How EchoSol Works

1. Fee Collection

Every $ECHO transfer automatically collects a fee through Solana’s Token-2022 program. These fees are periodically harvested and distributed into three key areas:

  • 50% for Buyback Operations Sent to: BpCXThVWwxFRr8UCZEAp9KVKEQjFmL42JPaAxbFStY8P Funds are used to strategically purchase $ECHO from the market, reducing circulating supply and supporting price stability.

  • 25% for Token Burns Sent to: 3WsAQytMAPKmXnQq5bkwk128Nbg3zXpsdLY6T2XkrHpy This portion permanently removes $ECHO from circulation, creating deflationary pressure and increasing scarcity over time.

  • 25% for Holder Redistribution Sent to: 4WH31nh7HeKuhDxbfKYcCen5MmpN4RVzy2uymUErSPHL Distributed automatically to $ECHO holders, rewarding long-term participation and incentivizing holding.

2. Market Operations

The buyback portion of the fees is automatically converted into SOL through Jupiter, Solana’s leading decentralized exchange aggregator. The resulting SOL is then split evenly between:

  • Buyback Operations: Used to execute strategic buybacks, further reducing circulating supply and supporting token value.

3. Token Burning

The burning mechanism is a core feature of $ECHO, designed to:

  • Permanently remove tokens from circulation, ensuring a deflationary model.

  • Create natural scarcity, which helps maintain and grow token value over time.

  • Enhance long-term sustainability by reducing total supply with every transaction.

4. Holder Rewards

The redistribution system is built to:

  • Automatically distribute $ECHO to all qualified holders, ensuring fair and transparent rewards.

  • Incentivize long-term holding by rewarding those who stay committed to the ecosystem.

  • Encourage participation by creating a passive income stream for holders.

Last updated