How SolRise Works
SolRise operates at a 4% tax utilizing solana's Transfer Fee token extension.
1. Fee Collection
Every RISE transfer automatically collects a fee through the Token-2022 program. These fees are periodically harvested and split into three portions:
50% for Buy Back operations - Sent to:
CMJ6a32tSZWkr2B1y1BeUrZr8ejTgpLG27N9LB88XcbU
25% for burning (reducing supply) - Sent to:
3WsAQytMAPKmXnQq5bkwk128Nbg3zXpsdLY6T2XkrHpy
25% for redistribution to holders - Sent to:
4WH31nh7HeKuhDxbfKYcCen5MmpN4RVzy2uymUErSPHL
2. Market Operations
The market operations portion is:
Automatically sold for SOL through Jupiter
The resulting SOL is evenly split between:
Buyback operations:
BpCXThVWwxFRr8UCZEAp9KVKEQjFmL42JPaAxbFStY8P
3. Token Burning
The burning mechanism:
Permanently removes RISE from circulation
Creates natural deflationary pressure
Helps maintain token value
4. Holder Rewards
The distribution system:
Automatically shares RISE among qualified holders
Rewards long-term holders
Creates natural holding incentives
Last updated