RUGiT Scaley. Technical White Paper.

Rugit Token Technical White Paper

Version: 2.0

Network: Solana Mainnet

Token Standard: SPL Token

Last Updated: December 2025

DISCLAIMER

This white paper reflects the current planned structure of the RUGIT ecosystem and may change before launch or later through community governance. Nothing here should be taken as a guarantee or final commitment. All participation involves risk and should be evaluated independently.

Abstract

Rugit Token ($RUGIT) is a community-governed SPL token on Solana implementing safeguards against common attack vectors including rug pulls, liquidity drains, and governance exploits. This paper details the technical architecture, economic mechanisms, and security protocols designed to support long-term sustainability and stronger protection for everyday investors.

1. Technical Architecture

1.1 Smart Contract Specifications

• Token Standard: SPL Token (Solana Program Library)
• Program ID: To be deployed – immutable after audit
• Decimals: 9
• Total Supply: 10,000,000,000 RUGIT (fixed, non-mintable)

Core Features:

• Mint authority permanently revoked post-deployment
• Freeze authority permanently revoked post-deployment
• Immutable token metadata
• No upgrade authority (program is immutable)

1.2 Contract Architecture

┌─────────────────────────────────────┐
│        RUGIT SPL Token Program      │
│   (Immutable, No Mint/Freeze Auth)  │
└─────────────────────────────────────┘
                  │
     ┌────────────┼─────────────┐
     │            │             │
┌────▼─────┐ ┌────▼──────┐ ┌────▼─────┐
│ Liquidity│ │ Governance│ │ Treasury │
└──────────┘ └───────────┘ └──────────┘
      

1.3 Liquidity Lock Mechanism

Implementation:

• Initial liquidity provided on Raydium/Orca.
• LP tokens sent to a provably unspendable address: 1nc1nerator11111111111111111111111111111111
• Time-lock smart contract (using Clockwork or a custom Solana program).
• Multi-signature requirement: 5-of-7 for any treasury operations.

Verification:

• All LP token burns viewable on Solscan / Solana Explorer.
• Public API endpoint for real-time liquidity verification.
• Quarterly attestation by an independent third-party auditor.

2. Tokenomics

2.1 Distribution Model

2.2 Vesting Contract Specifications

Smart Contract Features:

• Linear vesting with configurable cliff periods.
• Immutable vesting schedules (cannot be modified post-deployment).
• Public query endpoints for vesting status.
• Automatic distribution upon vesting completion.

Vesting Formula:

Vested_Amount = Total_Allocation × (Current_Time - Cliff_End) / Vesting_Duration
Claimable     = Vested_Amount - Already_Claimed
      

2.3 Anti-Dump Mechanics

Progressive Unlock:

• Team/Advisor tokens unlock ~2.08% monthly after cliff.
• Max 5% of circulating supply sellable per wallet per 24h period (enforced via contract).
• Large transfers (>1% of total supply) trigger a 24-hour time-lock.

Deflationary Mechanisms:

• 0.5% transaction burn (optional, DAO-votable).
• Staking rewards funded by ecosystem allocation (not inflationary).
• Buyback-and-burn program using protocol revenue.

3. Security Architecture

3.1 Multi-Layer Security

Level 1: Smart Contract Security

• Pre-deployment audit by CertiK and Halborn (reports published).
• Formal verification of critical functions.
• Bug bounty program: $50,000–$500,000 rewards.
• Continuous monitoring via Forta / Tenderly.

Level 2: Operational Security

• Multi-signature wallets (5-of-7 threshold) for all protocol funds.
• Hardware wallet requirements for signers.
• Geographic distribution of key holders.
• Time-locked transactions for amounts >$100,000.

Level 3: Governance Security

• Quadratic voting to prevent whale dominance.
• Proposal time-locks: 48-hour voting + 24-hour execution delay.
• Emergency pause mechanism (requires 6-of-7 multi-sig).
• Sybil resistance via token-holding duration weighting.

