Buy & Burn
62% of the SOL generated gets sent to the SOLAX Buy & Burn smart contract.
This contract can be used by any builder on top of SOLAX.
The SOLAX Buy & Burn smart contract when it receives SOL, it will automatically wrap it to WSOL for you and it becomes available for users to call the BuyAndBurn function on.
So, if you're a project building on top of SOLAX and want to implement a buy and burn that buys SOLAX off of the market and burns it, you can send a portion of the SOL protocol fee to our buy & burn contract and it will take care of everything else.
No need to build your own buy & burn smart contract.
Notes on user incentives:
Users get 0.25% of the SOL in "Distribute SOL" as an incentive for calling the smart contract function to distribute the SOL between payouts, buy and burn and burn pool.
Same 0.25% incentive reward applies to calling the buy & burn function that will buy SOLAX off of the market through the raydium SOL/SOLAX pair and burn whatever amount of SOLAX it just bought.
Both can be done inside of the SOLAX dApp.
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