Cross-Chain Cash Out to Solana

Bridge your WICC rewards to Solana network with minimal fees and fast processing.

Overview

The Cash Out feature allows you to convert your WICC tokens and transfer them to the Solana blockchain, giving you:

• ✅ Cross-chain flexibility - Move assets between networks
• ✅ Access to Solana DeFi - Use tokens in Solana ecosystem
• ✅ Lower transaction fees - Solana's efficient network
• ✅ Fast processing - Quick bridging process
• ✅ Secure transfers - Admin-verified transactions

How Cash Out Works

Process Overview

Technical Flow

WicChain (WICC)
    ↓
[Request Cash Out]
    ↓
[Transfer to Contract]
    ↓
[Escrow Hold]
    ↓
[Admin Processing]
    ↓
[Solana Transfer]
    ↓
Solana (Equivalent Token)

Cash Out Limits & Fees

Amount Limits

Minimum Cash Out:  10 WICC
Maximum Cash Out:  1,000,000 WICC per transaction
Daily Limit:       One cash out per 24 hours per wallet

Fee Structure

Platform Fee:  0.1% (100 basis points)
Gas Coverage:  Included in fee
Network Fees:  Covered by platform

Example:
Cash Out Amount:  100,000 WICC
Platform Fee:     100 WICC (0.1%)
You Receive:      99,900 WICC equivalent on Solana

Fee Comparison

*Assuming WICC price ~$0.00000001

Making a Cash Out Request

Prerequisites

Before requesting cash out, ensure you have:

• ✅ WICC tokens in your wallet (minimum 10 WICC)
• ✅ Valid Solana wallet address (44 characters)
• ✅ No pending cash out requests
• ✅ At least 1 hour since last request

Step-by-Step Guide

Amount to Cash Out:  [Enter WICC amount]
Solana Address:      [Paste your Solana wallet]

Cash Out Summary:
Amount:          100,000 WICC
Fee (0.1%):      100 WICC
Net Amount:      99,900 WICC
Solana Address:  7xKX...9Qwm

Code Example

// Request cash out to Solana
const amount = "100000"; // 100,000 WICC
const solanaAddress = "7xKXy8rL9mN3pQwV5hT6fU2eA4dC1bR9Qwm";
 
// Approve tokens first
await wicToken.approve(stakingContract.address, parseUnits(amount, 18));
 
// Submit cash out request
const tx = await stakingContract.requestCashOut(
  parseUnits(amount, 18),
  solanaAddress
);
 
await tx.wait();
console.log("Cash out requested! Request ID:", tx.events[0].args.requestId);

Tracking Your Cash Out

Request Status

Pending ⏳

Status:           Awaiting processing
Requested At:     2024-01-15 10:30 AM
Amount:           100,000 WICC
Net Amount:       99,900 WICC
Solana Address:   7xKX...9Qwm
Estimated Time:   24-48 hours

Processing 🔄

Status:           Admin is processing
In Progress:      Solana transfer initiated
ETA:              Within 2 hours

Processed ✅

Status:           Completed
Processed At:     2024-01-16 2:15 PM
Amount Sent:      99,900 WICC equivalent
Solana TX:        5yH2...nW8p
Processing Time:  27 hours 45 minutes

Refunded ❌

Status:           Cancelled
Refunded At:      2024-01-15 11:00 AM
Reason:           Invalid Solana address
Refund Amount:    100,000 WICC (full refund)

Dashboard View

Cash Out History
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

Request #1234
├─ Status:       ✅ Processed
├─ Amount:       100,000 WICC → 99,900 WICC
├─ Requested:    2024-01-15 10:30 AM
├─ Processed:    2024-01-16 2:15 PM
├─ Duration:     27h 45m
└─ Solana TX:    5yH2...nW8p

Request #1235
├─ Status:       ⏳ Pending
├─ Amount:       50,000 WICC → 49,950 WICC
├─ Requested:    2024-01-20 3:45 PM
├─ ETA:          24-48 hours
└─ Solana Addr:  9pLm...4Rt2

Cash Out Strategies

Strategy 1: Regular Small Cash Outs

Approach:

• Cash out small amounts regularly
• Minimize risk of large losses
• Test process multiple times
• Build confidence

Example:

Week 1:  Cash out 10,000 WICC (test)
Week 2:  Cash out 10,000 WICC
Week 4:  Cash out 20,000 WICC
Week 8:  Cash out 50,000 WICC
...

