SolottoPrice

(LOTTO)

To qualify for the weekly draw, participants must fulfill two primary requirements during the cycle from Monday to Sunday. First, users must maintain a minimum required USD value of $LOTTO tokens at the time of the weekly snapshot. Second, they must meet a turnover requirement by trading a specific percentage of their holdings. This trade-to-earn model ensures that rewards are distributed to active traders who contribute to the protocol's ecosystem and liquidity.

Unlike traditional lotteries that require ticket purchases, Solotto prizes are funded through transaction fees. The protocol utilizes creator fees generated from its associated launchpad protocol. Specifically, 70% of these fees are directed into the weekly community prize pool. The remaining 30% is allocated to an infrastructure wallet to support marketing and project growth, creating a sustainable reward mechanism driven by trading activity rather than direct buy-ins.

Transparency is maintained by using on-chain data via blockchain explorers to verify that all winners meet the necessary trading and holding criteria. While winners are currently drawn live on social media platforms to ensure community oversight, the project roadmap includes a transition to fully automated, on-chain randomness. By implementing smart contracts for selection, the protocol aims to provide a completely decentralized and tamper-proof method for choosing winners.

The prize pool is divided into four tiers to reward a wide range of participants based on their holding size. The top 5% of holders (Tier 1) share 40% of the pool. The next 15% (Tier 2) share 30%, while the following 30% of holders (Tier 3) share 20%. Finally, the bottom 50% of eligible participants (Tier 4) share 10% of the pool. This structure ensures that both large and small holders have the opportunity to earn rewards.

Solotto identifies as a DeFi reward mechanism rather than a traditional lottery. The distinction lies in its model; it does not sell tickets or require a pay-to-play entry fee. Instead, it rewards users for their trading activity and ecosystem engagement. By functioning as a loyalty-based reward system for active traders on the blockchain, the protocol differentiates itself from conventional gambling regulations that typically apply to traditional ticket-based lotteries.

The $LOTTO token has a fixed total supply and was launched via a fair launch on a Solana-based launchpad, ensuring no private sales or venture capital dominance. For added security, 10% of the total supply is locked, with releases managed through community governance. Furthermore, the lead developer is doxxed, which serves as a high-trust signal within the decentralized finance space, providing accountability and transparency for the community.