A guide to PrintPad™ for Solana Developers

• Author: Quirky NFT
• Date: 15 February 2024
• 0
• Category: Web3

In the ever-evolving landscape of blockchain projects, funding initiatives and maintaining liquidity are paramount for sustainability and growth. With the introduction of PrintPad™ by Print Protocol, Solana developers now have a powerful tool at their disposal to streamline the process of automated tax-swaps, revolutionising project funding within the Solana ecosystem.

PrintPad™ addresses a significant challenge faced by project owners seeking to implement taxes as a means to fund future endeavours. Traditionally, manual claiming of tokens from each account followed by swaps to stablecoins like $SOL or USDC was a tedious and time-consuming task. This manual process not only consumed valuable time but also introduced inconsistencies and potential errors into the system.

To illustrate the necessity and effectiveness of PrintPad™, let's delve into a hypothetical scenario:

Imagine Crypto Cathy, the creator of the new meme coin, 'Moon Woofers Token,' aims to impose a 2% tax to fuel her project's growth and give back to the community. However, Cathy quickly encounters the challenge of managing the manual claiming and swapping of tokens for $SOL. Despite her best efforts to monitor and execute swaps regularly, the inconsistent volume and timing lead to erratic sell pressure on the chart. Cathy's struggle intensifies as she realises that even during her resting hours, the lack of automated management results in missed opportunities and further negative impacts on the project's performance.

Before diving into and utilising PrintPad™, which is PrintProtocol's first development tool, there are a few prerequisites that project owners must fulfil:

a) Token-2022 token with Transfer Fees & PrintPad™ Withdraw Tax Authority: Ensure that your token is configured with transfer fees and PrintPad™ Withdraw Tax Authority to enable automated tax-swaps.
b) Liquidity Token Address: Obtain the Liquidity Token Address associated with your project.
c)Liquidity Token Authority Address: Secure the Liquidity Token Authority Address for seamless integration with PrintPad™.

Once these prerequisites are met, project owners can seamlessly link their projects to PrintPad™ and unlock its full potential. By implementing automation and innovation, Solana developers can leverage PrintPad™ to propel their projects to new heights within the blockchain ecosystem, thus allowing owners to focus on what truly matters: building, growing, and thriving in the dynamic world of blockchain innovation.

Let's take a closer look at the perquisites mentioned above;

Utilising the PrintPad™ Token Deployer for Seamless Deployment

In order to leverage the capabilities of PrintPad™ effectively, it's essential to have a token deployed that aligns with the requirements of the platform. The PrintPad™ Token 2022 Deployer serves as the ideal tool for this purpose, offering a streamlined and user-friendly approach to token deployment within the Solana ecosystem. Below, we outline the key guidelines and specifications for deploying your token using the PrintPad™ Token 2022 Deployer:

1. Details: The initial step involves providing essential details about your project. This includes information such as the logo, name, symbol/ticker, description, total supply, and decimals. This information helps to establish the identity and characteristics of your token within the blockchain ecosystem.

2. Extensions: While deploying your token, it's crucial to adhere to certain guidelines regarding extensions. PrintPad™ recommends utilising the Transfer Tax extension for efficient tax management.

3. Transfer Taxes Transfer tax plays a pivotal role in facilitating automated tax-swaps through PrintPad™. When configuring your token, ensure that the Transfer Tax extension is enabled. In the designated 'Fee %' field, specify the percentage of tax you intend to levy on your project. This tax will be automatically collected and utilised for project funding purposes.

4. Withdraw Authority: The Withdraw Authority is the wallet authorised to withdraw collected native-token taxes. For seamless integration with PrintPad™'s auto-swap management system, use the wallet address specified in their documentation.

5. Config Authority: The Config Authority represents the wallet with the authority to adjust your tax settings post-deployment. By default, the wallet designated as the Config Authority will receive marketing funds from PrintPad™. You can revoke this authority post-deployment if necessary if you do not envisage making changes to your tax structure.

