Have the chance of winning an item for a fraction of the cost.
Earn the maximum amount of capital for the item you wish to sell. A raffle is a gambling competition in which people obtain numbered tickets, each ticket having the chance of winning a prize. Once all tickets are purchased, one is randomly drawn. If the participants’ ticket is selected from the random draw the participant wins the prize.
RAFL will work to create the first “raffle market”, a new concept to the internet. Raffles are proven to be very popular in the real world but have not yet explored the capabilities of the blockchain.