I don't get how do you pay to the affiliates.
From what i understand the winner of the raffle gets the 100% of the tickets sold, if each ticket cost 0.001644 and you sold 1000 tickets then the winner gets 1.644 BTC, but if the if it's an affiliate who buy those 1000 tickets then someone gets a commission of the 50% of the tickets. So, where does that commission come from if the raffle pays 100% of the amount?
I'm not sure if I missed a rule. I hope you can explain how that works.
Apologies for the earlier misunderstanding. Let's clarify how the affiliate commission structure works in Bitcoin Jumble:
Affiliate Ticket Sales and Commission Structure:
- Ticket Price: Each raffle ticket costs 0.001644 BTC.
- Affiliate Sales Split: When an affiliate sells a ticket, the revenue is split 50/50:
- 50% (0.000822 BTC) goes to the affiliate as a commission.
- 50% (0.000822 BTC) is added to the raffle prize pool.
- Bonus Tickets: For every ticket purchased through an affiliate, the buyer receives two tickets for the price of one, effectively doubling their chances of winning.
Impact on the Raffle Prize Pool:
The prize pool consists of the 50% share from each ticket sold by affiliates, plus 100% of the revenue from tickets sold directly (non-affiliate sales). This means that while affiliates earn commissions, the prize pool grows proportionally with each ticket sold, maintaining a balance between rewarding affiliates and offering substantial prizes to winners.
Example Scenario:
- Affiliate Sale: An affiliate sells 100 tickets:
- Total Revenue: 100 tickets × 0.001644 BTC = 0.1644 BTC
- Affiliate Commission: 50% of 0.1644 BTC = 0.0822 BTC
- Contribution to Prize Pool: 50% of 0.1644 BTC = 0.0822 BTC
- Tickets Issued to Buyer: 100 tickets purchased × 2 = 200 tickets
- Direct Sale (Non-Affiliate): A direct purchase of 50 tickets:
- Total Revenue: 50 tickets × 0.001644 BTC = 0.0822 BTC
- Contribution to Prize Pool: 100% of 0.0822 BTC = 0.0822 BTC
- Tickets Issued to Buyer: 50 tickets purchased = 50 tickets
Total Prize Pool Calculation:
- From Affiliate Sales: 0.0822 BTC
- From Direct Sales: 0.0822 BTC
- Total Prize Pool: 0.0822 BTC + 0.0822 BTC = 0.1644 BTC
In this scenario, the prize pool totals 0.1644 BTC, and the affiliate earns a commission of 0.0822 BTC. The buyer who purchased through the affiliate receives 200 tickets, while the direct buyer receives 50 tickets.
This structure ensures that affiliates are rewarded for promoting ticket sales, buyers receive bonus tickets as an incentive, and the raffle prize pool grows accordingly, maintaining fairness and excitement for all participants.
For more detailed information, please visit the official Bitcoin Jumble website:
https://www.bitcoinjumble.com