DebtCoin ($DEBT) is a memecoin project operating on the Solana blockchain with the stated mission of contributing to the reduction of the United States national debt. The project channels creator fees generated from token trading into a treasury, which then facilitates direct payments to the U.S. Treasury.

Overview

DebtCoin was launched as a project that blends memecoin culture with a form of civic engagement, framed initially as a satirical commentary on U.S. fiscal policy. Its core function is to convert cryptocurrency trading activity into real-world financial contributions to the U.S. government. The project's operators state that it gained early traction by contributing over $60,000 to the U.S. Treasury within its first 24 hours of operation. ^[1]

The project positions itself as an experiment in "crypto-powered civic engagement," aiming to build a community around a shared purpose rather than solely on speculative interest. The central premise is that even a memecoin can have a tangible, positive impact. The project's official website and social media channels emphasize transparency by publicly logging all donations and token burns. DebtCoin explicitly states that it is not affiliated with the U.S. government or any of its agencies. ^[1]

Technology

DebtCoin's mechanism is built on the Solana blockchain and relies on the collection and distribution of creator fees from token trades. The process is designed to be transparent and auditable through public blockchain explorers. ^[1]

The operational flow consists of three main steps:

1. Fee Collection: Every time the $DEBT token is traded on a decentralized exchange, a "creator fee" is automatically collected. These fees are paid in both Solana's native token (SOL) and in $DEBT tokens.
2. Treasury Accumulation: The collected fees are sent directly to a publicly disclosed treasury wallet. This wallet accumulates the SOL and $DEBT from all trading activity. The official treasury wallet address is AkBszQko8EZAGHELBtQ8rxehi73sspA3bbGczW5cZBDT.
3. Action and Distribution: The accumulated funds are handled in two distinct ways. The SOL is periodically converted into U.S. dollars, which is then used to make donations. The accumulated $DEBT tokens are permanently removed from circulation through a process known as burning.

This entire process is designed to be verifiable, with wallet addresses and transaction histories available for public review on the Solana blockchain. ^[1]

Treasury Contributions

A core activity of the DebtCoin project is making direct financial contributions to the U.S. Treasury. These payments are made through the official U.S. government portal, Pay.gov, using the "Gifts to Reduce the Public Debt" program, which is a formal channel for citizens and organizations to donate money for this purpose. ^[1]

The project maintains a public log of all its contributions on its website. Each entry in the log includes the payment amount, the date of the transaction, a Pay.gov Tracking ID, and an Agency Tracking ID. As of late July 2025, the project reported having donated a total of $160,000. The project encourages public verification of these payments by providing the necessary tracking information, which can be confirmed by contacting Pay.gov support. Receipts for these donations are also frequently posted on the project's official X (formerly Twitter) account. ^{[1] [2]}

Tokenomics

The tokenomics of DebtCoin are centered around its native token, $DEBT, and a system designed to support its primary mission of debt reduction while also managing the token's supply. The token's contract address on the Solana network is vLieQF5eDqUuuk8RzRaqgAHkXr7bSEBZaWk9Zfibonk. ^[1]

Supply Allocation

According to the project, 25% of the total $DEBT supply is locked in a wallet designated for the project's mission. This allocation is intended to provide long-term support for the project's objectives. ^[1]

Burn Mechanism

DebtCoin incorporates a deflationary mechanism through token burning. Creator rewards from trading are collected as a 50/50 split of SOL and $DEBT. While the SOL portion is converted to USD for donations, the $DEBT portion is not sold on the open market. Instead, these tokens are sent to an irrecoverable "burn" address, permanently removing them from the circulating supply. ^[2]

This process is intended to reduce the total supply of $DEBT over time, creating a deflationary pressure on the token. The project maintains a public log of all burn transactions, complete with links to the transactions on a Solana block explorer. As of late July 2025, the project had burned over 6.9 million $DEBT tokens, which it stated was equivalent to approximately 0.7% of the total supply at the time. ^[1]

Future Developments

The team behind DebtCoin has expressed ambitions beyond its current scope of making direct payments to the U.S. Treasury. While debt reduction remains the primary focus, the project's official communications suggest a long-term vision of supporting broader initiatives aligned with fiscal responsibility and civic reform. ^[1]