The Printfolio Protocol
Printfolio empowers $PF holders to participate in voting for upcoming rotations and monitor the ranking of competing tokens. Furthermore, it introduces advanced and inclusive features to enhance the overall experience for our community. The first memecoin rotation is scheduled to take place in three days' time. Users have the option to vote in favor of retaining the current printed token.
The Rotating Printer
Introducing the latest feature in the Prinfolio protocol: the Rotating Printer. Here's a breakdown of how it operates:
First, this new feature is fueled with our new tax structure which is divided as below :
An 8% tax is applied to both buying and selling transactions.
Out of this, 6% is allocated to Reflexion, mirroring the allocation for Memecoin Printer.
1% is dedicated to enhancing liquidity pools, thereby supporting the token's price and ensuring ample liquidity.
The final 1% introduces the innovative "Rotating Printer" mechanism.
Here's how the Rotating Printer works: Every six hours, a randomly selected token holder is designated as the Printer. The likelihood of being chosen is proportional to the amount of tokens held—the more tokens, the higher the chances. The chosen holder receives 1% of the total transaction volume in SOLs directly into their wallet. After an hour, a new holder is randomly selected as the next Printer.
Additionally, our dApp will feature a "Last Printer Rewards" section, showcasing the SOL earnings of the previous Printer.
Initially, we planned to run the rotating farmer rewards for 48 hours before reallocating the tax to marketing and operations. However, we've decided to extend this period to the first week. After the initial week, a portion of the 1% tax will be directed towards operations and marketing, while the remainder will continue to fund the rotating farmer rewards.
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