Skip to main content

Donation Protocol

· 2 min read
Taurus
Taurus
DePerp Labs

Donate

UI/UX LIVE Donate2 Link APP

Overview​

The Donation contract is a smart contract that allows users to contribute ERC20 tokens to participate in a donation-based lottery. A portion of the contributions is allocated to a prize pool, a developer fee, and a charitable donation. Winners are selected based on a randomized draw using the Pyth Network's entropy service to ensure fairness.

Donation campaign​

Donation campaign uses a smart-contract where participants contribute tokens, which act as lucky numbers, for a chance to win. Each participant receives a range of numbers proportional to the number of tokens contributed. At the end of the campaign, winners are randomly selected to share the prize pool.

How to Participate​

Token Contribution Process: A participant sends tokens to the contract. The contributed tokens are distributed as follows:

  • 50% goes to the prize pool.
  • 10% goes to the devs fund
  • 40% goes to the donation address

Receiving Number Ranges: Each participant receives a range of numbers proportional to the tokens contributed. For example, if a participant contributes 2,000 tokens out of a total pool of 10,000 tokens, their number range will be from 1 to 2,000.

Winner Selection​

Closing Token Contributions: After a certain period, token contributions are closed, and the winner selection process begins.

Requesting a Random Number: The contract requests a random number from the Pyth Network.

Determining the Winners: Random numbers (winning numbers) are generated from the total pool of tokens. These numbers are matched against the participants' number ranges to determine the winners.

Technical Overview Read Technical Guide