🎟️Raffles

https://app.jexchange.io/raffles

The “Raffles” interface allows users to create permissionless lotteries.

A lottery meets the following requirements:

• A start date and an end date

• A token identifier

• One price per ticket

• Number of winning tickets

On each ticket, a % of token amount is burned, another % is used as raffle owner royalties, another % is used as JEX platform fee, the remaining feeds the prize pool. The breakdown is detailed below.

The draw is carried out by a smart contract, the code of which is open source.

Ticket payment breakdown

(JEX protocol fee amount) = (ticket price) * (% JEX protocol fee)

(net ticket price) = (ticket price) - (JEX protocol fee amount)

(burned amount) = (net ticket price) * (% burn)

(owner royalties) = (net ticket price) * (% owner royalties)

(prize pool) = (net ticket price) - (burned amount) - (owner royalties)