SOLPaid description

SOLPaid is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in SOL instead of tokens.

The token contract employs a static rewards system—20% of every transaction is split in four:

• 10% of each transaction will be converted to SOL and sent automatically to the wallets of the holder of SOLPaid.
• 4% of all transactions are used to fund the buyback power & Bun of SOLPaid.
• 4% to the liquidity pool, however, if the LP is at 25% of MC ⇒ excess goes to buyback.
• 2% will be sent to a marketing wallet as favour for development and marketing purposes.

SOLPaid redistribution

We are using a unique system that auto-claims for every single holder the amount due. It is called the SOLPaid PROTOCOL.

The way it works for holders: You buy tokens and hold them, every 60 minutes you'll automatically receive SOL in your wallet. Not a single action is required.

Behind the scenes:

• The contract keeps track in an array of all token holders
• The contract keeps an index into the array for processing
• Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)
• The token is based on a Dividend-Paying Token Standard, which means all SOL the contract gains will be split equally proportionally to the token holders.
• When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for SOL, or automatically buy back tokens for them.