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:

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

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

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