SPXCAT’s transfer tax funds rewards paid in SPX. StonkFun’s platform-fee flywheel buys back and burns tokens while they qualify for its live rankings.
01 / SPXCAT HOLDER REWARDS
HOLD THE CAT. RECEIVE SPX.
CollectedTransfer tax
Paid inSPX
Sent toEligible holders
SPXCAT transfers on any venue fund the reward pool. StonkFun accumulates the tax until distribution is worthwhile, then pays SPX in proportion to eligible holdings.
A share of v3 pool trading fees funds market purchases of tokens in StonkFun’s eligible rankings. Those tokens are permanently burned, with buyback allocations weighted by market cap.
Buybacks depend on the rankings.
Tokens that leave the rankings pause; StonkFun says they resume when they re-enter. SPXCAT’s current participation is shown below.