Best For: Risk-averse users, beginners

Strategy 2: Milestone-Based Cash Outs

Approach:

• Cash out after reaching milestones
• Celebrate achievements
• Lock in profits
• Reduce exposure

Example:

Bronze Achievement:   Cash out 10% of bonus
Silver Achievement:   Cash out 15% of bonus
Gold Achievement:     Cash out 20% of bonus
Diamond Achievement:  Cash out 25% of bonus

Best For: Milestone-focused users

Strategy 3: Profit-Taking Schedule

Approach:

• Set fixed schedule for cash outs
• Disciplined approach
• Dollar-cost-average out
• Reduce timing risk

Example:

Every 30 days: Cash out 10% of accumulated rewards
Monthly:       Withdraw interest earnings only
Quarterly:     Cash out larger amounts

Best For: Systematic investors

Strategy 4: Emergency Fund Building

Approach:

• Build Solana-side reserves
• Keep earnings liquid
• Emergency access
• Diversified holdings

Example:

Target: 100,000 WICC on Solana
Monthly: Cash out 10,000 WICC
Duration: 10 months to reach target
Purpose: Emergency liquidity

Best For: Conservative investors

Security & Safety

Best Practices

✅ Verify Solana Address

• Double-check every character
• Use copy-paste, don't type manually
• Test with small amount first
• Save verified addresses

✅ Monitor Request Status

• Check dashboard regularly
• Note request timestamps
• Keep transaction records
• Contact support if delayed

✅ Understand Finality

• Cash out is irreversible once processed
• Cannot undo Solana transfer
• Plan amounts carefully
• Keep records for taxes

✅ Secure Your Wallets

• Use hardware wallet if possible
• Never share private keys
• Enable 2FA on exchanges
• Keep backup phrases safe

Common Scams to Avoid

❌ Fake Support

• Never share private keys
• Admin won't DM you first
• Verify official channels
• Report suspicious messages

❌ Phishing Addresses

• Verify Solana address format
• Check character count (44 chars)
• Don't use untrusted sources
• Test small amounts first

❌ Impersonation

• Verify website URL
• Check smart contract addresses
• Use official links only
• Be wary of "too good" offers

Troubleshooting

Request Stuck in Pending

Possible Causes:

1. High processing volume (wait 24-48h)
2. Admin verification delay (normal)
3. Weekend/holiday processing (slower)

Actions:

• Wait at least 48 hours
• Check dashboard for updates
• Contact support if >72 hours
• Provide request ID

Invalid Solana Address Error

Causes:

• Wrong address format
• Incorrect character count
• Unsupported address type
• Copy-paste error

Solutions:

• Verify address length (44 chars)
• Re-copy from wallet
• Test format validity
• Use address validator

Insufficient Balance

Causes:

• Not enough WICC in wallet
• Already requested cash out
• Tokens locked in staking
• Pending transactions

Solutions:

• Check wallet balance
• Cancel pending requests
• Wait for claims to process
• Unstake if needed

Rate Limit Exceeded

Cause:

• Requested cash out too recently
• Less than 1 hour since last request

Solution:

• Wait for cooldown period
• Check last request time
• One request per hour maximum

Advanced Features

Batch Cash Out Planning

For large amounts over maximum:

Total to Cash Out: 5,000,000 WICC
Maximum per TX:    1,000,000 WICC
Required Requests: 5 requests

Schedule:
Day 1: Request #1 - 1,000,000 WICC
Day 2: Request #2 - 1,000,000 WICC
Day 3: Request #3 - 1,000,000 WICC
Day 4: Request #4 - 1,000,000 WICC
Day 5: Request #5 - 1,000,000 WICC

