degenXchange is a trustless 1 to 1 randomise. NFT swap/. You enter an old NFT you don’t want anymore, and then when you trigger a draw, it will automatically pick a random NFT from the pool and transfers it to you.
Yes this is possible, you will never receive an NFT you have entered (on that draw cycle) but you may get one from the same project.
We use Chain Links on-chain Verifiable Random Number (VRN) generator. This allows us to keep the full protocol open, trustless and verifiable.
There is no filtering logic degenXchange and swaps are completely randomised to maximise the amount of fun.
Total pricks
We don’t really. We charge a small fee for users to enter their NFT. This mostly goes on the LINK to pay for the random number. But we manage to take a small fee to buy coffee.
Not in the same draw cycle. If someone else wins it and enters it back into the Xchange, than you play, there is a chance you will get it back. Isn’t that fun?
It all depends on what’s donated into the vault. As they say, one man’s trash is another man’s treasure.
To start with we will only be deployed on the Ethereum mainnet. We will look to expand, with demand, to other EVM chains.
Yes! We encourage project founders to add NFTs to the vault to give collectors exposure to new projects and to help projects increase their holder counts.
The degenXchange accepts both ERC721 & ERC1155 tokens.
