Degen Raffles

$Raffles 150

$0.0...0228

0.00%

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SOL BVqmzKkvfU6ivP1bJjake42y8r2Zcw6VTqt8FQKts9eK

1h %

6h %

24h %

Market Cap

$2.3K

Volume 24h

$2.40

Liquidity

$2.5K

About Degen Raffles

DEGEN Raffles introduces the first Web3 decentralized raffle marketplace, allowing users to create and manage raffles using sophisticated Raffles Smart Contracts. Participants can win a variety of prizes, including NFT Collectibles and token bags, with the transparency and security of blockchain technology.

Security Scan

Automated scan — always DYOR.

AI Analysis

Degen Raffles ($Raffles) is a Solana-based platform that lets users create and join blockchain-backed raffles via smart contracts, offering prizes such as NFTs and token bundles. Though only two years old and still micro-cap with very low liquidity, the project has attracted a fully bullish 24-hour sentiment despite minimal trading activity.

Frequently Asked Questions

What is the market cap of Raffles?

The market cap of Degen Raffles is $2.3K.

What is the 24-hour trading volume for Raffles?

The 24-hour trading volume for Raffles is $2.40.

What is Degen Raffles and how does it work?

Degen Raffles is a decentralized raffle marketplace on Solana where creators deploy smart-contract-driven raffles and participants buy tickets using the $Raffles token. The contracts record entries on-chain, ensuring transparent winner selection and prize distribution without a central authority.

Why would someone use Degen Raffles instead of a traditional raffle?

Because the platform leverages Solana's fast, low-fee blockchain, raffle outcomes are provably fair and instantly verifiable, and prizes can include crypto assets like NFTs or token bags. Its early-stage status means participants can shape the ecosystem, though the very low liquidity ($2,471) means trades may experience high slippage.

Who are the primary users of Degen Raffles?

The main users are crypto-savvy creators who want to monetize community engagement and collectors looking for a chance to win NFTs or token bundles. The project's single-transaction day and 100% buy-side sentiment suggest an enthusiastic niche of early adopters and speculators on Solana.

Token Stats

Chain SOL

Launch Date May 23, 2024

Age 2y

Decimals N/A

Native Price 0.0...0266 SOL

24h Txns 1

Contract

BVqmzKkvfU6ivP1bJjake42y8r2Zcw6VTqt8FQKts9eK

24h Sentiment

1 Buys (100%) 0 Sells (0%)

Buy / Trade