Prize Protocol

Prize Protocol is a Solana-based watch-to-earn and quest-to-earn ecosystem in which users accumulate in-platform credits, called Gems, by watching sponsored content and completing tasks. Those Gems can then be converted into the native PRIZE token, which in turn lets holders enter giveaways organized on the platform. The project positions itself as a bridge between advertisers seeking engaged audiences and users seeking rewards for their attention.

The protocol runs on the Solana blockchain, inheriting that network's consensus and settlement layer rather than operating its own. PRIZE tokens serve as the participation currency inside the system: they are earned through the Gem conversion mechanism, spent to enter giveaways, and can also be obtained by recycling inactive or failed tokens through a dedicated on-chain feature. A community treasury is funded by portions of platform revenue and is used to support ecosystem rewards and long-term holder incentives.

The data provided does not include a discrete fee-revenue figure or a breakdown of how platform revenue is split between the treasury and other parties, so fee-based measures such as price-to-fees ratios are not available for this asset on this site. What is known is that the protocol describes a revenue model tied to sponsored content, implying advertisers are the primary fee payers, with portions flowing to the community treasury. The circulating supply stands at approximately 56.07 billion PRIZE against a maximum supply of 100 billion, meaning roughly 78.36 percent of the total supply has not yet entered circulation as of this point-in-time reading, which has direct implications for future token distribution.