Spray Lottery System
The Spray Lottery is a reward system designed to incentivize long term holding and community engagement. It randomly distributes $SPRAY tokens to holders through two types of lotteries: Daily Sprays and Periodic Multi-Token Sprays.
Daily Spray Lottery Mechanism
Every week, 3 $SPRAY holders are randomly selected to receive a portion of the lottery pool, and 1 additional “Lucky Winner” who has not sold $SPRAY in a week receives a special $SPRAY reward.
Eligibility: Hold at least a minimum amount of $SPRAY (e.g., 1,000 tokens) in a compatible wallet. For the “Lucky Winner” reward, the holder must not have sold any $SPRAY in the week before the draw.
Reward Distribution: The lottery pool is divided as follows: 60% split equally among the 3 random winners (20% each), 40% awarded to the Lucky Winner.
Periodic Multi-Token Spray Mechanism
Periodically, the distribution of $SPRAY tokens is executed for holders of $SPRAY, $WKC, and $DURT. Eligible participants are rewarded from the $SPRAY tokens prize pool. By holding any of these tokens, participants automatically enter the distribution event and stand a chance to receive $SPRAY as a reward. The initiative aims to incentivize loyalty among holders and encourage a wider adoption of the $SPRAY ecosystem.
Eligibility: Users must hold at least one of the following: $SPRAY, $WKC, or $DURT by downloading and registering with PeniWallet, developed by SMC DAO
Reward Distribution: Tokens are distributed using PeniWallet’s “Spray” feature, which allows simultaneous token transfers to multiple wallet addresses. The prize pool is split equally among participants.
Peniwallet download links
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