Shards docs

Theme

The money

Where the tax goes

20% to the platform. The creator divides the other 80%, four ways.

The platform's 20% is the same for every token on Shards and is not something a creator sets or can negotiate. The creator decides how the other 80% is divided, and the four shares must add up to exactly 100% of what is left. Each token's split is its creator's choice.

On every token launched since pairs arrived, NEAR coins included, the platform's 20% is cut in half: 10% of every tax buys SHARDS and burns it, and the other 10% goes to the treasury. The creator's 80% is the same either way. Tokens launched before pairs arrived send the whole 20% to the treasury.

The tax on one trade: the platform’s fixed share, half to the treasury and half burning SHARDS, then the creator’s four sharesThe tax on one tradePlatform20%10% to the treasury10% burns SHARDSThe creator divides the rest80%Four shares, chosen once, at launchAn example of those four shares, not a defaultCreator32% of the tax Holder dividends24% of the tax Buyback and burn16% of the tax Liquidity8% of the tax A share can be zero. All of it can go to one place. The tax on one trade: the platform’s fixed share, half to the treasury and half burning SHARDS, then the creator’s four sharesThe tax on one tradePlatform20%10% to the treasury, 10% burns SHARDS The creator divides the rest80%An example, not a defaultCreator32% of the tax Dividends24% of the tax Buyback16% of the tax Liquidity8% of the tax A share can be zero.
The platform takes 20% of every tax, on every token, and nobody sets it: 10% of the tax goes to the treasury and 10% buys SHARDS and burns it. The creator divides the other 80% four ways, once, at launch. The four shares below are one example of that choice, not a default.
ShareGoes to
Creatorthe creator's fee wallet
Holder dividendseveryone holding the token, in proportion to their balance
Buyback and burnthe token is bought back and burned: on a token made since v2.5, by each trade at once, from the first trade; on an older token, from the day its pool opens
Liquidityadded to the token's pool, from the day it opens

On a Rhea-pool token after graduation, the tax is taken in the token itself. Its buyback share is burned at once. The rest is sold into the pool in small pieces, and what that brings in is divided exactly as above, so creator fees and dividends arrive as those sales happen.

In real money ​

An example: a 100 NEAR buy on a token whose creator chose a 3% buy tax and split the rest 40 / 30 / 20 / 10. Neither number is a default; they are one creator's choice.

NEAR
Tax on the trade3.00
Treasury, 10% of the tax0.30
SHARDS burn, 10% of the tax0.30
Left to divide2.40
Creator, 40%0.96
Holder dividends, 30%0.72
Buyback and burn, 20%0.48
Liquidity, 10%0.24

The 40% the creator wrote down is 40% of 2.40, not of 3.00. Every percentage a creator picks is a percentage of what is left after the platform's share.

The same split applies to the 1% pool fee once a token has graduated, on a Shards pool and on a Rhea pool alike.

The contract works in whole integer units and rounds each share down, so at most three of the smallest units there are (for NEAR, a trillionth of a trillionth each) are left over on a trade. They stay in the contract.

What you are owed out of all this is held as a credit until you ask for it — getting paid.

Experimental software. Shards is non-custodial software provided as it is, with no warranties, by its contributors. By using it you accept the risk of using it.

Not investment advice. Tokens are created by anyone, are not vetted by us, and can go to zero. We never hold your assets.