Coin Terminal, a launchpad platform focused on Web3 projects, has introduced an innovative incentive model that combines its refund policy with automatic entry into a monthly crypto lottery. The platform recently awarded its latest $10,000 prize to Yurii Ovsii, a 44-year-old Ukrainian immigrant living in Florida, demonstrating the unique system in action.

Since its launch in mid-2024, Coin Terminal has given participants in its Initial DEX Offerings (IDOs) a chance to win $10,000 through an on-chain lottery verified by Chainlink’s Verifiable Random Function (VRF). Eligibility is extended to all users who contribute at least $250 to a sale, even if they later opt for a full refund.

A Winning Model for Investors

Ovsii, an active Decentralized Finance (DeFi) user, had invested $14,000 in Project Merlin, an ecosystem for Web3 startups. When Binance canceled the project’s planned Alpha listing, Coin Terminal honored its refund policy and returned his investment in full. Despite withdrawing from the project, Ovsii’s entry in the lottery remained valid, and he was ultimately selected as the winner from a pool of 1,200 participants.

Ovsii said he was in disbelief when Coin Terminal contacted him, initially thinking it was a dream. He plans to use the prize money to participate in more launches on the platform and to take his family on a well-deserved holiday, expressing his gratitude for winning even after refunding his initial investment.

An Open-Access Approach to Web3

Coin Terminal operates as an open-access platform, allowing anyone to join token sales without requiring token staking or exclusive memberships. Its money-back guarantee serves as a safeguard for investors when projects don’t meet expectations, lowering the barrier to entry for retail participants.

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 prominent venture firms such as Coinbase Ventures, Animoca Brands, and Binance Labs, enabling retail users to co-invest alongside institutional players. This integration of refund protection with a lottery system underscores Coin Terminal’s strategy to build user trust and mitigate risk in early-stage Web3 investments.