Raffling

Raffling Overview Raffling is going to be a huge part of the projects utility it will not only be a way in which we can reward holders but also a way in which we can create a revenue stream. Holders Raffles

We believe its important that our holders are rewarded as much as possible, if the project is making good profits then the holder rewards will be increased. All holder raffle tickets will be purchasable in the $DUG Token. Royalties and profits from the project will be combined and placed into a holder rewards wallet, this wallet will be used to purchase NFT for regular holder raffles, this will be done on a weekly/bi-weekly basis. The plan is that in time we can have constant on going raffles for holders and get to a stage where we can raffle off blue chips. Non-Holder Raffles Non-holder raffles will be a way in which we can bring revenue into the project, we have several ways in which we plan to do this. The non-holder raffling site will be fully automated anyone can create a raffle, for $ADA, once the raffle is created the Raffler would pay a rent fee, the rent fee is where the project makes its money, the NFT being raffled will go into an ESCROW wallet owned by the project, and once the raffle ends the winner will be able to claim the NFT and it will be transferred to them. The raffler will recieve 100% of the raffle ticket sales, we would just keep the rent fee. The rent fee will be a % of the estimated total raffle ticket sales, for example a 200 ADA Floor price NFT maybe 100 Tickets at 3 ADA each, total sales would be 300 ADA, the rent fee would be around 5-10 ADA which the raffler would pay prior to starting the raffle, he then would recieve the full 300 ADA if the raffle sold out. Rent fee percentage has yet to be decided, but will be less than 10% of total raffle sales. On top of this holding a Dug Father NFT would mean you do not have to pay the rent fees on any raffles that you create for ADA, there will also be an option where you can pay a small extra fee to have your raffle promoted on a scrolling banner at the top of the raffle site.