Overview

Before launch

These pages describe the programs as built and tested on a local chain running Meteora’s mainnet programs. The addresses are published at launch. Until then they appear as placeholders.

In plain words

• $777 trades on a bonding curve. The token is launched on a Meteora Dynamic Bonding Curve (DBC). Every buy and sell pays a 2% fee in USDC.
• Most of the fee goes to a pot. 1.344 of the 2 percentage points go to a pot that no person controls.
• Holding is your ticket. Your tickets for a round are the lowest balance you held through that round. There is nothing to sign up for.
• Trading fills rounds. A round closes after enough trades of a meaningful size. Then a draw picks three winners, weighted by tickets, and sends their prizes in USDC straight to their wallets. There is nothing to claim. Sometimes a draw also pays a jackpot.
• Longer rounds pay more. Each draw pays a share of the pot that grows with the time since the previous draw. As trading fades, draws pay out more, and the pot clears itself.
• It all runs on chain. The rules live in two programs deployed with no upgrade authority. Nobody can change them, and nobody can take money out of the pot except as prizes and bounties.

The pieces

Piece	What it does
The token, $777	A Token-2022 mint with a transfer hook. Supply of 1 trillion, 6 decimals.
The curve	A Meteora DBC curve priced in USDC. It starts at a $10k fully diluted value (FDV) and only completes at $100B FDV, which would take about $31.6M of USDC. So the token stays on the curve.
raffle-hook	The transfer hook. On every transfer it records balances, counts swaps and closes rounds. It also runs the draws and keeps the prizes.
raffle-pot	Holds the pot’s USDC and collects the curve’s fees into it. It pays out only when raffle-hook signs.
The table	One account at a fixed address: a status block the website reads, then up to 1,024 holder entries.

Key numbers

Parameter	Value
Supply	1,000,000,000,000 tokens
Trading fee	2% of every trade, in USDC
To the pot	1.344% of volume, or 1.337% after the 0.5% collection bounty
Minimum to count	10,000,000 tokens (0.001% of supply)
Holder table	1,024 token accounts
A round closes	On the swap that brings it to 150 counted swaps. After 12 hours, anyone can close it.
Each draw pays	The free pot times $1 - e^{-\Delta t / 4.5\text{ h}}$: about 20% after an hour, 93% after 12 hours. Split 60% / 25% / 15% between three winners.
Dust	A draw that would leave under $5 pays out the whole free pot. It sweeps the jackpot too only if the round closed on the 12-hour fallback with no swaps of any size.
Jackpot	Builds from 20% of the pot’s inflow. Each draw pays it with the chance $1 - e^{-\Delta t / 48\text{ h}}$. Capped at 5 times its mean.
Prizes	Sent to the winners’ USDC accounts in the reveal transaction. Nothing to claim, nothing expires.

The raffle’s values are compiled into its two programs and cannot change. The fee and its split are set in the curve’s config when the token launches.

Where to go next

• How it works: the whole cycle on one page.
• Tickets and the holder table: exactly how your weight is counted.
• The draw: where the randomness comes from, and why nothing done after a round closes can change its winners.
• The payout rule: how much each draw pays, with the maths, and how prizes are delivered.
• Fees and where they go: every cent of the 2%.
• Verify it on chain: accounts, the status block, and how to recompute a draw.
• Risks and limits: read this before you buy.
• Disclosures: the team’s 3% dev buy, what the team earns, and the engine.