Intro
Learn about the V2 protocol.
LOG is a digital commodity on the Solana blockchain. Built on fair launch principles, it combines competitive chopping mechanics with a buyback-funded distribution model — no presale, no team allocation, no VC.
Overview
LOG has a hard cap of 3 million tokens. In V2, LOG enters circulation through on-chain buybacks funded by protocol revenue. The Sawmill uses 7% of each round's deployed SOL to buy LOG from the open market. In Summer, a fixed amount of fresh LOG (3/6/9) is minted based on deployment tier. In Winter, 50% of buyback LOG goes directly to miners with lucky round bonuses capped at 9 LOG.
The entire protocol runs through verifiable smart contracts on Solana. Each round, choppers deploy SOL to compete for LOG rewards. Winners receive an 80% SOL rebate in Summer (88% in Winter) plus LOG distributed from fixed emission (Summer) or buyback revenue (Winter). Solo choppers compete for an additional 2% Alpha pool. The Lumberlode jackpot pays out both SOL and LOG unpredictably, with a loyalty dividend that rewards all active miners.
Concept
Bitcoin made mining a probability game — expend electricity, compete for blocks. LOG takes the same idea and adapts it: spend SOL to chop, compete for rewards. Deploy more SOL to a block, and your probability of winning increases proportionally.
Each round, choppers deploy SOL on blocks in a 5x5 grid. A random block is revealed as the winner. 80% of SOL in Summer (88% in Winter) redistributes to winners. In Summer, miners earn from fixed LOG emission (3/6/9 per round based on participation). In Winter, miners earn from buyback LOG (50% share) plus capped lucky round bonuses.
Key Features
- Chopping: Deploy SOL across 25 grid blocks. Winners earn the SOL pot plus buyback-funded LOG rewards.
- Lumberlode: Dual jackpot (LOG + SOL) with a loyalty dividend that rewards all active miners.
- Lumberjack: Competitive role earning 5% of buyback LOG per round, acquired via dutch auction.
- Watchdog: Counter-role earning SOL when the Lumberjack gets replaced.
- Predictions: Predict when Lumberlode hits — parimutuel betting on protocol events.
- Staking: Stake your Seasoned LOG to earn 10% of all buyback-acquired LOG.
- Seasoning: The longer you hold chopped LOG, the more redistribution you receive from others' claim fees.
- Referrals: Earn 1% of your referrals' claimed rewards.
- Seasons: Summer/Winter cycle shifts the entire economy — Summer mints fresh LOG, Winter burns it. Two decoupled lumberlodes keep every round exciting.
- Lucky Rounds: Random multiplier (1.5x to 5x) that mints bonus LOG — the only source of new token supply.
- Alpha vs Pool Mode: Solo deployers compete for a 2% Alpha bonus pool based on excess-over-index strategy.
Intro
Learn about the V2 protocol.
LOG is a digital commodity on the Solana blockchain. Built on fair launch principles, it combines competitive chopping mechanics with a buyback-funded distribution model — no presale, no team allocation, no VC.
Overview
LOG has a hard cap of 3 million tokens. In V2, LOG enters circulation through on-chain buybacks funded by protocol revenue. The Sawmill uses 7% of each round's deployed SOL to buy LOG from the open market. In Summer, a fixed amount of fresh LOG (3/6/9) is minted based on deployment tier. In Winter, 50% of buyback LOG goes directly to miners with lucky round bonuses capped at 9 LOG.
The entire protocol runs through verifiable smart contracts on Solana. Each round, choppers deploy SOL to compete for LOG rewards. Winners receive an 80% SOL rebate in Summer (88% in Winter) plus LOG distributed from fixed emission (Summer) or buyback revenue (Winter). Solo choppers compete for an additional 2% Alpha pool. The Lumberlode jackpot pays out both SOL and LOG unpredictably, with a loyalty dividend that rewards all active miners.
Concept
Bitcoin made mining a probability game — expend electricity, compete for blocks. LOG takes the same idea and adapts it: spend SOL to chop, compete for rewards. Deploy more SOL to a block, and your probability of winning increases proportionally.
Each round, choppers deploy SOL on blocks in a 5x5 grid. A random block is revealed as the winner. 80% of SOL in Summer (88% in Winter) redistributes to winners. In Summer, miners earn from fixed LOG emission (3/6/9 per round based on participation). In Winter, miners earn from buyback LOG (50% share) plus capped lucky round bonuses.
Key Features
- Chopping: Deploy SOL across 25 grid blocks. Winners earn the SOL pot plus buyback-funded LOG rewards.
- Lumberlode: Dual jackpot (LOG + SOL) with a loyalty dividend that rewards all active miners.
- Lumberjack: Competitive role earning 5% of buyback LOG per round, acquired via dutch auction.
- Watchdog: Counter-role earning SOL when the Lumberjack gets replaced.
- Predictions: Predict when Lumberlode hits — parimutuel betting on protocol events.
- Staking: Stake your Seasoned LOG to earn 10% of all buyback-acquired LOG.
- Seasoning: The longer you hold chopped LOG, the more redistribution you receive from others' claim fees.
- Referrals: Earn 1% of your referrals' claimed rewards.
- Seasons: Summer/Winter cycle shifts the entire economy — Summer mints fresh LOG, Winter burns it. Two decoupled lumberlodes keep every round exciting.
- Lucky Rounds: Random multiplier (1.5x to 5x) that mints bonus LOG — the only source of new token supply.
- Alpha vs Pool Mode: Solo deployers compete for a 2% Alpha bonus pool based on excess-over-index strategy.