For participants

• Fair and random: Winners are selected randomly from all valid entries
• Multiple entries: You can enter the same draw multiple times to increase your chances
• Skill-based: You must answer questions correctly to enter
• Secure payments: All transactions processed securely through Stripe
• Refund protection: If a draw is cancelled, your tokens are refunded
• No hidden fees: The price you see is the price you pay

For sellers

• Easy listing: Create draws with images, videos, and descriptions
• Set your reserve: Define the minimum amount needed for the draw to proceed
• Choose your date: Decide when the draw will take place
• Fair commission: Keep 95% of the draw value, we take just 5%
• Quick payouts: Receive your earnings within 7 days of draw completion
• Flexibility: Extend or cancel draws if reserves aren't met

The reserve system

Every draw has a reserve amount set by the seller. This is the minimum total value of entries needed for the draw to proceed.

Reserve met:

If the reserve is met by the draw date, the draw proceeds and a winner is selected randomly from all valid entries.

Reserve not met:

If the reserve isn't met by the draw date, the seller can either:

• Extend: Set a new draw date and give more time for entries
• Cancel: End the draw and refund all tokens to participants

Questions and answers

Quizbids operates as a skill-based competition, not a lottery. Each draw requires participants to answer a question correctly before their entry is valid.

What makes it skill-based?

• Questions have clear, definitive answers
• Incorrect answers do not result in an entry
• No tokens are deducted for wrong answers
• Questions require thought but aren't impossibly difficult

Safety and fairness

• Random selection: Winners chosen by cryptographically secure random selection
• Transparent draws: Entry numbers visible to all participants
• Verified sellers: All sellers vetted before listing items
• Secure platform: Your data and payments protected with industry-standard encryption
• Customer support: Help available if you have issues or disputes
• 18+ only: Age verification required to participate