Pylon <> Galactic Punks Lossless Raffles!

So, how do lossless raffles work?

There are two Pylon Pools, a $UST pool and a $MINE pool. In total, Pylon will be giving out a total of 100 Galactic Punks via a time-weighted lottery-based system. Both of these pools are lossless and you can withdraw your $UST deposits or unstake your $MINE at any time.

Tickets are distributed every second after the “Ticket Counting Start Date.” At draw time (every 5 days), we will randomly select one winner from all the tickets distributed. After a winner is chosen, the lottery is reset and depositors will begin reaccumulating tickets. If you want to continue participating in the subsequent lottery, you can leave your $UST deposit as is.

$UST Pool:

• The $UST pool will run for 350 days with one draw happening every 5 days. In total, 70 Galactic Punks will be given to depositors.
• For every $10 UST staked, you will get (1) ticket (10 $UST = 1 Ticket / 20 $UST = 2 Tickets)
• Every 5 days, a winner is randomly selected from all of the distributed tickets to receive a Galactic Punk.
• Users can remove deposited $UST at any time and ticket distribution will begin reflecting the new deposit amount immediately.

80% of all yield generated from this pool will go to the Galactic Punks Treasury, and 20% will go towards $MINE buybacks.

$MINE Pool:

• The $MINE pool will run for 150 days with one draw happening every 5 days. In total, 30 Galactic Punks will be given to depositors.
• For every 100 $MINE staked, you will get (1) ticket (150 $MINE= 1 Ticket / 200 $MINE= 2 Tickets)
• Every 5 days, a winner is randomly selected from all of the distributed tickets to receive a Galactic Punk.
• Users can remove unstake $MINE at any time and ticket distribution will begin reflecting the new deposit amount immediately.

We’re so excited to be partnering with Galactic Punks to test out NFT lotteries. If this experiment is successful, we will be looking to help other amazing NFT projects promote or launch on Pylon. Good luck!