Overview

Solpot is a revolutionary Solana-based memecoin that introduces a unique and engaging lottery system. By simply holding Solpot tokens, participants automatically enter a decentralized lottery, creating continuous incentives for holding and trading. Solpot is designed to maintain fairness and sustainability while rewarding users frequently with increasing prize pools. The combination of transaction-based funding and an innovative draw schedule ensures long-term engagement and excitement within the community.

How It Works

Transaction Fees & Prize Pool

Solpot operates with a transaction tax system that fuels the lottery’s prize pool.

• Every buy or sell transaction incurs a 5% fee.

• 100% of this collected fee goes directly into the prize pool to fund the next lottery.

• Once a winner is drawn, the prize pool resets, starting to accumulate funds again for the next round.

• The continuous cycle ensures that there is always a growing reward available for holders who participate.

This system creates a self-sustaining economy where active trading and holding contribute to increasing jackpot sizes over time. The more the token is used, the larger the rewards become, fostering organic engagement and consistent liquidity.

Lottery Mechanics

The lottery is designed to be both fair and rewarding, balancing incentives for both small and large holders.

• Holding more Solpot tokens increases your chances of winning. Each token acts as an entry into the lottery, meaning the more tokens a user holds, the higher their probability of being selected in a draw.

• A fairness mechanism may be implemented to cap maximum entries per wallet. This prevents excessive concentration of winning chances by whales while still incentivizing larger holdings.

• The selection process is handled algorithmically and transparently. The decentralized nature of the lottery ensures fairness and removes any potential for manipulation.

By structuring the lottery in this way, Solpot encourages users to accumulate and retain their holdings while maintaining accessibility for smaller participants.

Lottery Timing and Scaling

Solpot’s lottery follows an innovative timing model that gradually increases the interval between draws.

• The first lottery takes place 30 minutes after launch, ensuring immediate engagement for early adopters.

• The second draw happens 1 hour after the first, doubling the waiting time.

• Each subsequent lottery follows this pattern, doubling the previous interval before the next draw occurs.

This approach provides multiple benefits:

• Frequent early lotteries encourage immediate participation. New buyers can see fast results, creating initial excitement and momentum.

• Increasing draw intervals build anticipation and allow for larger prize pools. Since the pool has more time to accumulate funds from transaction fees, later lotteries become more valuable.

• Sustainability is maintained by gradually spacing out jackpots. This prevents the system from depleting funds too quickly and ensures longevity for the project.

Fairness & Sustainability

Solpot is designed to be fair and sustainable for all participants. By using transaction fees to fund the prize pool, rather than relying on external funding, the system remains self-sufficient. Additionally, mechanisms such as entry caps and holding multipliers can be implemented to ensure fair access across different holder sizes. The increasing intervals between lotteries balance short-term excitement with long-term value, keeping both new and long-term holders engaged.