Frequently Asked Questions

• What is INT? What is an IFT?

  INT is the main protocol token. Swapping for INT is what generates tickets for the weekly drawings. IFT is a unique project NFT that represents 100k INT, and will have future functionality, announced soon.

• How do I buy a ticket?

  Each trade through the protocol owned Uniswap position pays a 1% fee. Every $5 worth of fees paid through a buy trade mints a Ticket NFT. Should you decide to sell the tokens, an additional 1% fee will apply to your sell swap. To streamline the ticket purchasing process, we've developed a looping tool that enables automatic buying and selling in the same transaction, up to 50 times. This tool ensures you can acquire the exact number of tickets you desire without the need for manual swaps. You can also use Uniswap directly to purchase tickets.

• How long are tickets valid?

  Tickets are valid for the week in which they are purchased and expire at the end of that week.

• How does the Main Prize work?

  Every 7 days, a random number is automatically generated, the owner of the Ticket NFT with an ID that matches the random value will receive 50% of all ETH swap fees accumulated in the protocol-owned Uniswap position. The remaining 50% are distributed to the jackpot, the DAO treasury, and a reward pool for the IFTs.

• How does the Progressive Jackpot work?

  On top of the main prize, there is an additional jackpot that can be won. The odds will vary over time, but it will be roughly 10% chance for the jackpot to hit each week. This means that the jackpot should grow over time like a true lottery. The DAO has seeded the jackpot in December of 2024 with 1 ETH and 1M INT, and will continue to add to it periodically until it is self-sustaining. The jackpot is distributed to the winner of the main prize.

• How do the IFT prizes work?

  100 Ticket NFTs per week are picked based on the random number and will receive a project NFT, known as an IFT. That IFT can be redeemed for 100k INT, or held for future rewards. The number of project NFTs distributed through this method halves every 5 weeks. 100 for 5 weeks, 50 for 5 weeks, 25 for 5 weeks, 12 for 5 weeks, 10 for 106 weeks. Total: 1995 IFTs over 126 weeks.
  
  Each week, the winning IFTs are selected by dividing the total number of tickets for the week by the number of IFTs to be distributed that week, rounding up. This result determines the winning tickets by spreading out equally from the grand prize ticket number. For example, if the grand prize winning ticket number is 6969, and there are 10,000 tickets with 50 IFTs to be distributed, every 200th ticket from 6969 would receive an IFT. This means tickets 7169, 7369, and so on up to the total, and tickets 6769, 6569, etc., down to 0, would receive an IFT. The grand prize winner also receives an IFT.

• How do I know if I won?

  Winners are announced every Friday. To check your tickets, connect to the site and visit the Dashboard. If you are the grand prize winner, the WETH and INT prizes will be automatically airdropped to your wallet. IFT winners will also receive their prizes automatically, but please note that IFTs may take a bit longer to process, so we appreciate your patience.

• How can I redeem an IFT for INT?

  Connect to the site and visit the Dashboard to view a list of your IFTs. To redeem an IFT, click 'Redeem' next to the one you wish to use. The corresponding INT will be automatically airdropped to your wallet, and the IFT will be burned.

• How can I delegate my IFT for governance votes?

  Instructions on how to delegate your IFT for governance are available on the GitBook. You can also go to your Dashboard when you are connected to the site and click the IFTs tab. You will see a form field to enter the address you'd like to delegate to.

• Where can I see my Tickets and IFTs?

  Connect to the site and visit the Dashboard in the top navigation.

• What is the supply?

  Max Supply: 1 Billion Tokens. Uniswap Pool: 20%, NFT Distributions: 20%, DAO Treasury: 50%, GMX Bond Protocol Pool: 10%

• Can I provide liquidity?

  Please don't. If you do, your liquidity will be automatically transferred to the DAO treasury.