What, Why and How?
originX is a Charitable NFT Raffler, a decentralized application that allows users to participate in raffles where the prizes are non-fungible tokens (NFTs). The raffles are organized with the purpose of raising funds for charitable causes, making it a unique and impactful way to engage with the community and support philanthropic initiatives.
originx is a revolutionary way on how we invest, interact with valuable assets, and contribute to positive social impact.
In simple words, originX is a combination of opensea for NFT ethusiasts and GoFundMe for donators who raise funds for a cause. By listing their assests, NFT owners get an incentive of 5% of their set selling price (no bidding nor bargaining). while, the users buys tickets for raffles to get a chance to be a random winner of the NFT. On an average of 0.3 ETH goes to charity for every 1 ETH being raffled.
Is there any curator fees?
No, you own the fractional nft with no intended curator fee. if your f-nft worth 1 ETH, you will get 1 ETH if listed on the originx marketplace.
The F-Nfts can be listed in liqudity pools or staked, farming etc.. on external platforms.
Why originX?
In the world of NFTs, there is a growing demand for platforms that not only provide opportunities for collectors to acquire unique digital assets but also contribute to meaningful causes.
However, the current landscape lacks a dedicated platform that facilitates the creation and sale of NFTs through raffles with the primary objective of supporting a philanthropic initiative. This absence hinders the ability of artists, creators, and collectors to come together in a transparent and purpose-driven manner to make a positive impact on society with their assests.
There is a need for a platform that enables the creation and sale of NFTs through raffles, where the proceeds are directed towards charitable causes, fostering a community of philanthropic collectors and supporting various social initiatives.
How it works
For a detailed version of How it Works. please refer Creating a Raffle, Open RafflesCompleting a Raffle
Connect your wallet. (only available in testnets right now)
select the NFT you want to sell/raffle from. (don't have one? we got you covered Mint here;)
fill out the create form, set total tickets, end date and yupp. your first raffle is created.
spread the word and let the users buy tickets for the raffle.
pick a random winner aaaand boom! you've sold your NFT while also supporting a cause. (also got a 5% incentive)
How to pick a winner
Currently Linea Testnet does not support ChainLink's VRF, and hence only the NFT Mintable contracts and originX raffler contracts are deployed. You can create raffles, but cannot pick a random winner.
Also NFT owners should manually approve the originX contract address with their token using the chain explorer. More Info Here ->
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