Any ticket number with the last digits matching is designated a winning ticket. After the pool closes, winning numbers will be determined by hashing a block, multiplying it by the timestamp, and matching the last digits of that number with user ticket numbers. The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit in the pool. Alice claims her 3 Drop Boxes from Raydium and can immediately redeem her 3 Drop Boxes on the HOAG Network website for 3 NFTs or choose to trade her Drop Boxes on Serum and allow someone else to claim. Example: Alice claims 5 SOL for her 5 non-winning tickets and Bob claims his 3 SOL for his 3 non-winning tickets.Users can then redeem their Drop Box on the HOAG Network website (details below). Bob has 1 winning ticket for 1 SOL.Ĭlaim: Once the lottery is complete users will be able to claim their SOL for any tickets that did not win as well as claim their Drop Boxes for winning tickets. Example: Alice has 3 winning tickets and will receive 3 Drop Boxes for 3 SOL.The Drop Box can be redeemed on the HOAG Network website for a random Munk NFT. Lottery: Once the pool closes, the lottery will take place, and winning tickets will receive a Drop Box for 1 SOL, each. Bob deposits 4 SOL to ensure all of his tickets are entered in the lottery. In Alice’s case only 8 tickets will be entered in the lottery. Alice deposits 8 SOL, even though she has 10 tickets, to ensure that 8 of her tickets are entered in the lottery.Users can choose to deposit less than their total ticket allocation, however, tickets without a matching deposit will not be entered in the lottery. Bob staked 100 RAY before the 2-day deadline and will receive 4 tickets, 1 for 10 RAY staked, 1 for 30 RAY staked, 1 for 50 RAY staked and 1 for 100 RAY staked before the 2-day deadline.ĭeposit: When the pool opens, users will need to deposit 1 SOL for each ticket for it to be counted in the lottery. IMPORTANT: Drop Boxes must be redeemed on the HOAG Network Website by November 3, 14:00 UTC.Įxample: Alice has 10 tickets as the above example. Total Drop Boxes: 5,000 Drop Boxes, each redeemable for 1 NFTĪllocation for winning ticket: 1 Drop Box Total NFTs minted at launch: 5,000 Munk NFTs Each Drop Box token can then be redeemed on the project’s website to mint one original NFT from the project collection at random.Each winning ticket can claim a “Drop Box” token which represents one NFT allocation.When the DropZone pool opens, users deposit SOL to enter tickets in the lottery for an NFT allocation.HOAG Network’s Munk NFT DropZone launch: DropZone Process Overview: This article will cover the two sections: 1) the DropZone launch on Raydium 2) Drop Box redemption for an NFT.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |