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LONDON, UK, January 20, 2023 (GLOBE NEWSWIRE) — Alcazar, a blockchain project that gives users the chance to win luxury goods in virtual raffles, has outlined ambitious plans for the rest of the year.
Built around a state-of-the-art decentralized application (dApp), the venture will host multiple weekly raffles in 2023 with participants winning Rolex watches, sports cars, premium NFTs, and bumper prizes.
97% of the funds raised by the purchase will be used to purchase high-quality prizes (including other major community chart purchases), while 3% will be regularly repurchased into the platform’s native $ALCAZAR token , into a transparent vault used for burning. Holders of such tokens can stake their tokens to earn generous APYs, or stake Alcazar NFTs to win rewards.
Every raffle has a pre-determined ticket threshold, after which an animation appears on the screen to declare the winner. Fully audited by an independent body, the Alcazar dApp randomly selects a winner. As with any lottery game, the more tickets a user holds, the better the odds. Matching ticket numbers will be announced on the Alcazar website and social channels.
Not only will you have the opportunity to participate in the raffle, but the Alcazar community will have a say in the prize itself. If the winner decides he would rather take cash than, for example, a Lamborghini in his Aventador, the vehicle will be raffled off and a cash alternative will be paid.
Following the launch of the official Alcazar dApp, the platform plans to build a user base sufficient to host a $1,000,000 USDT prize raffle. There are also plans to launch live casino and sports betting in Q2, and shortly thereafter he plans to launch Powerball/Lottery with a 15% revenue-burning mechanism.
Ahead of the groundbreaking $1 million raffle, Alcazar will be regularly running giveaways on its Telegram and Twitter channels, including free tickets to subsequent contests and the coveted NFTs.
The decentralized application at the heart of the Alcazar ecosystem is currently in testing, and behind the scenes the team is working hard to expand access to native tokens. $ALCAZAR is currently available on CEX such as Bitmart, Digifinex, Coinstiger, Coinsbit and Azbit, with additional trading platforms to be announced soon.
Recently, Alcazar’s official NFT collection debuted on leading marketplace Shido Market, and Shido’s multi-chain DeFi aggregator Shido DEX was also integrated into the platform.
Alcazar users can expect to see a new-looking website in the first quarter, but later in the year, a points reward system that rewards dApp users for their spending may be introduced. The company will also pursue sponsorship and charity opportunities in the second half of 2023.
About the Alcazar
Alcazar builds a bridge of fortune between the real and virtual worlds. The fully audited decentralized application offers users the opportunity to win luxury goods in virtual raffles and also the opportunity to invest in native $ALCAZAR tokens to wager and earn rewards. Alcazar, registered in the UK, was created by an experienced and transparent team committed to increasing utility in the cryptocurrency sector.
Media Contact:
James Lydon, James@Alcazartoken.io
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