As you can see, Solana developers can seamlessly deploy tokens optimised for integration by using a simple tool via PrintPad™.
 

Optimising Token Liquidity for PrintPad™ Integration

In order to fully harness the capabilities of PrintPad™, it's essential to ensure that your token has sufficient liquidity added. Liquidity provision not only enhances the trading experience for users but also enables seamless integration with PrintPad™'s automated swap management system. Below, we outline the steps involved in adding liquidity to your token and obtaining the necessary information for PrintPad™ integration:

1. Add Liquidity: Before integrating with PrintPad™, it's imperative to add liquidity to your token. This can be achieved through the following steps:

a) Once your token has been deployed, navigate to the Fluxbeam Pool Creation Tool.
b) Input your token address as the base token and SOL (Solana's native cryptocurrency) as the quote token.
c) Specify the desired amount of token supply and SOL to pair, then proceed to create the liquidity pool.

Note: Creating the liquidity pool will make your token live and tradable. It's essential to exercise caution during this process to ensure optimal outcomes for your project.

2. Find LP Token & Authority: To seamlessly integrate with PrintPad™, you'll need to obtain your LP (Liquidity Pool) token address and LP token authority. Here's how you can locate this information:

LP Token:
There are several methods for finding your LP token, but one efficient approach involves referencing your pool creation transaction:

After creating your liquidity pool, navigate to the transaction hash on Solscan, which can be found in your wallet's transaction history.

On the "Token Balance Change" tab, locate and click on the new token you've received. Copy the token address provided; this is your LP Token.

LP Token Authority:
Once you've identified your LP Token, proceed to its Solscan page, where you can find the LP Token Authority. Simply copy the LP Token Authority from this page for use in PrintPad™ integration.

Enhanced liquidity not only fosters a vibrant trading ecosystem but also enables efficient tax-swaps and automated management through PrintPad™, thereby driving growth and sustainability for projects within the Solana ecosystem. unlock the full potential of PrintPad™ for your token with liquidity optimisation.
 

Linking Your Project with PrintPad™

Once you've ensured that all prerequisites for your project are met, it's time to link your project to PrintPad™ and unlock its full potential. Follow these steps to seamlessly integrate your project with PrintPad™'s automated swap management system:

Click 'Get Started': Begin the linking process by clicking 'Get Started' on the PrintPad™ platform. Ensure that you're connected to PrintPad™ using the current Tax Withdraw Authority wallet. You can easily view your Tax Withdraw Authority address using the PrintPad™ Home Page.

Enter Project Details: On the next page, you'll be prompted to enter essential details about your project. Start by inputting your token address. The tax percentage, decimals, and marketing wallet will automatically populate based on previous configurations. By default, the marketing wallet will be set to the address used during PrintPad™ setup.

Define Token Swap Threshold: Your token swap threshold determines the amount of tokens collected via tax required to trigger a swap. Calculate your token swap threshold based on your project's specific requirements.
For example, if your token supply is 100 million and you want to swap tokens to SOL every time 0.05% of the supply is collected in tax, your Swap Threshold would be calculated as follows: SwapThreshold = 100,000,000 * 0.0005 (0.05%) = 50,000.

Complete Form and Payment: Upon completion of the form, you'll be directed to the payment page to finalise the integration process. Once payment is completed, you'll be redirected to your project's dashboard within PrintPad™.

Manage Your Project: In your project's dashboard, you'll have access to vital information about your project's performance and earnings. You can monitor how much your project has earned through tax-swaps and manage various settings, including changing your Tax Withdraw Authority if necessary.

Solana developers can seamlessly link their projects to PrintPad™, enabling automated tax-swaps and efficient management of project funds. With PrintPad™, project owners can focus on strategic initiatives and community engagement, knowing that their token's liquidity and funding are being handled with precision and reliability. Embrace the power of PrintPad™ today and propel your project to new heights within the Solana ecosystem.

You can view the full documentation for PrintPad™ here