Since its launch in mid-2024, Coin Terminal has offered participants in its Initial DEX Offerings (IDOs) a chance to win $10,000 through a fully on-chain lottery, verified by Chainlink’s Verifiable Random Function (VRF). Importantly, eligibility extends to all users who contribute at least $250 to a sale, even if they later choose to request a full refund.
Ovsii, an active DeFi user, had invested $14,000 in Project Merlin, a decentralized ecosystem designed to support Web3 startups. After Binance canceled the project’s Alpha listing, Coin Terminal honored its refund policy and returned his investment in full. Despite withdrawing from the project, Ovsii remained in the lottery draw and was ultimately selected as the winner from a pool of 1,200 participants.
“I couldn’t believe it when Coin Terminal contacted me to let me know that I’d won, I thought that I was dreaming,” said Yurii.
“I am going to use this money to enter more launches at Coin Terminal and, most importantly, pay for a holiday in order to spend some quality time with my family. I feel so blessed to have won this lottery, even though I had refunded my entry.”
Coin Terminal positions itself as an open-access platform, allowing anyone to participate in token sales without requiring token staking or exclusive membership. Its money-back guarantee, marketed as a safeguard in cases where projects do not meet expectations, aims to lower the barrier for retail investors while maintaining credibility.
To date, Coin Terminal has hosted more than 80 project launches, including AIT Protocol, StarHeroes, and K9 Finance. The platform has also facilitated offerings connected to venture firms such as Coinbase Ventures, Animoca Brands, DCG, OKX Ventures, and Binance Labs, allowing retail participants to co-invest alongside institutional players.
The integration of refund protection with an ongoing lottery model reflects Coin Terminal’s broader approach to user trust and risk mitigation in early-stage Web3 investments.
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Author: NixCoin
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