# THE WHITE PAPER

## Introduction

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](https://blockworks.co/news/pump-fun-flash-loan-attack)), $SOLD is the last remaining active project from the attack. <br>

> CONTRACT: DQ2qtAGNjJowNziVh2U49jECznJth18eZtWTRbVinp6t

## Mission

$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.&#x20;

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.

<figure><img src="https://1873088679-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfqItjfW7StHqthADweOw%2Fuploads%2Fdk2KiDovM9f6Z2oel4kg%2Ftokenomics_black.png?alt=media&#x26;token=5ca4bd89-2705-4809-a5b3-a75af6506b48" alt=""><figcaption></figcaption></figure>

The community currently has 66.7M $SOLD locked on [Juptier](https://lock.jup.ag/token/DQ2qtAGNjJowNziVh2U49jECznJth18eZtWTRbVinp6t?fbclid=IwY2xjawGnkYxleHRuA2FlbQIxMAABHUy6iO4vioIB-XSeLOMUboTg7jTvCXQFjCCAjxRu1Y9L6JbAwV50gZlMzA_aem_yE6UK7yGr_F3xYGLhl7dbQ) 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 ](https://lock.jup.ag/token/DQ2qtAGNjJowNziVh2U49jECznJth18eZtWTRbVinp6t?fbclid=IwY2xjawGnkYxleHRuA2FlbQIxMAABHUy6iO4vioIB-XSeLOMUboTg7jTvCXQFjCCAjxRu1Y9L6JbAwV50gZlMzA_aem_yE6UK7yGr_F3xYGLhl7dbQ)for staking and will only be released upon hitting the target of $1.&#x20;

### Interest Rewards

1. **Staking Pool**: A piece of collateralized SOL in the Solana network generates staking rewards.
2. **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.

### Use Cases

1. **Daily Transactions**: SolDollar serves as a stable alternative to fiat currencies, suitable for high-volume daily transactions.
2. **Savings**: SolDollar can be saved to earn interest and protect against inflation, with potential value growth tied to Solana (SOL).
3. **Investment**: Investors benefit from staking rewards, making SolDollar a valuable digital asset.

### Roadmap

**Phase 1: Development and Launch**

* Smart Contracts for staking provided by [StreamFlow Finance](https://app.streamflow.finance/staking/solana/mainnet/Fum5W6z4ufDDAbPFbiMNeo4BR92GcwA3w9ABYsPVfo7U), 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.

### Contact

For more information, visit our website at [SOLDOLLAR](https://www.soldollar.com/) or join our community on [Telegram](https://t.me/TheSolDollar).\
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<figure><img src="https://1873088679-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfqItjfW7StHqthADweOw%2Fuploads%2FCD9nOLmBodgAB2VIvMMH%2Fsold_footer.png?alt=media&#x26;token=8d961f19-9b2c-468d-a2c3-1e13198ad84e" alt=""><figcaption></figcaption></figure>

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