How BAGSpin Works
The Complete Process Flow:
Token Integration: Users hold or trade BAGS tokens on Solana's blockchain
Automatic Fee Collection: All trading fees accumulate in a dedicated donation wallet
Scheduled Charity Selection: Every 10 minutes, our algorithm selects a random verified charity
Blockchain Distribution: 90% of accumulated funds automatically transfer to the winning charity
Real-time Transparency: All transactions broadcast live with full blockchain verification
Transparency Note: Every transaction is permanently recorded on Solana's blockchain and can be independently verified using tools like Solscan or Solana Explorer.
How The Charity Selection Works
The charity selection process is designed to be transparent and verifiably fair:
Selection Algorithm:
Trigger Condition: Every 10 minutes or when manually triggered by admin
Balance Check: Verify donation wallet has sufficient funds (minimum threshold)
Charity Pool: Retrieve all verified charities from database
Random Selection: Use blockchain-based randomness for selection
Winner Announcement: Broadcast selection to all connected clients
Transparency Measures:
Selection timestamp recorded on blockchain
Random seed derivation from blockchain data
All selection events logged and publicly auditable
Winner announcement includes full transaction details
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