1. Introduction
Torka introduces a revolutionary 6/42 lottery model built on the Solana blockchain, delivering a transparent, efficient, and globally accessible alternative to traditional lotteries. By leveraging blockchain technology and Verifiable Random Function (VRF), Torka eliminates the risks of result manipulation, ensures provable fairness, and redefines the lottery experience for players worldwide.
2. Core Features
- Fully On-Chain Operations: Every transaction, including ticket purchases, draw results, and prize distributions, is immutably recorded on the Solana blockchain, ensuring unparalleled transparency.
- Fair and Tamper-Proof Draws: The use of VRF guarantees unbiased, cryptographically secure random number generation for every draw.
- Streamlined Prize Distribution: Winners can claim rewards instantly via the Torka.
- Decentralized Governance: Administrative control will be relinquished following the inaugural draw, establishing a trustless and community-driven system.
3. Tokenomics
Total Supply: 100 million TK tokens
- 75M TK: Reward Fund (75%)
- 2M TK: Initial Coin Offering (ICO) (2%)
- 8M TK: Initial DEX Offering (IDO) (7%)
- 5M TK: Liquid pool (This amount of tokens is added to the pool along with the USDT obtained from the IDO sale, ensuring that the initial price in the pool will be equal to the IDO price) (7%)
- 5M TK: Development Team (5%, locked until the first draw)
- 2M TK: Airdrops & Community Incentives (2%)
- 2M TK: Marketing (advertising, KOL partnerships, etc.) (2%)
- 1M TK: System Operations (on-chain storage, Oracle, VRF fees) (2%)
4. Prize Distribution
The prize structure dynamically adjusts based on ticket sales and token price trends:
- Jackpot: Comprises the accumulated jackpot fund plus 5% of the current draw’s prize pool.
- Second Prize: (Token for 1 ticket that round) × 2200 × y
- Third Prize: (Token for 1 ticket that round) × 50 × y
- Fourth Prize: (Token for 1 ticket that round) × 3 × y
Where:
- Total tokens from ticket purchases = $2 / 24-hour average token price
- y = (Current 24-hour average token price) / (Previous 24-hour average token price)
- min y = 1
This formula ensures the stability of the prizes amid token price fluctuations while still allowing prize growth when the token price increases.
5. Lottery Mechanics
- Ticket Selection: Players choose 6 numbers from a range of 1 to 42 per ticket.
- Purchase Process: Tickets are acquired through the Torka dApp
- Draw Schedule: Draws occur every 48 hours:
First 46 Hours: Open ticket sales period.
Final 2 Hours: Ticket sales close, and VRF generates the winning numbers.
- Prize Claiming: Winners claim rewards directly through the dApp interface.
6. Staking Mechanism
Players can stake TK tokens to earn free lottery tickets, incentivizing long-term participation. The required stake amount is calculated as:
Stake Amount =Token for 1 ticket that round × (a × b)
Where:
- a (Stake Duration Multiplier):
8 days = 40
20 days = 30
30 days = 10
- b: Number of free tickets (maximum of 10 per staking transaction)
Staking transactions are independent, with tokens locked for the selected duration and no early withdrawal option.
7. Sustainability Mechanisms
- Prize Scaling: Prize values are pegged to token price trends, ensuring consistency for winners regardless of market fluctuations.
- Deflationary Model:
60% of tokens from ticket purchases are burned.
40% are allocated to the jackpot fund.
Upon burning 5M tokens, the burn rate adjusts to 30%, with an additional 30% redirected to the prize pool.
This approach balances token supply reduction with sustained reward growth.
8. Future Development
- Cross-Chain Integration: Expanding Torka to additional blockchains to broaden its player base.
- Mobile Application: Introducing a mobile app with fiat payment options (e.g., credit cards, PayPal) for seamless accessibility.
9. Comparison with Traditional Lotteries
Feature
Torka
Traditional Lottery
Transparency
100% on-chain, publicly verifiable
Opaque, susceptible to internal fraud
Draw Fairness
VRF ensures tamper-proof randomness
Vulnerable to manipulation
Winning Odds
6/42 (higher probability)
6/45 or higher (lower probability)
Payout Speed
Instant, wallet-based
Delayed, often days to weeks
Tokenomics
Burn and stake mechanisms enhance value
Fixed prize pools, no inflation control
10. Torka is Not Gambling
Torka is a pure lottery system, distinct from gambling or casino-based projects. It is committed to remaining a lottery platform and will not evolve into betting or casino-related activities. Torka aspires to be the most transparent and trusted blockchain lottery globally.
11. Conclusion
Torka redefines the lottery landscape by delivering a fully transparent, decentralized, and equitable system on the Solana blockchain. Through on-chain operations, VRF-driven fairness, staking rewards, and a deflationary token model, Torka surpasses the limitations of traditional lotteries. With ambitious plans for cross-chain expansion and fiat integration, Torka is poised to become the most accessible, trusted, and innovative lottery platform in the blockchain ecosystem.