Total Fees: 5,000 WICC
Net Received: 4,995,000 WICC

Tax Considerations

Record Keeping:

Date:            2024-01-15
Type:            Cash Out
Amount:          100,000 WICC
Fee:             100 WICC
Net:             99,900 WICC
Price at TX:     $0.00000001
USD Value:       $1.00
Purpose:         Profit taking

Categories:

• Capital gains/losses
• Income (if earned as rewards)
• Cross-chain transfers
• Transaction fees (deductible)

API Integration

For developers:

// Check cash out settings
const settings = await contract.getCashOutSettings();
console.log("Min amount:", settings.minAmount);
console.log("Max amount:", settings.maxAmount);
console.log("Fee rate:", settings.feeRate);
console.log("Enabled:", settings.enabled);
 
// Get user's cash out history
const requests = await contract.getUserCashOutRequests(userAddress);
for (const req of requests) {
  console.log("Request ID:", req.requestId);
  console.log("Amount:", req.amount);
  console.log("Status:", req.processed ? "Processed" : "Pending");
}
 
// Calculate fees
const amount = parseUnits("100000", 18);
const [fee, net] = await contract.calculateCashOutFee(amount);
console.log("Fee:", formatUnits(fee, 18));
console.log("Net:", formatUnits(net, 18));

Fee Optimization

Minimizing Costs

Strategy 1: Consolidate Requests

❌ Bad:  10 requests × 1,000 WICC = 10 WICC total fees
✅ Good: 1 request × 10,000 WICC = 10 WICC total fees
Result: Same fee, less hassle

Strategy 2: Time Your Cash Outs

Wait for:
- Larger accumulated amounts
- Milestone achievements
- Monthly/quarterly schedules
- Specific price targets

Strategy 3: Consider Gas Savings

WicChain Gas:     ~$0.01 per TX
Solana Gas:       ~$0.00001 per TX
Post-Cash-Out:    1000× cheaper transactions
Benefit:          Long-term savings on Solana

Frequently Asked Questions

General Questions

Q: How long does cash out take? A: Typically 24-48 hours, up to 72 hours during high volume.

Q: Can I cancel a pending request? A: No, but admin can refund if there's an issue.

Q: What happens if Solana address is wrong? A: Admin will verify and refund if invalid.

Q: Is there a minimum hold time before cash out? A: No, cash out anytime after staking.

Technical Questions

Q: What token do I receive on Solana? A: Equivalent WICC token on Solana (check official announcements).

Q: Can I cash out back to WicChain? A: No, it's a one-way bridge to Solana.

Q: Are there blockchain fees? A: Platform covers all network fees.

Q: What if request fails? A: Automatic refund of full amount.

Fee Questions

Q: Why is there a fee? A: Covers processing, gas, and bridge operation costs.

Q: Can fees be waived? A: No, 0.1% fee applies to all cash outs.

Q: Are fees charged in WICC or USD? A: Fees are in WICC, deducted from cash out amount.

Q: Do I pay both WicChain and Solana fees? A: No, single 0.1% fee covers everything.

Success Stories

Case Study 1: Small Regular Cash Outs

User Profile:

• Strategy: Weekly small cash outs
• Amount: 5,000 WICC per week
• Duration: 6 months

Results:

• Total Cashed Out: 130,000 WICC
• Total Fees: 130 WICC
• Average Processing: 28 hours
• Issues: 0
• Satisfaction: High

Case Study 2: Milestone Withdrawals

User Profile:

• Strategy: Cash out after milestones
• Achievements: Bronze, Silver, Gold
• Duration: 1 year

Results:

• Bronze: Cashed out 10,000 WICC
• Silver: Cashed out 50,000 WICC
• Gold: Cashed out 100,000 WICC
• Total Fees: 160 WICC
• Built Solana portfolio successfully

Next Steps

Ready to cash out to Solana?

Bridge your rewards to Solana today! 🌉

Start Cash Out | View FAQ | Contact Support