Learn About SnagRaffle

SnagRaffle is composed of three main components: the Raffles and Swag platform, the Launchpad, and the $SGRF token. Each element is designed to provide a comprehensive and engaging experience, integrating blockchain technology to enhance transparency and inclusivity.

The $SGRF token powers an ecosystem where every transaction fuels liquidity, supports burns to enhance the token’s value, and contributes to future development. This creates a secure, rewarding, and innovative environment for all participants.

External Revenue Streams

All revenue generated from Raffles, SnagSwag, and the Launchpad is directed into the Operations wallet as USDC. This consolidated revenue provides essential funding for operational costs across the entire SnagRaffle ecosystem. It also supports development, marketing, and any future scaling and expansion needs, ensuring the platform remains adaptable and well-equipped to manage future challenges.

This ensures the sustainability and continued growth of SnagRaffle, making it a resilient ecosystem for users and token holders alike.

Raffles

Users purchase raffle tickets, using cryptocurrencies from supported chains: Ethereum, Polygon, Binance Chain, Solana, Arbitrum, Optimism, Base, and Avalanche. These payments are automatically converted to stablecoins and deposited into the Operations Wallet for fund management.

Raffles are listed on SnagRaffle.com and prizes can range from cyrpto, gift cards, tools, electrics, electric bikes and vehicles, laptops, games systems, and so much more!

Tokenomics

Liquidity
2.5% of each transaction is allocated to liquidity. Half of those funds are used to purchase the liquidity pairing USDC (USD Coin) and the other half remains as tokens. Both are then deposited into the liquidity pool.

Burn
A 1.25% tax is directed to a burn mechanism, where tokens are permanently removed from circulation. This reduces the total supply over time, creating a deflationary effect and driving up the value of the remaining tokens.

Operations

A 1.25% tax is allocated to the operations wallet. This wallet ensures the project has sufficient funds to cover ongoing development costs, marketing initiatives, partnerships platform expenses, future exchange listings, and other operational needs.

Diamond Handed Reward Purchases

For every 100th purchase across the entire community, the contract will automatically reward the buyer with an additional 10% of their purchase if the purchasing wallet is a current holder, and has never sold or transferred tokens.

The contract will keep a counter of every buy, and any Diamond Handed Buyer who has the 100^th purchase, 200^th purchase, 300^th purchase, and so on, will receive an additional 10% of that purchase. The additional tokens will be included as part of that purchase. This reward is coded into the contract and never expires.

Monthly Burn Provided by Platform Sales

The $SGRF token incorporates an additional burn system that occurs monthly, designed to support scarcity and increase token value. At a random time each month, the amount of $SGRF tokens equivalent to 10% of the gross sales from SnagRaffle.com during the previous month is burned.

Maximum Transaction Amount

The Max Transaction Amount function is designed to limit the size of any individual buy or sell transaction to a maximum of 5 billion tokens. This restriction ensures that no transaction can exceed the defined maximum, which helps prevent market manipulation by large trades that could drastically impact the price.

However, it is important to note that this limit applies only to the size of the transaction itself, not to the total holdings of a wallet. In other words, a wallet can hold more tokens than the maximum allowed in a single transaction, allowing users to accumulate as much as they want over time while still maintaining transaction size limits for fairness and stability.

Initial Launch Vesting

The initial launch vesting period is for 14 days starting from the public launch of the contract. This vesting period ends 14 days after the contract’s launch and cannot be reactivated. The advantage of this function is to protect against immediate bot attacks by restricting token sales during the early stages of the launch.

This ensures that bots cannot manipulate the market by quickly buying and selling tokens for quick profits. This ensures all holders see a positive price chart during the crucial first month of trading.

Transaction Cooldown

The cooldown function places a 20 second restriction on sells after each buy or sell that a wallet makes. This prevents rapid buying and selling, or multiple sells within that 20 second timeframe. This function also helps mitigate front-running by bots. The mechanism prevents a wallet from selling immediately after making a purchase, requiring a cooldown period of 20 seconds before any sell transactions can occur.

This effectively means that any bot attempting to frontrun a purchase (by quickly selling or buying right after another wallet) would be unable to sell within that 20 seconds. By enforcing this cooldown, bots that aim to take advantage of price slippage or immediate trades are restricted, as they cannot execute their sell order right after a buy order has been made. This strategy makes it harder for bots to exploit short-term price changes for profit.

Launchpad

The SnagRaffle Launchpad provides an innovative and secure way for crypto projects to conduct presales, offering a comprehensive set of features designed to enhance flexibility, accessibility, and security. With a focus on streamlining the presale process, the Launchpad offers a unique approach that empowers both new projects and their communities.

This forward-thinking system ensures bot-proof functionality, while providing a payment structure that makes presales more accessible for emerging projects, allowing them to scale effectively.

Launchpad Options

Standard Presale Option: Set a start and end date for the presale, creating a defined timeframe for both the project and participants.

Presale Pause, Resume, Extend, and Revive: This revolutionary feature allows projects to pause a presale and resume it later, extend the presale duration, or even revive a closed and unfilled presale. These actions can be requested as often as needed if no purchased tokens have been refunded. This flexibility ensures that projects can adapt to changing market conditions or capitalize on extended interest.

Private Listing Option: Restrict presale access to a select group of participants by whitelisting buyers or limiting participation to a project’s community.

Early Buyer Discount: Projects can offer a special discount to early buyers, encouraging participation during a defined start and end timeframe. This feature rewards early adopters and generates excitement ahead of the presale launch.

Presale & Launch Info