I'm about to tell you about a new trend that has exploded on the Solana blockchain. Warning, it is an absolutely speculative business. I would call it "gambling". I like these "degen" opportunities but by no means are they investment advice. How do these raffles work? Basically you don't go to buy an NFT but you buy a ticket on FamousFoxes. The opportunity is to buy an NFT at a discounted price but it is gambling because it is draw.
Imagine that an NFT costs 15 SOL (example). These raffles provide 50 tickets, each of which costs 0.30/0.35 SOL.
Hypothetically, by buying a ticket costing 0.35 SOL, you could win an NFT of much greater value (15 SOL in the example).
Each user can buy as many tickets as he wants: the more tickets purchased, the greater the chances of being extracted.
How can an NFT of value X be sold at a price 30/40 times lower? If you multiply 0.35 SOL by 50 tickets sold, you realize that the total revenue is 16.50 SOL compared to the original price of 15 SOL. That difference of about 1.50 SOL is the team's profit.
Origin price=15 SOL
Total Tickets=50
Ticket price=0.35 SOL
Team revenue=16.50 SOL
Team earnings=1.50 SOL
If a user buys 6 tickets and wins, he would get an NFT of 15 SOL to around 2 SOL. The purchase of tickets has a countdown, they must all be sold before the extraction.
Through this system, the team earns and whoever wins the NFT buys it at a discounted price. Clearly all users with non-winning tickets get a loss. The underlying strategy is to obtain NFT at a discounted price and sell them immediately (arbitrage) on the floor or through the "sell instantly" function.
Gambit, right? However it is an interesting model, even if very "degen". This article is not a push to use this system, I have only brought to light a new trend. If you decide to try it, beware of scams!
Are you interested in ways to earn crypto bonus? Check it out here: Some Sites To Earn Crypto Bonus (Old & New)
