What is AVAX5050?
AVAX5050 is a Web3 50/50 raffle platform built on Avalanche Network. Users can create raffles or buy tickets with AVAX, and raffle activity is recorded on-chain for public verification.
AVAX5050 V3 FAQ
Frequently asked questions about AVAX5050 Web3 raffles
Learn how AVAX5050 V3 works, how AVAX 50/50 raffles are created, how Chainlink VRF and Automation support completion, and how users can verify results on-chain.
V3 Contract
Current AVAX5050 raffle flow uses the verified V3 contract on Avalanche.
Chainlink VRF
Winner selection uses verifiable randomness rather than an admin-controlled draw.
On-Chain Proof
Results pages link to public blockchain data for winner, creator, and payout verification.
AVAX5050 Basics
Who operates AVAX5050?
AVAX5050 is operated by BIT5050 INC. The website is the user interface for interacting with AVAX5050 raffle smart contracts on Avalanche.
Does AVAX5050 have its own token?
No. AVAX5050 does not issue a platform token. Raffle creation and ticket purchases use AVAX, the native asset of Avalanche Network.
Creating And Entering Raffles
How much does it cost to create a raffle?
Current AVAX5050 public product settings describe a 5 AVAX raffle creation fee. Users also need AVAX for normal Avalanche network gas fees.
How much does a ticket cost?
Current AVAX5050 public product settings describe tickets as 1 AVAX each, plus any normal wallet or network gas costs required for the transaction.
What is the 50/50 prize split?
A completed raffle splits proceeds 50/50: 50% to the selected winner and 50% to the raffle creator, according to the AVAX5050 raffle model.
V3, Chainlink, And Payouts
What is AVAX5050 V3?
AVAX5050 V3 is the current raffle contract version. It adds automatic payout logic while keeping a claimable fallback if a recipient wallet or contract rejects an incoming AVAX transfer.
How are winners selected?
Winner selection uses Chainlink VRF, a verifiable randomness service. This helps avoid admin-picked or off-chain winner selection.
What does Chainlink Automation do?
Chainlink Automation can call the contract when raffles are ready to be completed. This helps AVAX5050 avoid depending on a custom VPS keeper or manual operator action for normal raffle completion.
Are payouts automatic?
AVAX5050 V3 uses best-effort automatic payout logic. The contract attempts to pay the winner and creator when the raffle completes. If a recipient cannot receive AVAX, the contract can store that amount as claimable instead of blocking completion.
Transparency And Safety
How can I verify raffle results?
Completed raffle cards and individual results pages show winner information, prize amounts, completion status, and links to block explorer transaction evidence where available.
Is AVAX5050 financial advice or an investment product?
No. AVAX5050 is a Web3 raffle application and blockchain infrastructure product. It is not financial, investment, tax, or legal advice. Raffle participation involves risk and does not guarantee winnings.
What should users check before interacting?
Users should verify the official AVAX5050 website URL, wallet prompts, contract addresses, transaction amounts, network selection, and local eligibility requirements before creating or entering raffles.