🎫Magic Raffles

Participate in Magic Raffles with guaranteed winners, running multiple times a day, and get your chance to win big while supporting the SQR ecosystem.

🎟️ How to Participate

Step 1: Connect Your Wallet

• Make sure your wallet is set to the Binance Smart Chain (BEP20) network.

• Click on the "Get Tickets" button.

Step 2: Select the Number of Tickets

• Decide how many tickets you want to buy.

Step 3: Choose Your Payment Method

• USDT (BEP20): Pay the fixed USD ticket price set at the start of the raffle.

• SQR: Pay the equivalent value in SQR, calculated dynamically based on the USDT/SQR price at the time of purchase.

Step 4: Complete Your Purchase

• Ensure you have BNB for gas fees (around $0.30 per ticket).

• Gas fees may be higher because we use the Chainlink VRF system to ensure fairness, and each ticket is recorded on-chain.

✅ Key Notes

1. Gas Fees: Set your gas price to 1 gwei to optimize costs.

2. Wallet Transactions Only: Raffles are not connected to MagicID. Deposits for ticket purchases and rewards are paid directly from and to your wallet.

🤝 Promotions and Bonus Tickets

To reward participants and offset gas fees:

• Receive 1 bonus ticket for free for every 10 tickets purchased in the same raffle.

• Bonus tickets are added automatically and increase your chances of winning without additional costs.

💵 Ticket Pricing

The ticket price is pegged to a fixed USD value at the start of each raffle (e.g., $3).

Payment options:

• USDT (BEP20): The price remains fixed in USDT for the duration of the raffle.

• SQR: The price in SQR is calculated dynamically based on the USDT/SQR rate at the time of purchase.

💸 Where to Get SQR?

Step 1: Change Your Wallet to BNB Network.

Step 2: Import $SQR Token To Your Wallet

• Click the three dots and select "Import Token."

• Paste the SQR Contract Address into the search field. The Contract Address (CA) for SQR is: 0x2B72867c32CF673F7b02d208B26889fEd353B1f8.

• Click "Next," then "Import," and you're all set.

Step 3: Get SQR

• PancakeSwap: Trade USDT for SQR

• 1inch: Swap USDT for SQR

• Cross-Chain with Rango Exchange: Bridge tokens to BNB and acquire SQR

• Buy with Card via Banxa: Purchase SQR directly

• ByBit: Trade SQR/USDT

• KuCoin: Trade SQR/USDT

• Gate.io: Trade SQR/USDT

🏆 Prize Pool Management

• All prize pools are held in SQR.

• USDT Payments: Tickets purchased with USDT are immediately used to buy back SQR from the market and added to the prize pool.

• This buy-back process increases SQR trading volume and supports its market value.

• The estimated USD value of the prize pool is displayed in the dApp, reflecting the current SQR/USDT rate.

🎯 Winners and Fairness

We ensure fairness and transparency using the Chainlink VRF (Verifiable Random Function).

• Randomness: Chainlink VRF generates a secure, tamper-proof random number on-chain.

• Transparency: The process is publicly verifiable on the blockchain.

• Multiple Winners: Each raffle can have multiple winners. The number of winners is predetermined and displayed in the dApp.

🎁 Rewards Distribution

• Winners are selected automatically using the Chainlink VRF system.

• Rewards are distributed in SQR directly to the winners’ wallets.

• No manual claims are required—everything is automated.

⚙️ Ticket Funds Allocation

The funds collected from ticket sales are allocated differently based on the payment method:

Tickets Purchased with USDT:

• 15% of USDT goes to the treasury to support the Magic Square ecosystem.

• 85% of USDT is used to buy back SQR from the market.

• Of the SQR bought back:

  • 70% is added to the prize pool for winners.

  • 15% is burned, permanently reducing the total SQR supply.

Tickets Purchased with SQR:

• 70% of SQR goes directly to the prize pool, increasing rewards for participants.

• 15% of SQR is permanently burned, reducing the circulating supply.

• 15% of SQR is allocated to the treasury, contributing to ecosystem development.

🔥 Supporting the SQR Ecosystem

• Buy-Back-and-Burn (USDT Payments): USDT collected is used to buy SQR from the market, increasing trading volume and reducing the circulating supply.

• Direct Burns (SQR Payments): A portion of SQR payments is directly burned, further decreasing the token supply.

This mechanism strengthens the SQR ecosystem, aligning participant contributions with the growth of the token. Follow the progress of the SQR burn here.

📅 Raffle Scheduling

• A new raffle starts automatically when the previous one ends.

• Smart contracts manage the start and end times, ensuring continuous participation opportunities.

🔍 Checking Results

• Winners are determined using the Chainlink VRF system, ensuring randomness and fairness.

• Results are announced in the dApp, and rewards are automatically transferred to winners’ wallets.

• You can verify results and wallet balances directly on the blockchain for complete transparency.

Start participating in Magic Raffles today for your chance to win exciting rewards while supporting the growth of the SQR token!