receive 3 SOL
50% loss
11/ Conclusion
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People are historically willing to pay a small portion to gain a big prize.
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A market research to understand the demand is very IMPORTANT. As a SELLER of the tickets is super relevant to make right marketing strategy with the token and collection choice.
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As a Buyer of the tickets is very important to try to choose the right rattles where the amount collected is lower than the prize as the risk reward is way more attractive and pray for a JACKPOT