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📋 Grab Bag Rules

Everything you need to know about how the lottery works

Basic Rules

1.
Hold Tokens: You must hold a minimum of 10,000 tokens to participate
2.
Earn Tickets: Every 10,000 tokens = 1 lottery ticket. More tokens = better odds
3.
30-Minute Hold Period: You must hold tokens for at least 30 minutes (1 full epoch) before being eligible
4.
Winner Takes All: One winner per epoch gets the entire prize pool

Timing & Epochs

🕐 Epoch Schedule

  • • New epoch every 30 minutes
  • • Automatic snapshots at :00 and :30
  • • Winner selected and paid instantly
  • • No downtime between epochs

⏰ Snapshot Rules

  • • Must be in previous epoch's snapshot
  • • Must be in current epoch's snapshot
  • • New buyers wait 1 epoch minimum
  • • No last-minute sniping allowed

Prize Pool & Rewards

💰 Funding Source

Prize pools are funded by creator fees from Bags.fm trading activity. The more trading volume, the bigger the prizes!

🎯 Distribution

100% of claimed creator fees go to winners. No house edge, no fees taken.

🏆 Winner Selection

Provably fair random selection based on ticket distribution. Higher token holdings = higher win probability.

Anti-Manipulation Rules

Whale Protection

Wallets holding more than 1% of total token supply are automatically excluded from drawings to prevent whale domination.

⚠️ Double Snapshot Requirement

You must appear in both the previous AND current epoch snapshots. This prevents last-second buying and immediate selling.

🛡️ Minimum Holdings

10,000 token minimum prevents dust wallet spam and ensures serious participation.

🔍 Transparency & Fairness

✅ What's Public

  • • All snapshots and holder lists
  • • Randomness seed generation
  • • Winner selection process
  • • All prize distributions
  • • Complete transaction history

🔐 What's Verified

  • • On-chain Merkle proof verification
  • • Deterministic randomness sources
  • • Smart contract escrow safety
  • • Automated epoch processing
  • • No human intervention in draws

❓ Frequently Asked Questions

Q: What if I buy tokens 1 minute before the snapshot?

A: You'll be included in that snapshot but won't be eligible to win until the NEXT epoch (30 minutes later) due to the double-snapshot rule.

Q: What if there are no creator fees to distribute?

A: If no fees were earned from trading, that epoch will have no prize pool and no winner will be selected.

Q: Can I increase my odds by splitting tokens across multiple wallets?

A: Each wallet with 10,000+ tokens gets tickets proportional to its holdings. However, each wallet must meet the 30-minute hold requirement independently.

Q: How do I know the system is fair?

A: All snapshots, randomness generation, and winner selection is transparent and verifiable. The smart contract ensures no manipulation is possible.

🎒 Ready to grab that bag?

Hold your tokens, wait for your turn, and let the blockchain decide your fate!