> For the complete documentation index, see [llms.txt](https://dragonbase.gitbook.io/wp/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dragonbase.gitbook.io/wp/whitepaper/dragonprize.md).

# DragonPrize

DragonSol Prize is an entirely new utility for meme tokens and also for reflection tokens on the Solana chain.\
It offers participants the opportunity to take part in a weekly lottery and win a portion of the fees generated by token transactions.<br>

## Operation of DragonSol Prize

DragonSol 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 0.05 SOL, and there is no limit to the number of tickets a single participant can purchase. \
The lottery is based on 0.5% of the fees generated by DragonSol token buy and sell transactions.\
In other words, each time a buy or sell transaction occurs, 0.5% of the transaction amount is allocated to the lottery pool.

<figure><img src="/files/JauKoJxaRYgpst42xxDy" alt=""><figcaption></figcaption></figure>

## Goals and Benefits

#### 1. Community Engagement:

* DragonSol 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 DragonSol platform.

#### 2. Project Sustainability:

* 50% of the lottery pool are allocated to funding partnerships with other token projects, enabling sustainable growth and expansion of DragonSol token functionalities.
* Partnerships with other token projects can lead to beneficial synergies, further increasing the value and utility of the DragonSol token.

#### 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.<br>

<figure><img src="/files/KkJHZe5AaL9gufEKXELH" alt=""><figcaption></figcaption></figure>

## Example&#x20;

BUY&#x20;

* Daily Volume -> $200,000
* Weekly Volume -> $200,000 \* 7 days = $1.4 Million
* &#x20;DragonPrize Value -> 0.5% of $1.4 million = $7,000

SELL&#x20;

* Daily Volume -> $200,000
* Weekly Volume -> $200,000 \* 7 days = $1.4 Million
* &#x20;DragonPrize Value -> 0.5% of $1.4 million = $7,000

TOTAL

Total = $14,000 \
**Winner's Prize Value = $7,000** 🤑\
Partnerships = $7,000

{% hint style="info" %}
🏚️ LET'S CONNECT 🏚️

📌 [WebSite](http://dragonsol.xyz/)\
📌 [Twitter](https://twitter.com/dragonsol_token)\
📌 [Telegram](https://t.me/+YcJrJSKgoZk4NmI0)
{% endhint %}


---

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