Platform Fees

Listing Fee

To ensure the integrity and security of our raffle platform, iRaz incorporates the use of ChainLink VRF, which requires the use of LINK tokens to generate random numbers. As a result, we have implemented a listing fee to cover the cost associated with utilizing the ChainLink VRF service.

The listing fee allows us to maintain a reliable and robust random number generator, ensuring fair and unbiased raffle outcomes for our users. By covering the cost of the random number generation process, we can continue to provide a high-quality and transparent raffle experience while upholding the highest standards of integrity in the selection process.

Raffle Fee

At iRaz, we believe in providing a reliable and feature-rich platform for our users. To support the continuous development, maintenance, and expansion of our services, we have implemented a nominal 2% fee on all raffle proceeds. This fee helps cover essential expenses, such as server costs, ensuring a seamless and secure experience for our users.

Additionally, the fee enables us to invest in further research and development, allowing us to continuously improve the platform and add exciting new features. By allocating resources towards expanding our team, we can dedicate more time and effort to enhancing user experience, implementing user-requested functionalities, and exploring innovative technologies.

As we grow, we envision introducing premium features that will provide enhanced benefits and options for our users. These premium features will offer additional value and exclusive opportunities, further enriching the overall iRaz experience.

Rest assured, our commitment is to provide a sustainable platform that delivers exceptional service, reliability, and continuous innovation. The 2% fee on raffle proceeds helps us achieve these goals, ensuring that iRaz remains a thriving and cutting-edge destination for the NFT community.