HOW DOES RAFFLE WORK?
1. Raffle registration
The user enters the raffle in Raffle’s
system. The platform then verifies that the
raffle is feasible, the product exists and
sets a guarantee that must be provided
by the owner of the raffle. This guarantee
will allow the users participating in the
raffle to be sure that they will get the
product if they win. The guarantee will be
done in a fully decentralized way, and
will be automatically released once the
product is shipped. Once all the
information is validated, the raffle is
registered.
2. Reserve numbers
If the raffle has a
minimum number of
tickets to be sold in
order for it to take
place, then once the
raffle is registered, then
the collection of
interested parties
begins. The interested
users will reserve their
tickets to be part of the
raffle.
3. Start of sale
Once the minimum number of tickets is
reached, the raffle is approved. The sale
of numbers is triggered and the
confirmation of previously made
reservations takes place. Users must send
the founds for their tickets at this point
and they will receive the amount of
tickets they paid for. The owner of the
product won’t get any money at this
stage.
4. Lottery
The raffle platform sets and carries on with the
draw is carried out. This will also be made in a fully
decentralized way so there are no risks. The draw
finishes with one winner for the raffle. The seller of
the product ships the product, the payment to the
owner is released once shipping has been
confirmed and the winner receives its prize!
It is important to note that: (i) all the costs related to custom clearance of the product and international transportation shall be borne by the winner of the prize, and (ii) all costs related to domestic shipment of the product shall be borne by the original owner.
Tired of those fake Instagram giveaways? Join Raffle and be part of the real and honest raffles!
SCAM ALERT!!


