THE WHITE PAPER
Last updated
Last updated
SOLDOLLAR($SOLD) was conceived to combat the exhaustion of rug pulls in the meme coin space and make trading meme coins fun again. Propelled ahead of its time with the help of a Pump.fun exploit (through the flash loan attack on pump.fun), $SOLD is the last remaining active project from the attack.
CONTRACT: DQ2qtAGNjJowNziVh2U49jECznJth18eZtWTRbVinp6t
$SOLD was launched with one goal: to create a fun project that could stand the test of time and where everyone could WIN! The project was initially deployed with 3 Solana giving the founder 100M of the 1B $SOLD. Post the flash loan and the Radium bonding curve, pump.fun burned 700M of $SOLD tokens and the founder burned an additional 40M leaving a total of 60M $SOLD tokens that have been locked for Staking.
SolDollar's primary goal is to provide a stable and rewarding digital asset that combines the fun and community-driven aspects of meme coins with the financial stability and interest-bearing benefits of traditional currencies. With 60,000,000 SolDollars locked for staking until the $1 target is hit, pools will offer 3, 6, 9, and 12-month staking options. The highest return of 10% compounding interest rate is reserved for staking durations longer than 12 months. By staggering pool timelines, we help manage cash flow, reduce risk exposure, and maintain the $1+ peg—which could be substantially higher based on the price of Solana.
The community currently has 66.7M $SOLD locked on Juptier with varying timelines, up to a year. With the incentive of 10% interest gained on locks for a year or longer before hitting our target of $1. The interest paid for the "pre-staking" token lock is supplied by the community wallet which only holds 193K $SOLD. We have 60M $SOLD locked on Jupiter for staking and will only be released upon hitting the target of $1.
Staking Pool: A piece of collateralized SOL in the Solana network generates staking rewards.
Distribution: Staking rewards are proportionally divided among SolDollar holders based on their holdings. Staking pools will offer 3, 6, 9, and 12-month staking options. The highest return of 10% will be for 12-month staking. By staggering pool timelines, we help manage cash flow, reduce risk exposure, and maintain the $1+ peg, providing consistent passive income.
Daily Transactions: SolDollar serves as a stable alternative to fiat currencies, suitable for high-volume daily transactions.
Savings: SolDollar can be saved to earn interest and protect against inflation, with potential value growth tied to Solana (SOL).
Investment: Investors benefit from staking rewards, making SolDollar a valuable digital asset.
Phase 1: Development and Launch
Smart Contracts for staking provided by StreamFlow Finance, pending audit results.
Launch SolDollar on the Solana blockchain (expedited by the pump.fun hack).
Phase 2: Community Building
Engage with the community through social media and events.
Launch marketing campaigns to raise awareness.
Phase 3: Expansion
Partner with merchants and service providers to accept SolDollar.
Integrate directly with major wallets and exchanges.
Phase 4: Continuous Improvement
Airdrops for long-term holders who trade responsibly.
Expand staking options and reward mechanisms.
For more information, visit our website at SOLDOLLAR or join our community on Telegram.
