Version 1.0 - Dec 2025

Solto White Paper

Decentralized Raffle & Ticketing Platform built on Solana.

1. Executive Summary

Solto is a next-generation ticketing and raffle platform leveraging the speed and low cost of the Solana blockchain. We address the critical inefficiencies in the traditional ticketing industry—namely fraud, scalping, and lack of transparency. By utilizing a hybrid architecture that combines the user experience of Web2 with the trustlessness of Web3, Solto offers a seamless platform for verifiable, fair, and secure events.

2. Problem Statement

Transparency & Fraud

Traditional lotteries and raffles function as "black boxes." Participants cannot verify the fairness of the draw, leading to distrust. Ticket counterfeiting remains a billion-dollar issue globally.

High Fees & Access

Legacy platforms charge exorbitant service fees (15-30%) and often restrict global participation due to banking limitations and currency conversion barriers.

3. The Solto Solution

Verifiable Fairness

Winner selection is executed via algorithms that can be cryptographically verified. Every ticket purchase is recorded on-chain or in an immutable ledger.

Instant Settlements

Winners receive their payouts instantly through Solana's high-speed network, eliminating the weeks-long wait times of traditional banking rails.

Global Access

By using cryptocurrency (SOL & SPL Tokens), Solto removes geographical barriers, allowing anyone with a wallet to participate and host events.

4. Technology Architecture

Hybrid Web3 Infrastructure

Blockchain Layer: Solana (Mainnet Beta) for high throughput (65,000 TPS) and negligible fees (<$0.001).
Authentication: Dynamic.xyz providing non-custodial wallet adapters and email-to-wallet on-ramps.
Backend: Node.js/Express API with MongoDB for efficient data indexing and off-chain metadata storage.
Payments: Onramp money integration for fiat-to-crypto bridging, ensuring a seamless user experience for non-native crypto users.

5. Tokenomics ($SLT)

The Solto Token ($SLT) is the utility and governance token of the ecosystem. It is designed to incentivize participation, governance, and long-term holding.

Token Utility

Staking for Revenue Share
Discounted Platform Fees
Governance & Voting Rights
Exclusive Event Access

Token Allocation (Total: 100M)

Community & Rewards (40%)40,000,000

Development & Team (20%)20,000,000

Public & Private Sale (25%)25,000,000

Liquidity & Marketing (15%)15,000,000

6. Roadmap

Phase 1: Foundation

Q4 2025

Platform MVP Development
Smart Contract Audits
Seed Funding Round
Community Building

Phase 2: Launch

Q1 2026

Public Mainnet Launch
$SLT Token Generation Event
Staking Dashboard Release
First Major Raffle Event

Phase 3: Expansion

Q2 2026

Cross-chain Integration
Mobile App Beta (iOS/Android)
Partnerships with Event Organizers
DAO Governance Launch

7. Core Team

Wisdom Chimezie

Founder & CEO

Alex Rivera

CTO

Sarah Chen

Head of Product

Marcus Johnson

Community Lead