Question 1

What is LootX?

Accepted Answer

LootX is a decentralized, provably fair crypto raffle and on-chain gacha platform built on the Solana blockchain. Users can enter on-chain raffles to win SOL, Bitcoin, Pokemon cards, luxury watches and collectibles through provably fair draws powered by Switchboard VRF.

Question 2

How are winners selected on LootX?

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 LootX developers — can manipulate or predict any draw outcome.

Question 3

What blockchain does LootX use?

Accepted Answer

LootX 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 LootX?

Accepted Answer

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

Question 5

Can I win Bitcoin on LootX?

Accepted Answer

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

Question 6

Are LootX 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 $LOOTX token?

Accepted Answer

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

Question 8

How do buybacks work on LootX?

Accepted Answer

Every time a prize room is drawn, 50% of the platform fee is automatically routed on-chain to buy back $LOOTX tokens via Jupiter DEX. These tokens are distributed directly to active holders and stakers.

Question 9

Are there any fees to participate in LootX raffles?

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 rewards or XP when I buy a ticket on LootX?

Accepted Answer

Yes. Every time you purchase an entry ticket on LootX, you earn XP and level rewards directly to your wallet profile, unlocking higher loyalty tiers, bonus entries, and exclusive perks.

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