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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 5 minutes (may vary by projects) after a pool's launch, it takes a "Buy with Raffle" mode.
  • The raffle randomly selects txns to execute, regardless of the txn order, gas price, and pay price.
  • Raffle participation is permissionless, but successful PoH verification is required to claim the raffle keys and refunds.

💡 Step by step guide ​

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

📖 Mechanism ​

Within the first 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).

  2. 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.

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

  4. Once the raffle ends, users will instantly see the total oversubscription rate, claimable keys, and refunds.

  5. PoH verification will be required when obtaining claimable keys & refund of winning raffle orders. Just simply click the "claim" button in the raffle result window.

  6. The PoH verification is designed to prevent bots. First-time users could complete PoH in the following, a one-time process to verify eligibility for future claims: