Prize Protocol

Prize Protocol is a Solana-based ecosystem built around a watch-to-earn model, where users earn in-platform rewards called Gems by engaging with sponsored content. Those Gems can then be converted into the native PRIZE token, which is used to enter giveaways organized through the protocol. The project also includes a recycling mechanism designed to let holders convert inactive or failed tokens into PRIZE, aiming to reduce token clutter in the Solana ecosystem.

The protocol runs on the Solana blockchain and does not operate its own independent consensus layer, instead relying on Solana's infrastructure for settlement and transaction finality. PRIZE tokens serve as the medium of exchange inside the ecosystem, enabling giveaway participation and acting as the output of both the Gems conversion pathway and the Recycle feature. A community treasury is funded by portions of platform revenue and is intended to support ecosystem rewards and long-term incentives for participants.

The protocol describes a revenue model in which a portion of platform income flows into a community treasury, though the stored data does not include specific fee figures, rates, or named fee recipients beyond this general description. Without a quantified fee stream in the data, fee-based measures such as fee yield or revenue multiples are not available on this page. What is recorded is that roughly 53.32 percent of the maximum supply of 100,000,000,000 tokens is currently in circulation, with a fully diluted valuation that stands at 1.88 times the current market capitalization of approximately 67.5 million USD, reflecting the weight of tokens not yet issued.