BTC500BTC500
BTC500

BTC500 Whitepaper

Automated Bitcoin Rewards Distribution Protocol

Abstract

BTC500 is a fully automated, on-chain protocol that converts Pump.fun trading fees into Bitcoin rewards for token holders. By leveraging Solana's speed and Jupiter's liquidity aggregation, the system swaps accumulated SOL fees to wBTC (Wormhole Bitcoin) and distributes them proportionally to all eligible holders every 15 minutes.

The Problem

Most memecoins offer holders no utility beyond speculation. Trading fees typically benefit only the project creators, leaving holders with tokens that have no intrinsic value generation mechanism.

Additionally, many "reward" projects require manual claiming, complex staking, or rely on centralized systems that can be manipulated or abandoned.

The Solution

BTC500 solves these problems with a simple, transparent mechanism:

  1. 1.Trading fees from Pump.fun accumulate in the project's dev wallet as SOL
  2. 2.An automated bot swaps this SOL to wBTC via Jupiter (best price aggregator)
  3. 3.The wBTC is distributed proportionally to all token holders
  4. 4.No claiming required - rewards are sent directly to holder wallets

Technical Architecture

Distribution Bot

  • • Runs on a 15-minute cron schedule
  • • Checks dev wallet balance against configurable threshold
  • • Executes SOL → wBTC swap via Jupiter V6 API
  • • Fetches all token holders via Helius DAS API
  • • Calculates proportional distribution based on holdings
  • • Executes batched SPL token transfers with retry logic

Dashboard

  • • Real-time stats from cloud database
  • • Transaction feed showing all swaps and distributions
  • • Wallet lookup to check personal reward history
  • • Bot status indicator showing live activity

Data Flow

Pump.fun Trades → Dev Wallet (SOL) → Jupiter Swap → wBTC → Distribution → Holder Wallets

Distribution Formula

Rewards are distributed proportionally based on token holdings:

holder_reward = (holder_balance / total_supply) × total_wBTC

Note: Minimum balance thresholds may apply to filter dust accounts and reduce transaction costs.

Security Considerations

  • ✓No Smart Contract Risk: Pure SPL token transfers, no custom contracts
  • ✓On-Chain Verification: All transactions public on Solana blockchain
  • ✓Automated Execution: No manual intervention required
  • ✓Jupiter Protection: Dynamic slippage and minimum output enforcement
  • ✓Safety Floor: Bot maintains minimum SOL for operations

Value Proposition

The more trading activity, the more SOL fees generated, and the more BTC distributed to holders. This creates a positive feedback loop:

  • • High volume → More fees → More BTC rewards
  • • More rewards → More attractive to hold
  • • More holders → More trading → Repeat

Links

Twitter/X ↗Dashboard