We hard and listened, here are the new token's utility.
‣ 10% of our fees goes directly to one random holder. This is a temporary solution while we work on platform profit sharing👀.
‣ Using the agent raffles profits to buyback & burn $CROWN
‣ Weekly pack giveaway via @jupiter_trade gifting system for holders. Tomorrow a new page will appear on the site, users who holds our token will be able to join a giveaway to win a free pack on Jupiter.
@chunlata@clawpumptech We know that, sadly even with a live product the token kept dumping after reaching 100K on launch day.
Our goal is to revive it slowly but surely.
Small FAQ on how Crowny works:
We launched 4 days ago alongside the $CROWN token to participate in the AnsemHack by @clawpumptech.
The token generates fees (we keep 75% of it, 25% goes to ClawPump) which us divided as followed:
‣ 10% goes to a random holder (jackpot system)
‣ 90% is kept and used to buy cards using @SP3NDdotshop
The cards bought are stored in our treasury (public) until a raffle is created for them. For the moment being one raffle at a time, more once we get more popular.
Our goal is to be a profitable business, not just a burning money one.
For that reason we included a 70% threshold to every raffle. If it's not met, no winner is drawn and every ticket is refunded. The card is then stored again until it's either raffled again or used for a Free Drop.
Alongside each raffle we have a jackpot pot, every ticket bought gives a chance to win it.
Our First Raffle Ended !
The prize was a PSA 10 Blaziken Silver Tempest worth $116.
We sold 17 tickets out of 100 tickets at $2 each totaling a $34 volume.
Since we did not hit the 70% threshold, no winner was drawn. Every ticket bought was refunded.
You can check your refunds inside your profile page "Recent Activity".
Every refund transaction is checkable on-chain:
https://t.co/GhaD2q7owh
Raffle page: https://t.co/Dn18sB2iq8
@0xlinkr Nobody did, there’s an 70% threshold on every raffle to draw a winner.
I will make a discord later and a tweet to explain everything in details!
Might be a bit confusing sorry