Double your $BUSD with Rafflez
A new game is about to launch on Binance Smart Chain. It is a raffle/lottery-style game, but with the huge benefits of being on the blockchain versus the regular style lotteries. Every ticket has a high probability of doubling your entry! The launch is imminent, but we still don’t know everything, and some things might be subject to change.
The mechanics of the game look promising, fun and profitable at the same time.
The revenue model leaves 95% of the ticket revenue back in the hands of the players, with the lions share making sure that you stand a 40% chance to double your money.
No other lottery/raffle has anything close to those odds, be it regular 1.0 Lottery, a web2 game, or some other web3/DeFi game.
Read on as we dig a bit more into what Rafflez is, and why I think it will draw a crowd! Get yourself situated to join at launch, and find out how to buy into the protocol behind Rafflez.
Incredible chance of doubling your money
As mentioned Rafflez is a game on BSC, one of the most popular chains around, powered by BNB and BUSD in particular. The tickets will be purchased with BUSD, and cost $10 or $100 per ticket. Your ticket enters you into the daily $10 or $100 game. (edit: the different “rooms” are not set in stone. It looks like there will be a lower entry room, of $2 BUSD or so. There might also be different tiers, and the amount of rooms will probably increase as the playerbase increases.)
For each game 40% of the tickets, that’s 40 out of a 100 guys, will win $20 or $200 BUSD, effectively doubling their money.
Lets look at some probability numbers together for a daily game where you entered the $10 BUSD Room with two tickets. (Note that since we don’t know how many will enter into the game room on a given day, we will ignore the fact that there is one less ticket to compete with for ticket number two.)
- Probability of one winning ticket (break even): 48%
- Probability of two winning tickets (doubling both tickets): 16%
- Probability of either two winning or one winning tickets (break even or doubling): 64%
Those are rather amazing odds. Tell me of one other lottery, raffle or casino game where you have anything approaching the same odds!
The fun doesn’t stop there though, there is a chance to do much more than double your stake…
Daily Grand Prize
One participant in each room will win the Daily Grand Price and take home 10% of the entire daily pot!
The size of the jackpot will fluctuate, but with such high probabilities of winning a raffle, I would think that we can see thousands of tickets bought per day. Lets say ten thousand tickets are bought during one day for the $10 Room. The jackpot would then be no less than 5k $BUSD. The odds standing at 1/10000 in this example are really rather good considering the entrance cost, and the size of the jackpot. To put this into perspective: I looked up some lottery tickets available on the good ol’ web2, a pot of that size has an odds of around 1/200000, after accounting for differences in the costs of entering the game/buying the lottery ticket.
That’s 90% of the $BUSD straight back to the players. With a very high chance of doubling your stake(s). Only possible in DeFi.
Wait, you say, I thought you said the model left 95% in the hands of the players? After the daily winners are accounted for, we still lack 5%?
Correct you are, the revenue model so far leaves us with 90% of the Rafflez proceeds directly back into the pockets of the players. That’s huge compared to your regular raffle tickets. But we are on the blockchain here, so of course there is more!
Get your friends on-board!
Got some friends you want to introduce to Rafflez, or maybe a sphere of influence far surpassing a “friendly circle”? Rafflez has a referral system in place. As a Rafflez player you can invite people to join, and for eternity earn up to 5% of their ticket purchases as a referral bonus. The referral rewards accrue over time, and you will be able to claim them by simply playing a game yourself. The math here is pretty straight forward, for every game one of your referrals enter, you gain 0.5 $BUSD or 1.5 $BUSD. 10 friends, each entering the $10 room during a week equals 25 $BUSD in reward for you. 100 referrals, 5 games, 250 $BUSD. And so on.
Note that for the high roller room the referral reward is at 1.5 $BUSD, the remaining 3.5 goes to the treasury — more on that below.
Rafflez incentives
Rafflez can even be used as incentives. Want to reward someone? Gift them a Rafflez ticket! Want to give back to your community? Raffle out some Rafflez! Want to sweeten a deal of some kind, come follow my YouTube channel, Raffle out some Rafflez. And so on and on, my imagination does not suffice, but maybe yours do?
Note that this is still in development, and the finer points might change.
That leaves us with no less than 95% going back to the players of the Rafflez game.
What about the remaining 5%?
The developers behind this game, and the underlying protocol take their miniscule, and very fair, share of 5%. Those 5% get split between marketing, the devs and the treasury. Initially the full 5% will be going to the treasury, aka the contract balance.
An example of marketing is the current twitter competition, dealing out two prizes daily of 50 and 20 $BUSD (check out the Twitter here if you haven’t already). This is not the only promotion they have going, and won’t be the last. Exactly when, and how much of those 5% will be going to marketing/the devs we don’t know at the moment. Hopefully some, sooner rather than later — who doesn’t want to see good work rewarded? And good devs that keep producing quality web3 protocols and games?
Treasury, what treasury? This game is played with $BUSD and all winners get paid daily from the proceeds.
The answer is the primary protocol of the Rafflez devs: Ooze Finance.
The Ooze token lives on Fantom Network, and the main product it is used in is the daily ROI DApp Ooze.Finance. I’ve written extensively on Ooze Finance in other Medium articles, so instead of repeating myself I’ll link to some of them below. For now, suffice to say that in excess of 5% of the proceeds from Rafflez will be buying back Ooze from the market and feeding the contract balance, aka treasury. 10% for those tickets bought by someone without a referrer. A bullish new product by the amazing developers behind Ooze — these guys deliver quality content, on time, and one after the other.
Ooze is wildly under-prized at the moment, and with this game about to launch, as well as the amazing product WalletGram (link to read more about it below), Ooze is set to thrive even in the midst of a bear market.
Join me in the Rafflez
Depending on the finer points of Rafflez as rewards, I’ll set up a reward scheme for those that chose to use my referral address to join Rafflez. For now, rest assured, the rewards will flow both ways! If you like the sound of money, ie. of Rafflez, bookmark this article and pick up my referral address for when the game launches! I’ll make a second article announcing the launch, so you could consider giving me a follow to keep up-to-date as well.
If you want to check out Ooze head over to https://dapp.ooze.finance, and enter the manhole. There you can bridge over funds from your favorite blockchain with a few easy clicks, and get Ooze in your wallet. With ooze ready, go to the sewer to mint you NFT! Consider using @SlimeHive as your guru to join the Slimebees and the largest grand monastery in Ooze! SlimeHive offer max kickbacks, team-building assistance and other incentives for those contributing to the prosperity of Ooze!
Unlimited access to Medium stories!
Join Medium to enjoy unlimited access to the some of the mot enlightening and fun stories on the internet. You will support me (and all your favorite writers) in the process. It’s only $5 a month. I publish most of my articles as free to access, and therefore not earning me a medium fee when people read my stuff. If you become a member using my referral link, you would support my writing through the small cut I get of your membership fee.
NOTES
aka want to read more?
Deep-dive into Slime, the LP token for Ooze Finance
The Daily ROI App Ooze Finance is innovative in the space, one very innovative and opportunity-creating aspect is the NFT the stake is tied to.
Some thoughts on current price trajectory for Ooze
My journey towards passive income freedom
An Ooze Finance product soon to launch, gatekeeping and hosting for content producers, on the blockchain!
Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links.
