Mechanics

Print Protocol operates on a proprietary script enabling auto-swap functionality to our token taxes. The script then takes all Solana received via the swap and distributes appropriately between the operations wallet and all holders.

How is this possible?

What makes Print Protocol unique is the possibilities unlocked by our proprietary script. Here we will break down how it works:

Step 1: Collects taxes

We have automated the collection of all token taxes to our deployer wallet. Every time a swap or transfer is executed, 8% of all tokens are set aside into a collectable 'tax token account'. Our script frequently checks for all accounts collectable and claims the tokens to the deployer.

Step 2: Swap threshold

While collecting all taxes, our script queries for the $PRINT token balance of the deployer wallet. Once the wallet balance exceeds the swap threshold (1 million $PRINT) a swap is executed via Fluxbeam to convert the tokens into Solana.

Step 3: Distribution

Our current tax structure of 8% includes 2% to the operations wallet & 6% as rewards distributed amongst all holders. With this in mind our script will send 25% of the Solana received via our token swap to the operations wallet (0.08 * 0.25 = 0.02 for operations as pre-defined in our tax structure).

Once this transaction is completed the script grabs a list of all holders and distributes all remaining Solana to the holders of $PRINT. The amount of Solana each holder receives is directly correlated to the amount of $PRINT they hold. LP is blacklisted from receiving rewards.

*Note: The minimum Solana that can be sent in a single transaction is 0.000001 SOL, any holders who would not receive this amount or higher will not be eligible for rewards. As a baseline it is recommended to hold approximately 6,000 $PRINT to receive rewards.