Whales Pay. Minnows Get Paid.
Hold 5M $BAIT or more and every trade you make is taxed, in tokens. Hold under 20M and every 5 minutes the pot pays you in SOL. The rules live on the token itself.
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THE HOOK TAX
WALLET SIZETAX ON EVERY BUY AND SELL
Under 5M
tokens held
0% hook tax
buys counted on the balance after, sells on the balance before
0%
0% hook tax
buys counted on the balance after, sells on the balance before
5M – 10M
tokens held
3% of the tokens on buys and sells
to the creator address, sold for the pot
3%
3% of the tokens on buys and sells
to the creator address, sold for the pot
10M – 20M
tokens held
5% of the tokens on buys and sells
to the creator address, sold for the pot
5%
5% of the tokens on buys and sells
to the creator address, sold for the pot
20M+
tokens held
8% of the tokens on buys and sells
to the creator address, sold for the pot
8%
8% of the tokens on buys and sells
to the creator address, sold for the pot
The launch, its pool, the creator addresspay nothing
Transfersfree
The tier is read from the wallet, not the trade. A buy is judged on the balance after it lands, a sell on the balance before it leaves. Sending tokens wallet to wallet costs nothing.
THE POT
Each step
Sells cut tokens for SOL
at most 0.5% of the pool's tokens per step, only near its reference price
Every 5-minute epoch
The pot pays wallets under 20M tokens
pro rata to tokens held since the epoch began, up to 8 a step
ALL ON CHAIN
Nothing to trust. Only rules.
$BAIT is built on the Bordrless token standard. The tax is a hook on the token: every transfer runs through it, on chain, before it settles. The steps that sell the cut and pay the pot are on-chain instructions anyone can send. There is no backend deciding who gets paid, and no switch to turn it off.
01
A whale trades
Any buy or sell that touches a wallet at 5M tokens or more is taxed by the token itself, in tokens, at the tier the wallet sits in.
02
The cut lands with the creator address
The taxed tokens go to one address. Nothing is held on a server and nothing is held by a person.
03
Steps turn the cut into SOL
A step sells a slice of those tokens into the pool for SOL. Never more than 0.5% of the pool's tokens, and only when the pool trades near its reference price, so a step cannot be used to dump.
04
The pot pays the minnows
Every 5 minutes the pot is split across wallets holding under 20M tokens, in proportion to what each held since the epoch began. Up to 8 wallets are paid per step until everyone is paid.
5M
where the tax starts
20M
where payouts stop
5 min
one epoch