In the third edition of “As the Whip Rides,” we will talk about one of the most exciting parts of minting an NFT from the Whip Season collection, which is the chance to win a life-changing amount of cryptocurrency.
As mentioned before, we are giving away 25 Eth, worth well over $100k currently, to one lucky Minter, the Whip King/Queen. Let’s get into more detail on the what, how, and when.
How We Will Choose The Whip King/Queen?
We will not be personally choosing. This logic is build in to our smart contract, which randomly selects a token ID between 0 and 9999 after the community mints all 10,000 Whip Keys to pick the Whip King. We chose to use a smart contract to ensure fairness and give everyone an equal chance of winning the prize.
You can bag a pretty nice whip for 25 Eth and the odds of minting the winning ID are better than most typical lotteries, with each minting giving you an additional 1/10,000 chance to win. Smart contracts make the whole process as simple and hassle-free as possible. You can win a life-changing amount of money with just a few clicks of your mouse.
When will the raffle take place?
The drawing phase for the grand prize commences 64 blocks after the final Whip Key mint. The drawing works using the hash of a future block after the final mint and executes when anyone initiates the drawing() function. For more details on how everything works, check out the WS whitepaper.
One possible risk created by the time between minting and the drawing is for those looking to sell their Whip Keys on the secondary market. Since the draw results are public, it is possible for someone to “snipe” the winning key if you have it listed on the secondary market before you get the chance to de-list your whip key. Since the user with the winning key ID gets to claim the prize, we recommend you wait to list your Whip Keys until after the raffle concludes to avoid the chance. The winner will be selected 15–20 minutes after minting ends.
What other raffles can I join for Whip Season rewards?
Apart from our main raffle of 25 Eth, we also host other giveaways primarily for whitelist spots and sometimes even free whip mints. If you want to avoid gas wars and have the opportunity to mint a Whip Key at your leisure or potentially get a free Whip, then find us on Twitter. If you are among the lucky winners, you will be able to mint at a discounted price, and you won’t have to worry about missing out.
Furthermore, we also plan to host various competitions. For instance, we intend to help the community name the Whips, and the creators of the most voted names will get some awesome rewards.