Mining SOL Distribution
To mine SOLAX, users employ SOL and time. The SOL is returned to users in various ways to foster ecosystem growth, as outlined below.
SOL Distribution:
62% of SOL is sent to the decentralized Buy & Burn smart contract. This contract buys SOLAX from the market via the SOLAX/SOL pair on raydium and burns all the SOLAX it acquires.
28% of SOL is allocated to payout cycles, which are used to reward SOLAX stakers based on their number of shares.
7% of SOL goes to the Burn Pool, which compensates SOLAX Burners according to the amount they’ve burned over the past 28-day period.
3% of SOL is designated for SOLAX liquidity. This portion may or may not be used to create deep liquidity between essential pairs within the SOLAX ecosystem. No specific expectations should be held regarding this allocation.
All transactions and allocations are managed through smart contracts that users interact with using their own private keys. There is no central authority, individual, or organization overseeing these processes. The system is entirely decentralized, operated and owned by the users engaging with the smart contracts deployed on the globally decentralized Solana network.
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