Concept and Mechanism

The Onecoinbuy (OCB) raffle system is a unique feature designed to gamify the trading experience and enhance user engagement. By allowing users to participate in raffles for a variety of products and services, OCB creates an exciting and dynamic marketplace that benefits both buyers and sellers.

1. Participation: Users purchase raffle tickets using any supported tokens, including OCB tokens. Each ticket represents an entry into the raffle for a specific prize. The cost of raffle tickets may vary depending on the prize value, encouraging users to choose according to their preferences and budgets.

2. Winner Selection: The raffle system employs a transparent and tamper-proof mechanism to select winners. The process involves combining transaction timestamps and ticket quantities to ensure a fair outcome. All raffle activities and results are recorded on the blockchain, providing an immutable record that is open to public verification.

3. Transparency: To build trust and maintain transparency, all raffle entries, ticket purchases, and winner selections are publicly accessible on the blockchain. Users can verify the fairness of each raffle by reviewing the blockchain records, ensuring that the process is free from manipulation.