I won a competition of Swissborg and got a Ledger Nano as a gift from the team so I know most of their contests are genuine
Have they given you their raffle/lottery license info? Of course not - they are
not genuine.
It was not a raffle nor a lottery but a giveaway:
This was their tweet: We are giving away #LedgerNano! Write your own catchphrase for #SwissBorg project using hashtag #swissborgico. The most original slogan will be chosen by our jury. Winner will be announced tomorrow, good luck!
#ico #blockchain #chsb #tokensale
they chose my slogan and after few months, I received the gift. I did not know they need to have a license as I have participated in many giveaways on bitcointalk forum too and have won many contests on Twitter where only T&C are mentioned.
I asked the team. And they did reply to me: The team doesn't release any sensitive information like tresuary management. The team has the sources to pay the 500k as they did collect over 50$ USD during ico. If it were a dodgy company/or fake website, then I would share your opinion, but that is not the case here. This is a marketing campaign and it really hurts that its getting compared to lq startups or scams.
They need to be transparent when it comes to such a huge amount even though they did collect a lot during their ICO. I would also take part then but only if they can genuinely afford to give such a big amount.