3.2 Audit Reports

Pre-Launch Audits:

1. CertiK Audit (Q4 2024)
   Scope: SPL token, vesting contracts, governance module.
   Findings: To be published.
   Status: All critical/high issues resolved.
2. Halborn Security Assessment (Q4 2024)
   Scope: Infrastructure, key management, operational security.
   Status: To be published.

Ongoing Security:

• Quarterly security reviews.
• Real-time on-chain monitoring.
• Community-reported vulnerability program.

3.3 Attack Vector Mitigation

4. Governance Framework

4.1 DAO Structure

Governance Token: RUGIT (1 token = 1 base vote, adjusted by quadratic formula).

Voting Power Calculation:

Voting_Power = sqrt(Token_Balance) × Holding_Duration_Multiplier

Holding_Duration_Multiplier = 1 + (Days_Held / 365) × 0.5
Maximum Multiplier = 2.0x (capped at 365 days)
      

Proposal Process:

1. Submission: Requires 100,000 RUGIT staked (0.001% of supply).
2. Discussion Period: 7 days.
3. Voting Period: 48 hours.
4. Quorum: 10% of circulating supply must participate.
5. Approval Threshold: 66% approval required.
6. Time-lock: 24-hour delay before execution.

4.2 Governance Scope

On-Chain Votable Parameters:

• Transaction fee adjustments (0–2% range).
• Treasury fund allocation.
• Ecosystem grant approvals.
• Protocol upgrades (limited to non-core functions).
• Staking reward rates.

Immutable Parameters (Cannot be Changed):

• Total token supply.
• Vesting schedules.
• Core security mechanisms.
• Multi-sig threshold requirements.

4.3 Emergency Protocols

Circuit Breaker Mechanism:

• Triggered by: Smart contract exploit or critical vulnerability.
• Requires: 6-of-7 multi-sig approval.
• Effect: Pause token transfers for a maximum of 72 hours.
• Recovery: Requires DAO vote to unpause.

5. Economic Model

5.1 Value Accrual Mechanisms

Revenue Sources:

• DEX trading fees (if protocol-owned liquidity is used).
• Future ecosystem products and services.
• Strategic partnerships and integrations.

Value Distribution:

• 50% → Buyback and burn.
• 30% → Staking rewards.
• 20% → Treasury for development.

5.2 Staking Program

Staking Mechanics:

• Minimum stake: 1,000 RUGIT.
• Lock periods: 30 / 90 / 180 / 365 days.
• Rewards: Proportional to lock duration and amount.
• APY range: 5–25% (DAO-adjustable, funded by ecosystem allocation).

Staking Formula:

Reward_Rate = Base_APY × Lock_Multiplier × (User_Stake / Total_Staked)

Lock_Multipliers:
- 30 days:  1.0x
- 90 days:  1.5x
- 180 days: 2.0x
- 365 days: 2.5x
      

5.3 Liquidity Bootstrap

Phase 1: Initial Offering (Week 1)

• Fair launch on Raydium.
• Initial price: $0.00001.
• Hard cap: $500,000.
• Max per wallet: $5,000.

Phase 2: Liquidity Lock (Week 1)

• 100% of LP tokens burned immediately.
• Verification transaction published.
• Third-party attestation.

Phase 3: Ecosystem Activation (Month 1–3)

• Staking pools activated.
• Governance proposal system live.
• Community incentive programs launched.

6. Technical Roadmap

Q1 2025: Foundation

• ✅ Smart contract development
• ✅ Security audit completion
• ✅ Multi-sig infrastructure setup
• 🔄 Token launch on Solana mainnet
• 🔄 DEX liquidity provision + LP burn
• 🔄 Staking contract deployment

Q2 2025: Governance Activation

• On-chain governance system launch.
• First community proposals.
• Treasury management dashboard.
• Quarterly security review #1.

Q3 2025: Ecosystem Expansion

• Cross-DEX liquidity aggregation.
• Mobile wallet integration.
• Strategic partnership announcements.
• NFT collection launch (governance-gated).

Q4 2025: Advanced Features

• Cross-chain bridge (Solana ↔ Ethereum via Wormhole).
• Advanced DeFi integrations (lending, derivatives).
• DAO treasury diversification.
• Annual security audit.

