> For the complete documentation index, see [llms.txt](https://docs.tideflow.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tideflow.com/tokenomics/utility/ocean-raffle.md).

# Ocean Raffle

The TIDE Ocean Raffle is a weekly lottery that randomly distributes tokens to 10 members of the community.

1. Ocean Raffle Amount: Each week, Tideflow will distribute 0.1% of the total supply of $TIDE to the community.  This is done through a raffle system that anybody can win and is evenly given out per player (0.01% for each of the 10 players).
2. Base Eligibility: Each holder must lock a minimum of 2000 $TIDE and hold the equivalent $xTIDE in their wallet in order to be eligible.
3. Increased Chances: Each additional 2,000 $xTIDE held increases the holder's chances by an additional ticket.
4. Anti-whale: To maintain fairness and avoid excessive dominance by whales, there will be a cap of 35 entries (60,000 $TIDE).

**Step-by-Step Breakdown of the Raffle**

Let x be the total amount of $xTIDE a participant has in their wallet.

Let n be the number of tickets a participant receives for the raffle.

The formula for calculating the number of entries n based on the amount x locked is:&#x20;

$$
n = \left\[ \frac{x}{2000} \right]
$$

This denotes the floor function, which rounds down to the nearest whole number. This ensures that only full 2,000 $xTIDE increments count towards additional entries.

To prevent excessive influence by whales, there is a cap on the maximum number of eligible tickets. This cap is set at 60,000 $TIDE for a maximum of 35 entries.

**Eligibility Criteria**

In order to prevent botting, there are several conditions that users need to complete in order to be eligible for the raffle:\
\
**Core Condition:**

* Having at least 2000 $xTIDE<br>

**Account conditions**

* Weekly minimum volume of $50 throughout the TideFlow ecosystem
* Have connected Telegram

**Example**

* Player 1 has 2,000 $xTIDE: They receive 1 entry (n = 1).
* Player 2 has 10,000 $xTIDE: Without a cap, they would receive 5 entries (n = 5). With a cap of 35, they still get 5 entries.
* Player 3 has 62,000 $xTIDE: Without a cap, they would receive 36 entries. With a cap of 35, they receive only 35 entries (n = 35).

**Calculating odds to win**

All eligible participants count towards the raffle. Each week, there will be a total number of eligible entries N. The winning tickets will be randomly chosen from this total. Note that if a ticket associated with a player has been chosen to win one of the 10 rewards, all tickets associated with that player are void for the respective week’s raffle.

Total Entries (N) - Sum the entries of all participants to get the total entries in the lottery.

$$
N = \sum\_{i=1}^{\text{total players}} n(x\_i)
$$

This can then be used to calculate individual odds:

**Calculating Individual Odds**

Given there are 10 winners each week, the chance Pi that a participant wins at least one prize is derived from the complement of the probability of not winning any of the 10 draws:

$$
P\_i = 1 - \left( 1 - \frac{n(x\_i)}{N} \right)^{10}
$$

This formula calculates the probability that a participant wins at least one of the 10 available prizes, given their number of entries n(xi), relative to the total N.

**Maximizing a player’s weight in the Raffle**

Either 60k TIDE locked or 12k lock for 20 weeks.

Here’s  the raffle entries per 2,000 $TIDE locked at TGE

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc1t5jQsEnZ-yDuPumNfKitrLT26wOBxRD1VEXZ-O9HKLZBSMiHYVv3bptmLcuuxCLxsnpZzxRigDfarkw1Nobdd0ARP25w9caUswqsA_rzGp_qQ5z4hald_IPpdXiBEek0RQPylb5WRrIWs11OjDSIItED?key=WURWKeGye4FqO9wXcZxhXA" alt=""><figcaption></figcaption></figure>
