REDEMPTION
  • REDEMPTION
    • Redemption Token (RDTN)
    • RDBN (Puttable Bonds)
    • Redemption Platform / dApps
    • Redemption DAO
  • How to Earn?
    • Redemption Bonds
      • Features
      • Redemption Bonds Prizes & Lucky Draw Periods
      • Bond Serial Number & Important Terms
      • Bonds Issuing, Locking & Lucky Draw Dates
      • How Do Redemption Bonds Work?
      • Why Redemption bonds?
      • Technical Specifications
        • Issuance of Redemption Bonds
        • Collateral Pool Management
        • Collateral Size Determination & Oracle
        • Management of Bonds
        • Redemption of Bonds
        • Prize Pool Calculation
        • Burning The Bonds
        • Redemption Bonds Workflows
    • Staking
      • Staking Pools Duration
      • Why Stake Redemption Tokens?
      • How To Earn With Staking?
    • Lottery
      • Lottery Pools & Probability to Win
      • Lottery Pool Value & Prize Distribution
      • How The Winning No Is Drawn?
      • How To Play The Lottery?
  • How to Get RDTN?
  • DAO
    • Functions of DAO
    • Guilds, Their Selection & Compensation
    • Why Participate in The DAO?
    • How DAO Voting Works
    • How Does DAO Treasury Work?
    • Funds Management With Multisig Wallets
    • Funds Allocation to Guilds
    • How To Vote?
  • Invest in Pre-IDO
    • Why Invest in Pre-IDO?
    • How to Buy Redemption Before IDO?
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  1. How to Earn?
  2. Redemption Bonds

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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Last updated 2 years ago

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