Straight answers to the questions that come up most often — legality, odds, payouts, gas, refunds and fairness.
Lotly is operated by Lotly Foundation, a Cayman Islands foundation company. Virtual Asset Service Provider (VASP) registration with the Cayman Islands Monetary Authority (CIMA) is in progress. The Cayman VASP framework is designed for global reach, allowing us to serve players in the EU, US and most other jurisdictions once registration is complete. Access from sanctioned jurisdictions is blocked at the wallet-and-IP layer.
Simplicity. You never compare ticket prices — only the prize, the ticket cap, and therefore your odds. Every ticket is 0.011 ETH flat: 0.010 goes into the prize pot, 0.001 is a transparent platform fee. At today's ETH price the total is roughly €22 — the sweet spot for casual collectors.
Each 0.011 ETH ticket includes a 0.010 ETH prize-pot contribution and a 0.001 ETH platform fee. The target prize pot is 170% of floor for Common, 160% for Rare, 150% for Epic, 140% for Legendary and 130% for Grail. The amount above the NFT purchase price is a gross buffer for costs and margin, not a guaranteed net profit.
The collection floor determines the tier: Common below 0.5 ETH requires 170% fill; Rare from 0.5 to below 1 ETH requires 160%; Epic from 1 to below 2 ETH requires 150%; Legendary from 2 to below 5 ETH requires 140%; Grail from 5 ETH requires 130%. Ticket targets equal the floor multiplied by that fill percentage, divided by the 0.010 ETH prize-pot contribution, rounded up. One ticket has a 1-in-target chance at that target. Existing on-chain rounds keep their deployed ticket cap; changing the website does not change a contract.
Yes. The buy interface lets you select 1, 5, 10 or a custom amount in a single transaction. Gas per ticket drops sharply as you buy more — a 10-ticket purchase costs only marginally more gas than a 1-ticket purchase.
Gas depends on Ethereum network conditions. On a normal day, buying a ticket costs roughly $2–5 in gas. During periods of high congestion this can rise to $10–20. The Lotly interface always shows the estimated gas before you confirm in your wallet.
We source raffle NFTs three ways: (1) direct treasury purchases from listed marketplace floor, (2) partnerships with holders who consign their NFT for a fee-share, and (3) accepted community submissions from verified collections. Every NFT is escrowed in the raffle contract before ticket sales begin, so the prize is on-chain and can't disappear mid-raffle.
Once Chainlink VRF returns the winning ticket, the smart contract transfers the NFT directly to the winner's wallet in the same block. There is no claim step and no support-ticket workflow. Look up the tx on Etherscan — you own the NFT before the confirmation screen even closes.
Absolutely. The moment it lands in your wallet, it's yours — list it on OpenSea, Blur, LooksRare or transfer it, exactly as you would with any other NFT. Lotly takes zero royalties or fees on your resale.
Each raffle has a back-stop deadline. Its deployed contract determines the refund process if the required ticket target is not reached. Check the round's on-chain terms; the tier-based target displayed for new rounds does not rewrite an existing contract.
Blue-chip NFTs — Bored Apes, Punks, Pudgy Penguins, Azuki — live on Ethereum mainnet. Running raffles anywhere else would require bridging every prize, which adds cost, delay and custody risk. We optimize for prize authenticity over transaction cost. Layer 2 support may come later for smaller collections.
The fill trigger runs on-chain as part of the last ticket purchase — the buyer pays a small extra gas premium and the smart contract calls Chainlink VRF in the same transaction. Congestion just means slightly higher gas for that final buyer, not a stuck raffle. In extreme congestion the auto-trigger can wait up to 24 hours before falling back to the deadline path.
This is extremely rare on Ethereum mainnet (Chainlink VRF fulfills within 1–2 minutes with >99.9% uptime). If a draw ever stalls beyond 24 hours, the smart contract exposes a permissionless recovery path: the last ticket buyer can re-trigger the VRF request themselves, or any ticket-holder can initiate a refund vote after 7 days. We monitor VRF health continuously and will announce any incidents on our status page.
Every draw uses Chainlink VRF, a decentralised oracle that returns a random number together with a cryptographic proof. That proof is verified on-chain before the winner is selected. The full draw — random request, response, and NFT transfer — sits on Etherscan for anyone to inspect. We don't touch the outcome. We can't.