Every degenBTC transfer pays a 0.1% Token-2022 transfer tax, enforced at the token level. The tax routes to burn, country treasury, and mining-vault recycle paths. It does not require an app-level fee switch.
How it works
degenBTC is a Solana Token-2022 asset. The 0.1% fee is configured at the token program level and the transfer fee authority is revoked for launch, so it fires on transfers outside the app too.
Withheld tokens sit in token accounts until anyone sweeps them into the routing vault. A public on-chain config decides how that vault splits tax between burn, country treasuries, and the mining vault.
The tax ledger is public. Every routed token lands in one of three places: burn, country treasury, or mining vault. The percentages live in on-chain config and can be verified directly.
Where it goes
The launch split is:
- 50% burned. This permanently reduces circulating supply.
- 25% country treasury. This accumulates for per-country staking rewards.
- 25% recycled to the mining vault. Goes back into the reward pool that pays future rounds and cycle rewards.
NFT market making is not funded from this transfer tax. It is funded from SOL fee distribution through distribute_sol_fees, which routes a default 3% of distributable SOL fees into the inventory sweep vault.
Country treasury payout
Every hash cycle, each country's treasury can distribute to its stakers after cycle settlement. 80% splits by leaderboard rank: every country gets something, higher ranks get more, and each country's share splits between degenBTC stakers and LP stakers. The other 20% goes to one underdog country selected on-chain.
The underdog draw is derived from the cycle id on-chain, so anyone can reproduce it.
The loop
Transfer tax creates three loops at once: burned supply, country staking rewards, and recycled mining budget. More degenBTC movement feeds all three.