Chapter 1: The Hosting Raffle

4 min readSep 9, 2022

It’s Raffle Time!!!

Everyone wants to get the most out of their investments, and we know that it is often difficult to obtain that ideal offer for which we would be willing to part ways with our NFTs.

What if we told you that by owning an AristoDog, you could get a better return on your investment than if you listed it on the secondary market, like you usually do, to get a sale?

Have you imagined having the possibility of obtaining that NFT that you always wanted, but that you cannot afford to pay, because the price of its floor is very high? Yes we are talking about Meerkats, Skulls, Boomers or even a Loaded Lion for let’s say… 50 CRO?

Well, let me tell you that we have you covered…

With our raffle system, you will be able to price your NFTs higher than what you would get on the secondary market, regardless of whether you wanted to sell it on the floor or for a higher price. Sure, but… who pays for the party?

Well, the idea is to split that dream price tag of yours among a few people… but only one of them will be the winner and take that NFT home.

If you want to sell your NFT, you only have to decide 3 things:

1) The selling price of your NFT.

Decide at what price you want to sell your NFT. Very cheap, fair enough or very expensive… it will depend solely on you!

2) The number of tickets you want to sell in your raffle.

You can choose between setting a min. of 20 and a max. of 250 tickets to participate in the raffle.

The more tickets there are, the lower each ticket will cost, but also the chances of winning for each ticket holder will be lower. Make sure each ticket is affordable and the odds of winning are attractive for a successful raffle.

3) The time the raffle will last.

Ideally, the raffle should remain open until all tickets are sold. However, it can’t last forever… Therefore, you should set a duration limit between 02–168h (a week). After the established time runs out, if all the tickets have not been sold, the winner will be chosen automatically* and the NFT will be sent to their wallet.

Considerations:

- You will be able to participate in the raffles, regardless you own or not an AristoDog NFT. Nevertheless, holding one will have it’s benefits.

- For the moment, the purchase of tickets will be only in CRO.

- 1 Ticket = 1 Entry. The more tickets you buy, the greater the chance of taking home the prize.

- To list any NFT for raffle, 25 CRO listing fee will be charged and locked away. After the sale is made this amount will be deducted* from the standard sales fee.

- *If after the time limit established for the raffle not all the tickets have been sold, 2 things can happen:

a) If the number of tickets sold is greater than 70%, the raffle will be executed normally, among the share of tickets sold so far and the 25 Cro listing fee will be sent back to the raffle host.

b) If the number of tickets sold does not reach 70% of the total selling prize, the raffle will be canceled and the money will be immediately returned to each ticket holder and the 25 Cro listing fee will be kept as a penalty to the raffle host.

NOTE: after every raffle ends, the owner of the raffle or the web admin will need to press the button “Draw Winner” to end the raffle and deliver the NFT to the new owner.

Royalty Distribution:

At the end of each raffle, the distribution of the funds raised by each sale will depend on whether the seller holds an Aristodog, the NFT of a project partner or if they do not hold any of these.

If you are an Aristodog Holder:

- 1,5% for AristoDogs.

- Variable % for the projects owner. (It will be variable and determined by every project owner, like they do on EbisusBay or other secondary markets right now).

- The remaining % will go to the raffle host.

If you are a Partnered Project Holder:

- 3% for AristoDogs.

- Variable % for the projects owner.

- The remaining % will go to the raffle host.

If you don’t hold an AristoDog or a Partnered Project NFT:

- 5% for AristoDogs.

- Variable % for the projects owner.

- The remaining % will go to the raffle host.

For Example: A CroSkull gets raffled by “BoneHead77” for 5000 CRO.