Documentation
Learn how GOLD works and how to start earning ORO GOLD.
Overview
GOLD is a Solana-based token burning platform that enables users to exchange their $GOLD tokens for ORO GOLD tokens. When you burn $GOLD, the tokens are permanently destroyed, and you receive ORO GOLD from the treasury reserves.
The Payout Formula
(your_burn_amount / current_gold_supply) × oro_reserves = oro_receivedYour share of ORO GOLD is proportional to the percentage of the total $GOLD supply you burn.
Getting Started
Connect Your Wallet
Click "Start mining" on the landing page and connect your Solana wallet using Privy. We support most major Solana wallets including Phantom, Solflare, and Backpack.
Acquire $GOLD Tokens
Make sure you have $GOLD tokens in your wallet. You can see your current $GOLD balance on the Earn page after connecting.
Enter Burn Amount
On the Earn page, enter the amount of $GOLD you want to burn. The minimum amount is 1 $GOLD. You'll see an estimate of the ORO GOLD you'll receive based on current rates.
Sign and Confirm
Click "Redeem $GOLD" and sign the transaction in your wallet. Once confirmed on the Solana blockchain, our system will verify the burn and send you ORO GOLD tokens.
How Burning Works
Transaction Flow
- You submit a burn request with your desired amount
- A preflight check ensures you haven't exceeded daily limits
- You sign a burn transaction that destroys your $GOLD tokens
- Our system verifies the burn on-chain
- A snapshot of supply and reserves is captured
- ORO GOLD is transferred to your wallet from the treasury
Snapshot System
When your burn is verified, we capture a snapshot of the current $GOLD supply and ORO GOLD reserves. This snapshot is used to calculate your exact payout, ensuring fairness even if other burns occur simultaneously.
Transaction States
- PENDING — Initial state
- BURN_SUBMITTED — Your burn transaction is being processed
- BURN_VERIFIED — Burn confirmed on blockchain
- ORO_SENDING — ORO GOLD transfer in progress
- COMPLETED — ORO GOLD successfully sent to your wallet
- FAILED — Transaction failed (you'll be notified)
Understanding Rates
The exchange rate between $GOLD and ORO GOLD is dynamic and depends on two factors:
$GOLD Supply
The total circulating supply of $GOLD tokens. As more tokens are burned, the supply decreases, increasing the relative value of remaining tokens.
ORO GOLD Reserves
The amount of ORO GOLD held in the treasury. This is the pool from which all ORO GOLD distributions are made.
Rates are updated every 10 seconds on the UI for display purposes. However, your actual payout is always calculated using the exact values at the moment your burn is verified on-chain.
Treasury Wallets
The ORO GOLD reserves are held across 5 treasury wallets. You can verify the holdings on-chain at any time:
Your Vault
The Wallet page shows your vault overview, including:
- Your current ORO GOLD balance
- Your $GOLD token balance
- Withdrawal functionality to transfer ORO GOLD to external wallets
Technical Details
Blockchain
GOLD operates on the Solana blockchain for fast, low-cost transactions.
Token Standard
Both $GOLD and ORO GOLD are SPL tokens (Solana Program Library standard).
Burn Mechanism
Burns are executed using the standard SPL Token burn instruction, permanently removing tokens from circulation.
Rate Limits
API endpoints are rate-limited to 10 requests per minute per IP address to ensure fair access for all users.
Security
Your keys, your coins: We never have access to your private keys. All transactions are signed in your wallet.
Separated services: Our web application and treasury operations run on separate systems. The treasury private key is only accessible to the background worker that processes verified burns.
On-chain verification: Every burn is verified directly on the Solana blockchain before any ORO GOLD is distributed.