When you create a raffle, the NFT prize you have selected will be automatically transferred from your wallet into the smart contract itself, where it is securely held for the duration of the raffle. The prize never touches a personal wallet, and nobody — not even the team — can move it until the raffle is drawn.
You will be charged an up-front refundable deposit of 0.05 ETH when creating a raffle. This deposit will be automatically refunded once the raffle concludes.
CHOG Genesis NFT holders who have staked their NFTs prior to creating a raffle will receive a 50% off fee discount. Their raffles will also be featured in the "Highlight" section on the platform's homepage.
If no tickets are sold for your raffle, your NFT will be returned to you. However, if at least one ticket is sold, the NFT will no longer be refundable to the raffle creator.
You can specify the duration of your raffle when creating it. All raffles must run for a minimum of 24 hours and a maximum of 30 days.
Chogffle will charge a 5% commission fee on the total revenue generated from raffle ticket sales.
Raffles CANNOT be edited or canceled once at least one ticket has been sold.
Purchasing tickets for your own raffle using alternative wallets is strictly prohibited. Any raffle found engaging in such activity will be flagged as suspicious and removed from all search results on Chogffle.
