Raffle Mechanics

Raffles are an exciting and popular form of entertainment within the gambling industry, raffle mechanics using $LEO, the native token of Alcazar. Raffles provide an interactive and thrilling experience for our users, giving them the opportunity to win valuable prizes and rewards through a randomized selection process.

With our raffle mechanics, participants can purchase raffle tickets using $LEO tokens. The more tickets a participant purchases, the higher their chances of winning. This creates an element of excitement and anticipation as users eagerly await the results of the raffle.

To ensure transparency and fairness, we leverage the power of blockchain technology by utilizing smart contracts to govern the entire raffle process. The purchase of raffle tickets, the allocation of the prize pool, and the selection of winners are all recorded on the blockchain, guaranteeing a verifiable and tamper-proof process.

Users can purchase entry tickets for any item of their choice and benefit from the transparency of the platform,knowing that their funds and personal information is secure and when a prizewinner decides to receive cash, their ticket will be raffled off and a cash alternative paid.

The team plans to build a sufficient user base to host a raffle with a $1,000,000 USDT prize, launch a live casino and sports betting in Q2, and a Powerball/Lottery with a revenue burn. In addition, there will be amazing contests and giveaways of tickets in ALCAZAR's official Telegram and Twitter.