2026+ : Sustainability Phase

• Protocol-owned liquidity expansion.
• Real-world utility partnerships.
• Layer-2 scaling solutions (if needed).
• Continuous community-driven development.

7. Technical Transparency

7.1 Public Verification

On-Chain Data (to be linked post-launch):

• Token contract
• Vesting contracts
• LP burn transaction
• Multi-sig wallet
• Treasury

Code Repositories:

• GitHub: github.com/rugit-token
• Audit reports: docs.rugit.io/audits
• API documentation: api.rugit.io/docs

Real-Time Dashboards:

• Token metrics: dune.com/rugit/dashboard
• Governance activity: snapshot.org/#/rugit.eth
• Treasury holdings: rugit.io/transparency

7.2 Compliance & Legal

Regulatory Approach:

• Utility token classification (not a security).
• No investment promises or guaranteed returns.
• Geographic restrictions applied where required by law.
• KYC/AML not required for token holders (decentralized protocol).

Disclaimers:

• No central entity controls the protocol post-launch.
• Smart contracts are immutable and not upgradeable.
• Community assumes full governance responsibility.
• All cryptocurrency investments carry risk.

8. Team & Advisors

8.1 Core Development Team

Anonymity by Design: For security reasons, the core team remains pseudonymous until DAO governance is fully established. All team wallets are publicly verifiable with vesting contracts.

Team Composition:

• 3 Solana Protocol Engineers
• 2 Smart Contract Security Specialists
• 2 Full-Stack Developers
• 1 Community Manager
• 1 Marketing Lead

Advisory Board:

• DeFi Security Expert (15+ years in cybersecurity).
• Solana Ecosystem Veteran (early Solana contributor).
• Tokenomics Economist (PhD, mechanism design).

8.2 Compensation Structure

• Team tokens: 48-month vesting with 12-month cliff.
• Max 2% of vested tokens sellable per month.
• Salaries paid from Community Treasury (DAO-approved budget).
• Performance bonuses tied to protocol milestones.

9. Risk Disclosure

9.1 Technical Risks

• Smart Contract Risk: Despite audits, vulnerabilities may exist.
• Network Risk: Solana network congestion or downtime.
• Oracle Risk: Price feed manipulation (if used in future).
• Upgrade Risk: Even immutable designs can have unforeseen behaviours.

9.2 Market Risks

• Volatility: Token price subject to high volatility.
• Liquidity Risk: Market conditions may impact ability to trade.
• Regulatory Risk: Changing regulations may affect operations.
• Competition: New projects may offer superior features.

9.3 Mitigation Strategies

• Continuous security monitoring and bug bounty program.
• Diversified DEX liquidity across multiple protocols.
• Legal counsel monitoring regulatory developments.
• Agile development responding to market needs.

10. Conclusion

Rugit Token aims to set a higher standard for community-owned cryptocurrency projects by combining technical rigor with transparent, verifiable governance. Through immutable smart contracts, multi-layered security, and provable fund locks, RUGIT reduces the trust assumptions that typically expose holders to rug pulls and insider abuse.

Key Differentiators:

• Fully audited by top-tier firms.
• LP tokens provably burned (not simply locked).
• Immutable contracts (no hidden backdoors).
• Multi-sig security with distributed key holders.
• Quadratic governance to reduce whale dominance.
• Linear vesting (no cliff-style mass dumps).
• Open-source codebase and transparent reporting.

11. Contact & Resources

Official Channels:

• Website: rugit.io
• Documentation: docs.rugit.io
• GitHub: github.com/rugit-token
• Telegram: t.me/rugittoken
• Twitter: @RugitToken
• Discord: discord.gg/rugit

Developer Resources:

• API Docs: api.rugit.io
• SDK: npm install @rugit/sdk
• Contract ABIs: github.com/rugit-token/contracts

Security:

• Bug Bounty: immunefi.com/rugit
• Audit Reports: docs.rugit.io/security
• Emergency Contact: security@rugit.io

Disclaimer:

This white paper is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risk, including total loss of capital. Always conduct your own research and consult with professional advisors before participating. The Rugit protocol is decentralized and no central entity guarantees any outcome.