Documentation
Learn how Sol Bounty works and how to participate
Introduction to Sol Bounty
What is Sol Bounty and how does it work?
Sol Bounty ($BOUNTY) is a token on the Solana blockchain that implements a unique reward mechanism designed to incentivize on-chain activity and community engagement.
Unlike traditional reward tokens that simply distribute fees to holders, Sol Bounty takes it a step further by creating an interactive game-like experience where users are rewarded for being attentive and active participants in the ecosystem.
The Bounty Mechanism
How the reward system works
Random Selection Every 20 Minutes
Every 20 minutes, the Sol Bounty smart contract randomly selects one token holder to become the "Bounty Wallet" for that period. The selection is weighted by the amount of tokens held, giving larger holders a proportionally higher chance of being selected.
The 5-Minute Bounty Window
Once selected, the Bounty Wallet address is publicly announced through the contract. This initiates a 5-minute window during which any user can interact with this wallet.
Interaction Mechanism
To participate, users must send a small transaction to the Bounty Wallet within the 5-minute window. This can be a small amount of SOL (e.g., 0.01 SOL), USDC, or any other token. The transaction amount doesn't affect the reward - it's simply a way to register participation.
Reward Distribution
After the 5-minute window closes, the accumulated reward pool (collected from transaction fees) is distributed equally among all participants who interacted with the Bounty Wallet during that period. For example, if 28 wallets interacted with the Bounty Wallet, each would receive 1/28th of the reward pool.
How to Participate
Step-by-step guide to joining the Sol Bounty ecosystem
- Buy and Hold $BOUNTY Tokens
Purchase $BOUNTY tokens through our website or on supported DEXs. The more tokens you hold, the higher your chance of being selected as the Bounty Wallet.
- Stay Alert
Follow our Twitter (@SOLBountyapp) and join our community channels to receive notifications when new Bounty Wallets are selected.
- Act Quickly
When a Bounty Wallet is announced, you have only 5 minutes to send a transaction to that wallet. Make sure your wallet is funded with a small amount of SOL to participate.
- Collect Rewards
If you successfully participated during the bounty window, you'll automatically receive your share of the reward pool directly to your wallet after the window closes.
Frequently Asked Questions
What happens if no one interacts with the Bounty Wallet?
If no one interacts with the Bounty Wallet during the 5-minute window, the reward pool rolls over to the next round, increasing the potential reward.
Can I interact multiple times to get more rewards?
No, only one interaction per wallet is counted. Multiple transactions from the same wallet will only count as one participation.
What if I'm selected as the Bounty Wallet?
If your wallet is selected, you cannot participate in your own bounty round, but you'll receive a special bonus from the reward pool as compensation.
How are the rewards calculated?
The reward pool consists of 3% of all buy/sell transaction fees. This pool is divided equally among all participants in each bounty round.
Is there a minimum amount of $BOUNTY I need to hold?
There is no minimum requirement to participate in bounty rounds, but your chance of being selected as a Bounty Wallet is proportional to your holdings.