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Fair Launch: Early Key Raffle ​

Aspecta developes a particular launch mechanism, so that to provide everyone with a fair chance to buy early BuildKey and protects communities from robots.

📌 TLDR ​

  • Within the first 3~5 minutes (may vary by projects) after a pool's launch, it takes a "Buy with Raffle" mode.
  • A refundable anti-bot margin ($0.5~1 for one key) is required for participation.
  • The raffle randomly selects txns to execute, regardless of the txn order, gas price, and pay price.

💡 Step by step guide ​

https://medium.com/aspecta/build-key-fair-launch-early-key-raffle-0d58948defd6

💵 Refund ​

The cost of Fair Launch Raffle consists of key cost and anti-bit margin, both of which are 100% refundable upon unselected/failed transactions.

  • Key Cost: No further actions needed. Automatically refunded instantly after the raffle ends.
  • Anti-Bot Margin: Complete anti-bot PoH verification and claim manually on-chain on the webpage dashboard.

The rules may be further adjusted according to community feedbacks. Stay tuned.

📖 Mechanism ​

Within the first 3~5 minutes after a pool's launch, the pool operates in a raffle mode. Traders deposit a refundable fund to place a raffle order.

  1. Each address is limited to 1 order with a maximum of 20~100 keys (may vary by projects). This is to limit robots and protect the benefits of early traders and the remaining traders.

  2. To let more users obtain early keys, the allocated keys for each winning order will depend on the oversubscribed rate if the pool is oversubscribed.

  3. The orders are randomly selected, sorted, and executed shortly after. That means, traders who participate in the raffle will be equally selected regardless of their gas prices, and whether early or late of their txns.

  4. Failed/unselected/oversubscribed orders will be automatically refunded shortly after for their unpurchased key cost. The margin is designed to prevent bots, hence should be claimed manually on-chain. First-time users will be required to complete Proof of Humanity (PoH), a one-time process to verify eligibility for future claims: