Definition
Token-2022 is the newer Solana token program. Its transfer fee extension makes every transfer leave a small share behind. Such a token is often called a tax token.
How it is set
- A fee in basis points. 100 basis points is 1%.
- A maximum fee per transfer.
- An authority that can change the fee and another that can withdraw it.
Where the fee goes
It stays in the receiving token account until it is harvested and withdrawn. See how to collect Token-2022 transfer fees and how to create a tax token.