POAP Fun is a tool that can be used by anyone to create raffles only open to holders of specific POAPs. It is often used by groups that would like to further reward and engage with community members for participating in a past event.
-
How does it work?
When a POAP.fun raffle is created, a number of POAPs may be specified that qualify holders to enter the raffle.
Enabling the "Weighted chance" option allows entrants who hold multiple qualifying POAPs to be represented with multiple entries. For example, if a user holds only one of the qualifying POAPs, they'll be represented only once within the pool of entrants. If a user holds four of the qualifying POAPs, they'll be represented four times. This allows for interesting reward mechanisms that incentivize long-term engagement and contribution from community members, as they'll receive a higher chance of reward based on how many POAPs they hold.
Prizes are also specified during raffle creation and can include anything the raffle creator desires. There is no limit to the number of prizes that can be distributed via a single POAP Fun raffle.
How do participants know the results are not rigged?
POAP Fun uses an elimination system based on the POAP token ID and the gas usage of Ethereum blocks. The last number of the gas spent on the block the raffle starts is used to eliminate all the POAPs with an ID ending in that digit. Results are fully auditable using easy-to-operate, open-source tools.
Do entrants have to remain attentive to the raffle draw?
No! Participants need only sign a message with their Ethereum wallet to enter. They can visit the website during the raffle to see the elimination in real-time, but it’s not a requirement.
-
What does POAP Fun cost?
Nothing! POAP Fun raffles are entirely free.
...
To keep up to date, subscribe to our Newsletter, follow us on Twitter and come join the conversation on Discord.
