The Prize Ladder is an item that was added in The Grand Tournament update. Players can put their Tourney Tokens in this ladder for a chance to either get one of the two prizes for each token they out in or lose all the tokens they have put in. There is a 1/3 chance of losing all tokens you've put in the Prize Ladder. Players can keep on putting tokens in the ladder until they either reach Level 15 in the ladder, or lose all their tokens trying.