Examples of how partners can utilize PollyPrize raffles.
PollyPrize’s flexibility allows for various raffle types tailored to your project’s goals. Here are some common ways partners can leverage the platform:
Raffle Your Asset, Pay with Your Token
Goal: Increase utility for your token and reward your community by raffling a valuable asset (like an NFT from your collection or a significant amount of your own token).
Configuration:
Prize: Set to your NFT or token bundle.
Payment Method: Configure the raffle to accept your project’s token as the primary way to buy tickets.
Token Burn: Choose to have PollyPrize automatically burn a large portion (or all) of your tokens collected from ticket sales, reducing supply.
Outcome: Drives demand for your token as users need it to participate. The burn mechanism adds deflationary pressure. You provide the exciting prize.
Exclusive Free Raffle for Holders
Goal: Reward loyal holders or specific community segments with a chance to win a prize for free.
Configuration:
Prize: Set the desired NFT or token prize.
Entry Cost: Configure as Free Entry (e.g., 1 free ticket per eligible wallet).
Entry Requirements (Gating): Restrict entry based on:
Snapshot / Allowlist: Provide a list (Merkle Root) of eligible addresses (e.g., top holders, specific Discord roles, early members).
Token/NFT Holding: Require participants to hold a minimum amount of your token or at least one NFT from your collection.
Delegated Wallets: Supports users claiming their free entry using their Abstract wallet, even if eligibility is based on a linked wallet (like their L1 address holding your asset).
Outcome: Creates an exclusive reward mechanism, accessible only to verified community members or asset holders.
Flash Raffle (Limited Time)
Goal: Generate immediate buzz and encourage quick action within your community.
Configuration:
Set up any raffle type (paid, free, gated).
Define a short duration using specific Start and End Times (e.g., 24-hour or 48-hour window).
Outcome: Creates excitement and urgency, ideal for special events or announcements.
Fixed Odds Raffle (Limited Tickets)
Goal: Offer clear, calculable winning odds, often used for high-value prizes where scarcity is desired.
Configuration:
Set the prize and ticket price.
Define a Maximum Total Tickets limit (Hard Cap). The raffle ends automatically when this number is sold.
You can optionally set an End Time, but the ticket limit takes precedence.
Outcome: Provides participants transparency on their exact odds (1-in-X). Creates ticket scarcity.
Open Edition Raffle (Time-Based)
Goal: Maximize participation over a set period without limiting the number of tickets sold.
Configuration:
Set the prize and ticket price.
Define clear Start and End Times.
Do not set a Maximum Total Tickets limit (leave as unlimited/0).
Optionally set a Minimum Tickets Sold target (Soft Cap) required before the winner can be drawn after the End Time passes.
Outcome: Allows anyone interested to participate during the raffle window. Odds evolve as more tickets are sold.
Engage Your L1 Community (Cross-Chain Gating)
Goal: Allow holders of your assets on Ethereum L1 (or another supported chain) to participate in raffles on Abstract.
Configuration:
Provide PollyPrize with a Snapshot/Allowlist (Merkle Root) of your L1 holders.
Set up the raffle on Abstract using this list as the Entry Requirement (Gating).
Outcome: Your L1 community members can join the Abstract raffle. Thanks to delegated wallet support (using AGW), users can connect with their Abstract wallet and prove eligibility based on their linked L1 address seamlessly, receiving any earned PP on their Abstract wallet.
These examples illustrate the versatility of PollyPrize. Discuss your specific objectives with the PollyPrize team to craft the perfect raffle configuration for your project and community! Find out more about Configuration Options.
