- Crypto / Web3
- DAO / Community
A free play-to-earn raffle-based rewards platform that transitions new and existing Archway community members into advanced users by incentivizing on-chain exploration, learning, and community participation.
Archway.Fun is a raffle and giveaway based platform that aims to offer a captivating and engaging way for newcomers to immerse themselves in the Archway ecosystem, gaining knowledge and rewards as they go! The platform will focus on increasing interactions with Archway based smart contracts as well as increasing user adoption & providing valuable knowledge to the userbase.
From earning free entry tickets to winning valuable assets, users embark on a interactive and engaging journey. Through the use of "quests" composed of user onboarding and training, network update and feature highlights, and on-chain / community interactions, Archway.fun transitions users into advanced participants who generate revenue from their own minted art and NFT equity holdings as they grow with the network.
Three key areas will be the Platform Hosted Raffles, User Created Raffles, and Featured Raffles. Winners claim their prizes, and revenues flow to the creators, enriching both the platform and growing user base.
Each cycle (day/week), the platform will curate a number NFTs/$COIN and offer them for giveaway utilizing a smart-contract based raffle system. The token(s) will be sent to the contract (or other custodial wallet) to be delivered to the winning address upon completion of the raffle.
At any time, any user will have the ability to create a raffle for any NFT/$COIN they own (expandable to NFT/token "bundles"). Using a simple interface, the user will select the token(s) they wish to put up for the raffle, then set the parameters of the raffle (length, cost per ticket, number of tickets, max tickets per wallet, featured raffle options, etc.). The token(s) to be raffled will be sent to the contract (or other custodial wallet) to be delivered to the winning address upon completion and claim. Revenue from the raffle will be held in escrow in the smart contract (or other custodial wallet) until a winner is selected, at which time the revenue (minus any platform fees), will be delivered to the raffle creator's wallet. As more users participate and fill the platform with User Created Raffles, it will offset some of the need/pressure for Platform Hosted Raffles and focus can placed on Featured Raffles.
When a Platform Hosted Raffle is "special" (high value, part of a larger collaboration, a specially curated event to coincide with the drop of a new project, etc.) or when a User Created Raffle has been created and the user has chosen the "Featured Raffle" option, the raffle will appear in a special section of the user interface, as well as have direct appearances on social networks, etc. These Featured Raffles may also have other custom-defined parameters, for example, be exempt from the "Free Entries" requiring the user to make a purchase in $ARCH (or other $COIN). Featured Raffles can be leveraged when working with established/high-value NFT projects, as well as monetized for use by new/unknown projects.
Users acquire entry "tickets" via interactions with the smart contract during the sales period. These tickets can be simply purchased using $ARCH (expandable to other $COINs), or may be acquired by completing one or more "Quests". These "Quests" would include simple actions to either educate the user on a feature of the network (i.e. - "Connect your wallet", "Create an ArchID", or "Exchange $ATOM for $ARCH", etc.) or to spotlight another portion/smart contract of the ecosystem (i.e. - or "Stake 1 NFT/$COIN with a participating partner" or "Visit ABC.com and interact with dApp ABC to earn one free entry", etc). This type of community collaboration and spotlight can be leveraged when working with established/high-value NFT projects, as well as monetized for use by new/unknown projects looking for another vertical in marketing and exposure, similar to the Featured Raffles.
Once the sales period is closed, the smart contract can then be called to determine a winner and release any revenue in escrow to be claimed by the creator of the raffle. When a user connects a wallet to the platform that has won a raffle, a notification will appear, allowing the user to make a call to a "claim" entry point, verifying the claimant is the correct wallet, and delivering the token(s) to the winning wallet. When a user connects a wallet to the platform that has pending revenues, a notification will appear, allowing the user to make a call to a "revenue claim" entry point, verifying the claimant is the correct wallet, and delivering the revenue to the raffle creator's wallet.
The vision forward for this platform is to be the cornerstone of a full suite of free and paid luck-based experiences that can be added as modular features/sister platforms in the future, including an NFT Vending Machine, a Fountain of Luck, and a PvP Coin-Flip (to be submitted as future projects).
Archway.fun is developed by a dedicated blockchain/web3 team that is well established in the Tezos community, and has been involved with many of the top projects, artists and communities in that space. We are now expanding to include new project development on Archway! With years of experience in the web3/crypto space, bringing a successful project to launch that creates and fosters a growing community has become our passion.