Solana utility token 3MET is a Solana token that distributes trading fee rewards to holders. 3MET is a Solana utility token that collects fees from its Meteora DAMM v2 liquidity pool. Every trade incurs a 3 percent fee in SOL that accrues in the pool position. When the accumulated fees reach a set threshold the keeper converts them into a basket of MET, META and MPLX tokens for distribution. Reward distribution mechanic Holders receive pro-rata shares of MET, META and MPLX from collected fees. The token pays eligible holders above a minimum value threshold in equal parts of the three reward tokens. A keeper monitors fees every three minutes and executes the buy-and-distribute process only when the meter fills. Rewards come solely from actual trading volume with no timers or pre-set schedules. Launch and community 3MET launched on Meteora with a focus on fee capture and holder rewards. The project positions itself around capturing real trading fees on Solana liquidity infrastructure. It maintains an active presence through its official site and X account. Distribution occurs in batches to direct wallet holders meeting the eligibility criteria.

AI-written summary, not the project's own copy