Alcazar has detailed its primary goals in a new roadmap for the remainder of the year. Alcazar is a blockchain initiative that offers users the opportunity to win luxury items in virtual raffles. The venture, which is based on a cutting-edge decentralized application (dApp), will conduct multiple raffles each week in 2023. Participants will have the opportunity to win high-end items such as Rolex timepieces, sports cars, top NFTs, and huge cash awards.
While 97% of the funds produced through purchases will be allocated for the provisioning of buying high-quality rewards (including chart buys of other big communities), 3% of those funds will be placed in a transparent vault and used to routinely buyback and burn the platform’s native $ALCAZAR token. Token holders have the ability to stake their tokens in order to earn a significant annual percentage yield (APY), and they may also stake Alcazar NFTs in order to win incentives.
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All raffles feature a predetermined minimum number of tickets, after which an on-screen animation declares a winner. The Alcazar dApp, which is thoroughly audited by a third-party party, selects winners at random. Similar to other lottery games, the more tickets a player possesses, the higher their odds. Ticket numbers will be posted on the website and social media platforms of Alcazar.
In addition to being able to participate in raffles, the Alcazar community will have input about the rewards. If a prizewinner prefers cash over, for example, a Lamborghini Aventador, the automobile will be raffled off and a cash option will be provided. Following the release of the official Alcazar dApp, the platform intends to amass enough users to organize a raffle with a prize of $1,000,000 USDT.
There are also plans to introduce a live casino and sports betting in the second quarter, followed by a Powerball/Lottery with a 15% revenue burn mechanism. Prior to its historic $1 million raffle, Alcazar will conduct frequent giveaways on its Telegram and Twitter channels, featuring free tickets to subsequent events and highly sought-after NFTs.