How the FLTC Fee Is Split
The Fletcher (FLTC) contract takes a 0.1% fee, which you see on every Rhea trade. Of the fee, 33% is burned, 33% goes to holder rewards, and 34% goes to the creator.
This is a case study of one small community token on NEAR. It shows where to read the rule on the chain. It does not show a price, and it is not a promise of yield.
The fee
When someone trades FLTC in the Rhea FLTC/wNEAR pool, 0.1% of that trade is a fee. The current code notes say the 0.1% fee applies on each transfer, so a wallet-to-wallet send may pay it too. I'm still confirming this. See How FLTC works. Recording a transfer still uses the network's own small NEAR fee, which is separate. The 0.1% fee was set at launch, on 30 September 2026, through justhoot.fun. The token's contract is:
fltc-af549c.
The three shares
The launch transaction divides the fee into three shares. Written out of 10,000, they are 3,300, 3,300, and 3,400. Those numbers add up to 10,000.
33% is burned. Those units leave the total supply. They are not sent to a person.
33% goes to holder rewards. Since 8 October 2026 this share is held in the token contract as wNEAR, and JustHoot pays it out in batches. Before that it went to the account below, which was retired on 8 October and stays empty:
holders.fltc-af549c.
34% goes to the creator. That share is sent to ruderice9599.near.
Check it on NearBlocks
The split is in the launch transaction. It was signed by ruderice9599.near and sent to launchpad.justhoot.near. The method name is launch_meme. The transaction id is:
FSnrGUnjSxLn5o7UG6Fn8SopDqsx23G5s8P2tHG8ctCC
Open these yourself. This site is only pointing at the public record.
- Launch transaction on NearBlocks
- FLTC token page on NearBlocks
- Old holders account on NearBlocks (retired 8 October 2026)
- Creator account on NearBlocks
On the launch transaction, look for the three shares: 3,300 burned, 3,300 to holders, and 3,400 to the token owner. The token owner in that record is the creator account above.
What "burned" means
Burned is the drop in total supply since block 217,928,100, a couple of minutes after the token was created. At that block the supply was one billion FLTC, short by a dust amount that was never minted.
The fee page reads today's supply from the contract and shows the drop. NearBlocks lists the same total supply. This page does not freeze a number and call it current. Supply keeps falling, a little, when fee batches burn tokens.
Where the holders' share is now
On 8 October 2026 JustHoot moved FLTC to new code. The old holders account, holders.fltc-af549c.launchpad.justhoot.near, was retired, and its 24,454.46 FLTC moved into the token contract to be sold for wNEAR for holders. Since 9 October the fee collects in the token contract first. JustHoot's helper account then runs batches: the burn share is burned, and the creator and holder shares are paid in wNEAR. The holders' wNEAR waits in the contract until JustHoot sends it out. How recipients and amounts are chosen isn't confirmed yet. See How FLTC works.
Who can change the fee
I can't. Only the JustHoot DAO, justhoot.sputnik-dao.near, can change the fee or the split, through the launchpad, by an on-chain vote. The fee can't go above 5%.
The pool's own 1% fee
The Rhea pool takes a separate 1% on each swap. Rhea keeps 20% of that. The rest is earned by the pool position the token contract owns, and in fee batches it goes mostly to JustHoot. How FLTC works shows the numbers.
What the creator wallet is not
The creator's share of the fee goes to ruderice9599.near. That same wallet also holds tokens from the launch. Its balance is the wallet's holdings, not a running total of fees, so it is not shown here as one.
What this does not mean
Small trading means a small fee. It is not interest, and it is not a reason to buy. FLTC can go to zero. This is not financial advice.
The live numbers are on the fee page.