The lottery’s prize pool increases through transaction fees generated by token trading.
Solana is preparing to launch Solotto, a blockchain-powered lottery system that reshapes how players participate in raffles. Instead of buying paper or online tickets, entries are earned by purchasing and trading the project’s native digital token, $LOTTO. The initiative is designed to reward community involvement while using blockchain technology for transparency and governance.
Kevin Ruiz, Solotto’s founder, explained that the goal is to merge familiar ideas of trading and lottery gaming. The system channels value back to the community through weekly raffles, locked supply of tokens, and decision-making guided by holders. Over time, the team hopes Solotto can establish itself as the first large-scale global lottery run entirely on blockchain.
The platform is built on Pump. fun’s protocol, a network known for fueling meme coin activity and giving token creators a way to promote projects through live streams. By using this infrastructure, Solotto intends to tie lottery growth directly to trading activity rather than traditional ticket sales.
Eligibility for Solotto’s weekly drawing requires users to not only hold at least $50 worth of $LOTTO but also trade at least half of their holdings every week. On Sundays, wallet snapshots determine who qualifies, with live drawings held on Mondays and prizes distributed the following day.
Winners are split into four tiers, ranging from 40% of the prize pool for the top prize to 10% for the lowest tier. Unlike Mega Millions or other state-run lotteries, where ticket purchases inflate jackpots, Solotto’s prize pool increases through transaction fees generated by token trading.
While the model introduces innovation and community engagement, it may challenge players unfamiliar with digital assets. Traditional lottery participants who prefer straightforward ticket purchases could hesitate, but for those interested in blending trading with gaming, Solotto offers a new kind of lottery experience.
