🏆$DragonBase Prize
Reflection token On Base Chain
DragonBase Prize is an entirely new utility for meme tokens and also for reflection tokens on the Base chain. It offers participants the opportunity to take part in a weekly lottery and win a portion of the fees generated by token transactions.
Operation of DragonBase Prize
DragonBase Prize is a weekly lottery where a winner is randomly drawn from participants who have purchased at least one lottery ticket. Each ticket has a cost of 0.0015 ETH, and there is no limit to the number of tickets a single participant can purchase. The lottery is based on 1% of the tax generated by DragonBase token buy transactions. In other words, each time a buy transaction occurs, 1% of the transaction amount is allocated to the lottery pool.
Goals and Benefits
1. Community Engagement:
DragonBase Prize encourages community interaction and engagement through a fun weekly lottery.
Participants have the opportunity to win a portion of the generated fees, further incentivizing adoption and participation in the DragonBase platform.
2. Project Sustainability:
50% of the lottery pool are allocated to MDTv3 TVL, enabling sustainable growth and expansion of DragonBase token functionalities.
A portion of the taxes from MDTv3 will be used to purchase DragonBase tokens. Over time, this will become a "friendly whale" and will help generate reflections every time it makes a purchase.
3. Equity and Transparency:
The lottery is conducted fairly and transparently, with the random selection of a winner from all eligible participants.
All lottery-related transactions and activities are recorded on the Solana blockchain, ensuring complete traceability and auditability.
Example
BUY
Daily Buy Volume -> $100,000
Weekly Buy Volume -> $100,000 * 7 days = $700,000
DragonBase Prize Value -> 1% of $700,000 = $7,000
TOTAL
Total = $7,000 Winner's Prize Value = $3,500 🤑 MDTv3 TVL= $3,500
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