Prize Pool System
Strike Bot's weekly lottery rewards active traders with a chance to win the accumulated prize pool. This guide explains how the pool works, how to qualify, and the drawing process.
How the Prize Pool Works
Pool Funding & Fee Structure
Transaction Fee Breakdown: From every trade, Strike Bot charges a 1% platform fee, which is distributed as follows:
10% of platform fee → Prize Pool contribution (0.1% of total trade volume)
50% of remaining fee → Direct referrer commission (if applicable)
10% of remaining fee → Indirect referrer commission (if applicable)
Remaining amount → Platform revenue
Example:
Trade Volume: $1,000
Platform Fee: $10 (1%)
Prize Pool: $1 (10% of fee = 0.1% of volume)
Available for referrals: $9
Prize Distribution System
Draw Frequency: Weekly draws held every Sunday Winner Selection: Top 3 traders are selected based on total entries earned during the week Prize Distribution:
1st Place: 50% of weekly prize pool
2nd Place: 30% of weekly prize pool
3rd Place: 20% of weekly prize pool
Note: This is NOT a random lottery - winners are determined by who accumulates the most entries through trading volume and SocialFi activities.
How to Qualify & Earn Entries
Trading-Based Entries
Entry Rule: Every $100 USD in trading volume = 1 entry
Minimum Requirement: $100 USD total volume per week to be eligible
Example:
$500 trade volume = 5 entries
$1,200 trade volume = 12 entries
SocialFi Reward Entries
Users can earn additional entries through social media engagement:
Requirements:
Trading Volume: Minimum $50 USD per week
X Account: Must connect Twitter/X account
Submission Limit: Up to 1-2 entries per week (configurable)
Ways to Earn SocialFi Entries:
Repost/Quote Tweet Strike Bot Posts
Find official Strike Bot posts
Quote tweet or repost with hashtag #Strike_Bot⚡️
Submit the tweet URL through the bot
Reward: 1 entry per approved submission
Share PnL Cards
Generate PnL cards from your trading performance
Post to X with custom or default caption
Include Strike Bot branding and referral
Reward: 1 entry per approved submission
SocialFi Entry Process:
Trade minimum $50 USD during the week
Connect your X (Twitter) account via OAuth
Choose submission type (repost or PnL card)
Submit through the bot interface
Await admin approval (automatic for valid submissions)
Approved entries count toward weekly lottery
Weekly Selection Process
Eligibility Criteria
Minimum Trading: $100 USD volume OR $50 USD + SocialFi entries
Active Week: Must have completed trades during the competition week
Account Status: Must not be blocked from the platform
Winner Determination
Winners are selected based on total entries accumulated:
Transaction Entries: Floor(trading_volume_usd / 100)
SocialFi Entries: Approved social media submissions
Total Entries: Transaction entries + SocialFi entries
Ranking System:
Sort users by total entries (highest first)
For ties: Use USD trading volume as tiebreaker
Select top 3 eligible users
Exclude blocked users from selection
Prize Calculation
Weekly Prize Pool = Sum of all feeBreakdown.prizePoolContribution for the week
1st Place Prize = Weekly Prize Pool × 50%
2nd Place Prize = Weekly Prize Pool × 30%
3rd Place Prize = Weekly Prize Pool × 20%Example Scenarios
Scenario 1: Trading Only
Your Activity:
Week 1 trading: $800 USD volume
Entries: 8 (no SocialFi submissions)
Prize Pool: $50 SOL total for the week
Your Position: 2nd place
Prize Won: $15 SOL (30% of pool)
Scenario 2: Trading + SocialFi
Your Activity:
Week 1 trading: $300 USD volume (3 entries)
1 approved repost (1 entry)
1 approved PnL card (1 entry)
Total Entries: 5
Prize Pool: $75 SOL total for the week
Your Position: 1st place
Prize Won: $37.50 SOL (50% of pool)
Scenario 3: SocialFi Minimum
Your Activity:
Week 1 trading: $75 USD volume (0 transaction entries, but meets SocialFi minimum)
2 approved social submissions (2 entries)
Total Entries: 2
Prize Pool: $40 SOL total for the week
Your Position: 3rd place
Prize Won: $8 SOL (20% of pool)
Prize Delivery
Method: Automatic SOL transfer to winner's Strike Bot wallet
Timing: Processed after weekly selection (typically Monday)
Notification: Winners receive immediate bot notification
Transparency: Weekly results displayed in Prize Pool dashboard
Configuration Settings
The system includes configurable parameters (admin-only):
SocialFi minimum trading volume: Currently $50 USD
SocialFi max entries per week: Currently 1-2 submissions
Winner percentages: 50%/30%/20% split
Entry submission types: Tweet reposts and PnL cards enabled
FAQ
❓ How are winners selected? → By total entries earned (trading + SocialFi), not random selection.
❓ Can I increase my chances? → Yes, trade more volume and submit approved SocialFi content.
❓ What if I only do SocialFi? → You need minimum $50 trading + social submissions to qualify.
❓ How many can win each week? → Top 3 traders split the weekly prize pool.
❓ When do I get paid? → Automatically after weekly selection, typically Monday.
❓ Can I opt out? → No, the 0.1% contribution is built into all trades.
❓ What counts as SocialFi entry? → Approved reposts of Strike Bot content or PnL card shares on X.
This system rewards both high-volume traders and active community members who help promote Strike Bot through social media engagement.
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