Find answers to common questions about Magic 8 Sol lottery
What is Magic 8 Sol?
Magic 8 Sol is a revolutionary lottery token built on the Solana blockchain with draws every 15 minutes. Players automatically participate by holding tokens, and 10 winners are randomly selected each round using verifiable random functions (VRF).
How often are draws held?
Draws are held every 15 minutes, 24/7. This means there are 96 opportunities to win every single day! The exact draw times are determined by the blockchain and VRF system.
How much does it cost to play?
Simply buy and hold Magic 8 Sol tokens! Every transaction has an 8% transfer fee that funds the prize pool. You only need to pay standard Solana transaction fees when buying tokens (usually less than $0.01).
How are winners selected?
Winners are selected using Solana's verifiable random functions (VRF) which ensures complete fairness and transparency. All eligible Magic 8 Sol token holders are automatically entered into each 15-minute draw.
What wallet do I need?
You can use any Solana-compatible wallet such as Phantom, Solflare, Backpack, or any other wallet that supports SPL tokens. Make sure your wallet is properly set up and you have SOL for transaction fees.
How do I verify the game is fair?
All draws use verifiable random functions (VRF) which can be verified on the Solana blockchain. Every draw and payout is recorded on-chain and can be independently verified. You can check all transactions on Solana Explorer.
How much can I win?
Prize amounts vary based on trading volume and the 8% transfer fee collected. 76% of all fees go directly to the 10 winners each round, automatically distributed after each draw.
How and when do I receive my winnings?
Winnings are automatically sent to your wallet immediately after each 15-minute draw! There's no need to claim prizes or contact anyone. If you win, the prize will appear in your wallet within minutes.
Can I win multiple times?
Absolutely! There's no limit to how many times you can win. Each draw is independent, so previous wins don't affect your chances in future draws. As long as you hold Magic 8 Sol tokens, you're automatically entered.
Is Magic 8 Sol safe?
Yes! The entire system runs on smart contracts on the Solana blockchain, making it transparent and secure. All code is auditable, and the random number generation uses VRF for fairness. However, only invest what you can afford to lose.
Do I need to do anything after buying tokens?
No! Once you hold Magic 8 Sol tokens in your wallet, you are automatically eligible for all future 15-minute draws. There's no need to register or sign up anywhere - just hold the tokens and you're in!
What is the 8% transfer fee?
The Magic 8 transfer fee is applied to every transaction. 76% goes directly to lottery winners, 20% supports development, and 4% covers operations. This fee structure ensures continuous prize pools and sustainable development.