Solotto (LOTTO)

Solotto (LOTTO) is a unique raffle-based token protocol operating on the Solana blockchain. Designed to provide a gamified trading experience, Solotto allows participants to earn entries to weekly raffles by trading, holding, and selling the token. The prize pool for the raffles is fueled by a portion of the trading volume, ensuring that winners emerge from a community of engaged holders. This system transforms conventional trading into an entertaining venture where participants not only aim for profits but also for exciting rewards.

The structure of the weekly raffle is built around specific eligibility criteria that participants must meet to qualify for drawings. Each holder must maintain a minimum balance of $50 worth of LOTTO at the time of the weekly snapshot, and trade at least 75% of their holdings throughout the raffle cycle. The weekly snapshot happens every Sunday, with winners announced live on social media the following day. This approach eliminates inactive wallets, ensuring that only active participants have a chance to win and thereby enhancing the overall fairness of the raffle process.

Solotto employs a tiered prize system, where different tiers of holders have the chance to win varying portions of the prize pool. The allocation is structured to reward the top 5% most actively trading participants with the largest share, while also providing opportunities for the next tiers of holders. As the platform evolves, there are plans to incorporate smart contracts and enhance transparency in the winner selection process. Through community feedback and involvement, Solotto aims to continuously improve and potentially expand its ecosystem within the vibrant Solana blockchain community.