[3%] Raffles

3% of the Daily Issuance

The Raffle System is part of the IGNIS.Protocol™. In total 3% of the Daily-Issuance is reserved for this.

Primary Source of OURO for the IGNIS.DAMP™

A third of the Raffles Daily-Issuance, equivalent to 1% of the daily emission, serves as the primary source of OURO for IGNIS.DAMP™. IGNIS.DAMP™ stands for IGNIS Demiourgos Automated Meta Pool, which is an exotic Liquidity Pool. From this pool, IGNIS Tokens are generated during each burning epoch and subsequently distributed as IGNIS.Protocol™ Rewards. It's worth noting that IGNIS Tokens come into existence when OURO is burned, and there are a total of four such OURO sources.

The primary source, which constitutes one-third of the Raffles Daily-Issuance, precisely accounts for 1% of the daily emission. You can read at length about these mechanisms here.

IGNIS.Protocol™ Rewards

The remaining two-thirds of the Raffles Daily-Issuance, which is equivalent to 2% of the daily emission, is allocated to automatic Snake Token rewards as Snake Token Variant Rewards as part of the Rewards distributed within the IGNIS.Protocol™ ecosystem. These 2% will be split into 5 equal parts, 0.4% each, and will be given to 3 lucky winners:

• First place, 1.2% (3 parts) as Elite-AURYN.

• Second place 0.8% (2 parts) as AURYN.

• Third place 0.4% (1 part) as OUROBOROS.

You can read more about all rewards in the IGNIS.Protocol™ here.