❓What is PrintPad™
Last updated
Last updated
PrintPad™ is the first of many utilities offered by Print Protocol pursuing the mission of innovation within the Solana ecosystem.
At a high level, PrintPad solves the issue of automated tax-swaps to help fund projects. Prior to our automated management system, project owners who wish to implement a tax as a way to fund future endeavors would have to manually claim tokens from every account, then swap to $SOL, USDC, etc. Example: Normie Norman would like to run his new Token 2022 meme coin 'Dog Barked at Tree because Cat in Tree 6900 Inu' with a tax of 2% so he can acquire the latest and greatest within crypto marketing & give back to the community. Normie Norman runs into the problem of manually claiming tokens to swap for sol in order to fund his project. Normie tries to do this every hour but it's hard to stay consistent. Some hours he is selling 5% of the supply in one sell because the volume built up so heavily, which has a negative impact on his chart. Finally, Normie Norman decides to go to bed, but while he sleeps there is nobody to collect the tokens and swap them so when he wakes up he has no choice but to collect and once again make a massive sell, impacting the chart in a negative way. With PrintPad, Normie can simply link his Tax Withdrawal Authority to the automated swap management system, set a threshold of how many tokens should be sold at once, and automatically receive the $SOL earned via those swaps to his operations wallet.
PrintPad provides value in making these swaps consistent and automated. This leads to less work for the project managers as well as more consistent & manageable sell pressure to the chart.