Introducing the DinoSwap Raffle!
Dear Dinos, we are happy to announce the launch of the DinoSwap Raffle! This will be the first of many deflationary and gamified features that we will be developing to sustain healthy growth over the years to come. The Raffle is a very basic game that will have very big prize pools and also incur DINO token burns. To play, users must purchase “tickets” using DINO tokens and then aim to be matched with the randomly generated winning numbers. Our plan is to promote the DinoSwap Raffle across Polygon to maintain constant awareness, so we encourage and expect many DeFi users to participate in the contests.
The DinoSwap Raffle
A raffle is a competition in which participants obtain numbered tickets, each of which has an equal chance of winning a prize. At a set time, the winning tickets are chosen based on the number of matching numbers.
- Unlimited entries per user — buy as many tickets as you want
- Weekly draws, Friday at 5 PM UTC (Daily Coming Soon!)
- 20% of proceeds will be burned, 80% is shared between the winner(s)
- The current version of the raffle is set for 2 winners per drawing. The contract allows for the possibility of selecting any number of winners, so this may change from time to time, and we will announce it if it does change.
- The contract is fully decentralized. The random number used to pick the winners is sourced from a Chainlink oracle and can be verified by anyone on-chain.
Documentation in the gitbook will be updated shortly and it will include more details. We expect changes to occur given the nature of farming platforms that require constant adjustments to combat inflation. We also plan to release a lottery game as well, which will complement the raffle drawings!
What’s Next
As you may already know, we have created an extensive update regarding our progress and upcoming milestones that can be found here. We are excited to continue developing with our expanded team. An AMM and additional features will be coming to the DinoSwap Jungle in the coming months. Meanwhile, more business partnerships are being constantly secured to increase liquidity and TVL in a sustainable way.
Keep a lookout for a prediction market that will launch on DinoSwap as well as our very own IFO (Initial Farm Offering) launchpad 🚀
The DinoSwap team is committed to becoming a prominent part of the Polygon Ecosystem by pushing the limits of what a simple “farming platform” can offer its users in terms of products and services. We are in the midst of a blockchain revolution and the best is yet to come.
About DinoSwap
💬 Discord
⚙ Github
