Question 1

Why can I reclaim SOL?

Accepted Answer

On Solana, each account, including token accounts, requires a small amount of SOL to cover storage costs, known as rent. When you create a token account (e.g., when you purchase a token), you deposit a small amount of SOL to cover this rent. If you later close the token account, the SOL used for rent is no longer needed because the account no longer exists. Consequently, the SOL that was initially deposited for rent can be reclaimed and returned to you.

Question 2

What is the difference between burning and closing?

Accepted Answer

Burning refers to the destruction of a token itself, not the account. When you burn a token, it is removed from your account and the total supply on the blockchain is reduced. This process typically does not involve reclaiming SOL. On the other hand, closing a token account involves terminating the account, which requires that all tokens in the account be burned first. When you close the account, you can reclaim the SOL originally deposited to cover storage rent.

Question 3

How much can I get from closing?

Accepted Answer

You can reclaim 0.002 SOL for fungible tokens and 0.01 SOL for regular NFTs. For cNFTs (Compressed NFTs), which store data off-chain, no SOL is refunded upon closing the account.

Question 4

Is there any service fee?

Accepted Answer

Yes, Burn the SOL charges a service fee of 15% of the rent exemption amount, to keep the service running. This fee is deducted from the total amount of SOL you reclaim.

Question 5

Can I get a discount on the service fee?

Accepted Answer

Yes. Using a referral link reduces the service fee from 15% to 10% of the rent exemption amount. The app generates your own referral link when you connect your wallet.

Question 6

What should I do if I encounter an error?

Accepted Answer

If you experience an error, please try the action again. If the issue persists, reach out to us on X (@burnthesol) with as much detail as possible, especially if the issue appears to be related to the application rather than the Solana network.

Question 7

How can I confirm that my burn was successful?

Accepted Answer

Once the burn and account closure processes are complete, the reclaimed SOL will be automatically sent to your connected wallet by the network. Please note that transaction and service fees will apply.

Question 8

Will Burn the SOL 'pay' my reclaimed SOL?

Accepted Answer

No, you will receive your reclaimed SOL directly from the Solana blockchain, not from our service. Burn the SOL provides the infrastructure and backend services connected to the Solana blockchain for your convenience.

Question 9

How do I know if the service is legit?

Accepted Answer

Balance changes are displayed clearly, and in some wallets like Phantom, you can check the service fee transfer amount instruction by opening the advanced panel. If you notice anything unusual, contact us before signing the transaction.