Solana Token BTCX Rewards Holders with Leveraged Bitcoin Exposure

BTCX is a new Solana token that rewards holders for trading activity. Every trade sends 3% of the transaction into a reward pool, which is then distributed to eligible holders in xBTC, a leveraged Bitcoin-linked asset built by Hylo.

The idea behind BTCX is simple: traders can earn a return on their holdings through trading fees. For every $100 transaction, $97 goes through the trade while $3 is added to the reward pool. The pool is then converted into xBTC and distributed among wallets holding at least $20 worth of BTCX.

The payout is proportional to each wallet's share of the eligible BTCX supply, with larger holdings receiving a larger share of the pool. There is no staking process or manual claim; xBTC rewards are sent directly to eligible wallets.