Introduction
What is ASSET?
ASSET-BACKING PROTOCOL is a Solana protocol with two connected components: the tradable token $ASSET, and an on-chain SOL reserve — the Asset Backing Pool — that receives 100% of the creator-fee revenue designated to the protocol.
Core thesis
Most tokens have a price and nothing else. This protocol adds a second, independently measurable number: the SOL held in a public reserve, divided by circulating supply. That number is not an opinion, a projection or a marketing claim — it is a division of two on-chain quantities anyone can query.
Market price is one number. Backing value is another. The protocol makes the second one impossible to fake and gives eligible holders a mechanism to act on it by redeeming their proportional share of the reserve — without burning a single token.
Why ASSET
- Fee revenue has a single, disclosed destination rather than a discretionary treasury.
- Backing is derived from live chain state, not from a dashboard the team controls.
- Redemption is proportional, keeps your tokens, and is capped at 10% of your available claim per day.
- Supply is fixed by design, with mint authority expected to be revoked at deployment.
Key concepts
- Asset Backing Pool (B) — the on-chain SOL reserve backing circulating supply.
- Circulating supply (S) — the tokens in circulation; supply is fixed and never burned.
- Backing per token (P = B / S) — the protocol's canonical backing metric.
- Redemption — claiming your proportional share of eligible reserves while keeping your $ASSET.
- Eligibility — only SOL verified as protocol-designated fee revenue counts as backing.