How Do Redemption Bonds Work?

  • Buy Redemption Tokens From Liquidity Pools via your Wallet

  • Use Redemption Tokens to buy Redemption Bonds. You can buy up to unlimited bonds to increase your chances of winning.

  • Participate in Different denomination bonds with lucky draws at pre-defined periods every week and month

  • Wait for the draw & check for prizes. The winning number is drawn through Chainlink’s VRF Function.

  • Redeem winnings from Bonds & withdraw won REDEMPTION tokens to your wallet Cashout or start again to earn more.

Note: For every Bond transaction, 1% fee will be charged by Redemption DApp, which is over and above the transaction. For instance, on a purchase of a $100 Redemption bond, you will be paying $101.

But there's good news. If you hold your bond for 3 months, you will not have to pay any fee on selling it. Besides that, the 1% fee you paid when purchasing the bond, will also be returned into your wallet.

How The Winning Number is Drawn?

Bond Lucky draws require randomness to create unpredictable, fair, and tamper proof drawings and distribution of the rewards.

Like lottery, Redemption utilizes Chainlink’s Verifiable Random Function (VRF) service in Bonds for generating randomness of a matching number for the winning ticket to guarantee fair and auditable rewards distribution and user engagement.

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