Jack's Raffle
Last updated
Last updated
Utilizing Bitcoin block hashes for weekly draws, it offers a tiered reward structure where holders can win parts of a dynamically scaled prize fund. Features include multiple holder tiers, a cumulative jackpot for all participants, and a rollover mechanism to increase future rewards.
Draws will occur once every 1,008 Bitcoin blocks (approximately one week), randomly selecting the winning tier, with each tier having a fair and equal chance to win.
Holder Tier 1
150,050+
100%
Holder Tier 2
75,050-150,000
80%
Holder Tier 3
25,050-75,000
40%
Holder Tier 4
5,050-25,000
20%
Holder Tier 5
2,500-5,000
10%
Each draw will randomly select one tier, and the prize fund designated for that tier will be distributed proportionally among the holders within that tier.
Holder 1
25,000
6.6%
Holder 2
50,000
13.3%
Holder 3
100,000
26.6%
Holder 4
200,000
53.3
Minimum Withdrawal: $50
The remaining prize money will roll over to the next draw, increasing the prize fund.
A separate jackpot fund will add 50% of the rolled-over amount.
During each draw, all participating holders across tiers will also have a chance to win the jackpot, which will be awarded to a single lucky winner.