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, then distributes it to miners, stakers, Lumberlode, Lumberjack, and LP — while burning 50% permanently. Lucky rounds randomly mint bonus LOG on top of buyback rewards.
The entire protocol runs through verifiable smart contracts on Solana. Each round, choppers deploy SOL to compete for LOG rewards. Winners receive an 88% SOL rebate from the pot plus LOG distributed from buyback revenue. 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. 88% of SOL from the pot redistributes to winners. LOG rewards come from protocol buybacks — the Sawmill buys LOG with treasury SOL and distributes 25% of it to round winners. In lucky rounds, bonus LOG is freshly minted on top.
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.
- 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, then distributes it to miners, stakers, Lumberlode, Lumberjack, and LP — while burning 50% permanently. Lucky rounds randomly mint bonus LOG on top of buyback rewards.
The entire protocol runs through verifiable smart contracts on Solana. Each round, choppers deploy SOL to compete for LOG rewards. Winners receive an 88% SOL rebate from the pot plus LOG distributed from buyback revenue. 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. 88% of SOL from the pot redistributes to winners. LOG rewards come from protocol buybacks — the Sawmill buys LOG with treasury SOL and distributes 25% of it to round winners. In lucky rounds, bonus LOG is freshly minted on top.
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.
- 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.