What are the rules of the raffles?

B7 raffles operate very simply. There is a limited amount of tickets available for each raffle. Everyone who has a ticket has a mathematically fair chance equal to [amount of tickets you have] / [total amount of raffle tickets] of winning the raffle.

The raffle takes place as soon as all tickets sell out and the winner is determined via the Chainlink VRF API.

If all tickets are not sold out within 7 days of the raffle going live, any user can cancel the raffle. In the case of cancellation, everyone who purchased tickets can claim a full refund that is guaranteed by smart contract.

Additionally, raffle creators can choose to cancel their listing at any time, provided tickets have not sold out. Refunds can be claimed by ticket holders under these circumstances too.

Raffle creators may also choose to settle a raffle listing at any time, reducing the number of valid entries to the number of tickets sold. In this case, the raffle winner is selected among ticket holders, with the odds of winning the raffle increasing.