HOW IT WORKS
Complete guide to $IST mechanics and reward distribution system
Hold $IST Tokens
Purchase and hold $IST tokens in your Solana wallet. Any amount qualifies you for proportional rewards based on your holdings.
Protocol Collects Fees
Every buy and sell transaction has a 10% tax. 50% of this tax (5% of total transaction) goes into the rewards pool for holders.
Automatic Distribution
Every 5 minutes, the smart contract automatically distributes accumulated rewards to all holders proportionally. No claiming required.
Technical Implementation
Smart Contract Architecture
Built on Solana using SPL Token standard with custom reward distribution logic. The contract automatically tracks all holders and their balances.
- SPL Token implementation
- Automated reward calculation
- Gas-efficient distribution
- Transparent fee collection
Distribution Mechanism
The distribution system runs on a 5-minute timer, calculating rewards based on current holder balances and accumulated fees.
- Proportional distribution algorithm
- Real-time balance tracking
- Automated execution every 5 minutes
- Minimal transaction costs
Security Features
Multiple security measures ensure safe and reliable operation of the reward distribution system.
- Audited smart contract code
- Immutable distribution logic
- Transparent fee allocation
- No admin backdoors
Technical FAQ
What blockchain is $IST built on?
$IST is built on Solana blockchain using the SPL Token standard, ensuring fast transactions and low fees.
How are rewards calculated exactly?
Your reward = (Your $IST Balance ÷ Total $IST Supply) × Accumulated Rewards Pool. This ensures proportional distribution.
What happens if I transfer my tokens?
Rewards are calculated based on your balance at the time of each 5-minute distribution. If you transfer tokens, your future rewards will adjust accordingly.
Are there any fees for receiving rewards?
No additional fees. The smart contract pays the small SOL transaction fee for distributing rewards to your wallet.
Can the contract be changed or upgraded?
The core reward distribution logic is immutable. No admin keys exist that could change the fundamental mechanics.
What if there are no transactions for a period?
If there are no transactions, no fees are collected, so no rewards are distributed for that period. The system automatically resumes when trading activity returns.
Ready to Start?
Join the $IST ecosystem and start earning automatic rewards every 5 minutes.