RUCCO Utility Fees
RUCCO utilizes Solana's Token-2022 Transfer Fee technology to apply a 6.9% utility fee on transactions, allocated as follows:
- 5% is directed to RUCCO node holders through a phased approach:
Phase 1 (Months 1-6): Directed to all RUCCO node holders to support initial ecosystem adoption and RUCCO familiarization
Phase 2 (Month 7+): Directed only to RUCCO node holders who actively participate in monthly meme governance voting, supporting active RUCCO participation
- 1% is allocated toward liquidity provision on Solana and RUCCO operational functionality - 0.9% is directed to a designated RUCCO "ambassador" node, selected for their capability to enhance ecosystem visibility. This role can be reassigned through DAO voting when beneficial for ecosystem development.
The most innovative aspect of this implementation is the integration of Solana's latest Transfer Fee features with decentralized autonomous organization (DAO) governance, designed to support the RUCCO ecosystem effectively. Specifically, this system:
Operates autonomously through transparent and immutable allocation of RUCCO utility fees across all transactions, managed entirely at the token program level.
Encourages community participation by allocating utility fees to support node infrastructure.
Supports continuous evolution through DAO governance, enabling the community to select representatives who enhance visibility and adoption.
Ensures consistent and transparent operations by uniformly applying utility fees to all transactions, including swaps and liquidity operations, across various platforms.
By integrating automated utility fee allocation, community-driven governance, and Solana's advanced technical capabilities, this approach strategically supports RUCCO's ecosystem development through:
Community Engagement: Allocating resources to maintain and support community-driven infrastructure and activities, fostering ongoing participation.
Liquidity Management: Supporting liquidity provision from collected fees.
Enhanced Visibility: Enabling community-selected representatives to promote ecosystem adoption and growth.
Continuous Improvement: Establishing a framework for ongoing community involvement and sustainable ecosystem management.
Sources: https://solana.com/solutions/token-extensions https://solana.com/developers/guides/token-extensions/transfer-fee
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