How SOLZ works
Mined with SOL, never minted. Here is everything, in plain words.
Mining
What is $SOLZ?
A token on Solana that is mined with SOL. Its supply is capped at 21,000,000, released over 32 cycles. There was no presale and there is no team allocation: every token is paid for with SOL at a rate the program sets in public.
How does mining work?
Commit any amount of SOL. Your $SOLZ is priced right away at the current cycle's rate and held for you. After 24 hours you claim, and 90 percent of your SOL comes back together with your tokens.
What does it cost?
In cycle 1 the rate is 0.00016 SOL per $SOLZ and the true cost, after the 90 percent comes back, is 0.000016 SOL. Both double every cycle. A cycle ends only when it is mined out.
What is auto mine?
For positions of 0.008 SOL or more, choose a cycle to keep mining through. Once a position is 24 hours old, anyone may roll it for you: your tokens go to you and your 90 percent is committed again in your name. Nobody rolling it can send anything anywhere else.
Where does the 10 percent go?
4 percent deepens the Raydium pool and the LP is burned. 3 percent is paid in SOL to stakers. 2 percent buys $SOLZ and burns it while the market is under the true cost. 1 percent goes to operations.
How does staking work?
Stake $SOLZ and earn your share of the stakers' 3 percent of every mine, in SOL. You can unstake 24 hours after you last added to your stake. While nobody is staking, that share buys and burns instead.
Who presses the buy and burn and the liquidity?
A keeper runs them automatically every minute. Anyone else may press them too; they only ever do what the program allows, and each press may spend up to 7.24 percent of the pool.
Can anyone change the rules?
No. The program is deployed with its upgrade authority removed, there is no owner and no pause, and every rule is a constant.
Which wallets work?
Any Solana wallet in your browser, such as Phantom, Solflare or Backpack.
Launching a token
How does a launch work?
Pick a name, ticker, supply, cycles and size. Your seed opens a Raydium pool at half the true cost to mine and the LP is burned in the same step. Then anyone can mine your token with SOL the same way $SOLZ is mined.
What does it cost?
The launch fee is 0.08 SOL, and all of it buys and burns $SOLZ.
Where does a launched token's 10 percent go?
4 percent liquidity, 2 percent to its stakers, 2 percent to its own buy and burn, 1 percent buys and burns $SOLZ, 0.5 percent to the creator and 0.5 percent to operations.
zAVA on Avalanche
The same mining design runs on Avalanche as zAVA, mined with AVAX and capped at 21 million.