Question 1

What is TicketFi?

Accepted Answer

TicketFi is a decentralized crypto prize platform built on the Solana blockchain. Users can enter on-chain prize events to win SOL, Bitcoin, memecoins and real-world assets through provably fair draws powered by Switchboard VRF.

Question 2

How are winners selected on TicketFi?

Accepted Answer

Winners are selected completely on-chain using Switchboard VRF (Verifiable Random Function). Oracle enclaves running in Intel SGX Trusted Execution Environments generate a cryptographic random number that is written directly to the Solana blockchain. This ensures no third party — including TicketFi developers — can manipulate or predict any draw outcome.

Question 3

What blockchain does TicketFi use?

Accepted Answer

TicketFi is built on the Solana blockchain. Smart contracts are written in Rust using the Anchor framework. Solana provides fast finality (under 1 second) and very low transaction fees (fractions of a cent).

Question 4

Can I win SOL on TicketFi?

Accepted Answer

Yes. TicketFi offers dedicated SOL prize rooms where the winner receives SOL directly to their wallet on-chain.

Question 5

Can I win Bitcoin on TicketFi?

Accepted Answer

Yes. TicketFi offers Bitcoin prize rooms using cbBTC (Coinbase Wrapped Bitcoin) on Solana. The winner receives the cbBTC token directly to their wallet.

Question 6

Are TicketFi draws verifiable on-chain?

Accepted Answer

Yes. Every draw occurs entirely on-chain on Solana. You can view the draw transaction hash, the raw Switchboard VRF input and output values, and verify the cryptographic proof directly on Solana Explorer.

Question 7

What is the $TicketFi token?

Accepted Answer

$TicketFi is the native utility and governance token of the TicketFi ecosystem. Staking $TicketFi yields real SOL and token rewards from protocol buybacks, grants access to discounted event tickets, and enables community governance voting.

Question 8

How do buybacks work on TicketFi?

Accepted Answer

Every time a prize room is drawn, a portion of the platform fees collected in SOL is automatically routed on-chain to buy back $TicketFi tokens from Solana DEXs. These tokens are then deposited into the staking reward pool and distributed to active stakers.

Question 9

Are there any fees to participate in TicketFi events?

Accepted Answer

You only pay the face value of your entry tickets plus standard Solana network fees (typically less than $0.001 per transaction). There are no hidden platform fees on top of the ticket price.

Question 10

Do I receive a cashback or airdrop when I buy a ticket on TicketFi?

Accepted Answer

Yes. Every time you purchase an entry ticket on TicketFi, the platform automatically airdrops $TicketFi tokens directly to your wallet as a cashback reward. The airdrop amount is proportional to the value of your entry — the more tickets you buy, the more $TicketFi tokens you receive. This means that even if you do not win the prize draw, you still earn protocol tokens for every ticket purchased. These tokens can be staked to earn real yield from platform buybacks, used for governance, or held for future utility. The airdrop is processed on-chain automatically — no manual claiming is required.

Frequently Asked Questions