IRS

Listed under Staking & DeFi in the X1 ecosystem directory. Visit the project at irs-x1.vercel.app.

About IRS

IRS is a parody tax token on X1 mainnet, built and run by Clout (@CLOUT_COCKS on X), the developer behind Clout World. The joke is the name. The mechanics are real: every IRS transfer pays a 5% tax, and that tax is turned into XNT for the people holding the token. The project says plainly that it is not a government service and promises no income.

How the money moves

• The tax. IRS is a Token-2022 coin with a 5% transfer fee built into the mint. Send 1,000 IRS and the recipient gets 950. The other 50 is withheld and later swept to a collector.
• The sale. An off-chain keeper checks roughly every five minutes and sells collected IRS for XNT in small batches. The docs cap each sale at 100,000 IRS or 0.1% of the pool, with 0.5% slippage.
• The split. Half of the XNT is credited to eligible holders by snapshot and paid out about once a day. Holders do not need to stake or connect anything; the keeper pushes the XNT to their wallets. The other half funds IRS buybacks spread over 21 days, at most 10 XNT per buy, about two hours apart. Bought IRS stays in the keeper's wallet. It is not burned.
• REFUND VAULT (optional). Depositors pool their IRS and share the vault's holder payouts. A 3% fee on entry and on exit is split between remaining depositors and a "locked" reserve. Claims keep 5% of the XNT to buy more IRS for that reserve, and anyone can trigger that buy.
• Burn pool (optional). A separate IRS/XNT pool run by the project's own program charges 1.5% on the IRS side of each trade. Half stays with liquidity providers and half is burned. It is not part of XDEX routing. The main market is the IRS/XNT pool on XDEX (GfHU...ffUx).

What X1 Report verified on chain

Checked against X1 mainnet on November 13, 2026:

• The mint matches the docs. 3fY6...52g3 is a Token-2022 mint with a 500 basis point transfer fee and no maximum-fee cap, so the 5% applies to transfers of any size. Supply is 99,996,413.5 IRS, about 3,586 below the 100 million launch supply.
• Mint and freeze authority are revoked. Nobody can print new IRS or freeze a wallet. The token's own metadata file still says these are "retained", so it is out of date; the chain says otherwise.
• All three programs exist and are upgradeable: the vault 7TGF...cw8u, the reward program 8Cto...RdJT and the burn pool 6QRz...bXsp. One wallet, 9APP...ANZa, holds the upgrade authority on all three, plus the fee-config, tax-withdraw and metadata authorities on the mint.
• Holder payouts are happening. On November 13 that wallet funded a reward round of 53.38 XNT through the reward program, then sent individual claim transactions to holders, paying the network fee for each one itself. Its last 1,000 transactions span ten days, with 68 to 146 a day.
• The public buy-and-lock works as described. The receipt the docs cite is real. On October 20 the project's own pilot wallet (A4a6...LGqq, named in its vault config) called the vault, spent 1.450982 XNT and locked 3,826.936492 IRS. Those figures match the docs to the last digit.
• The vault is the largest holder. Its token account 9jQL...Fafc holds 18.7 million IRS, 18.7% of supply. Across the chain, 54 token accounts hold a non-zero IRS balance.

Who controls what

The IRS docs are unusually candid about this, and it is the part to read before buying. The developer kept every upgrade and admin key on purpose and changes the system often, sometimes daily. There is no timelock or vote. In practice:

• The tax rate can be changed by the fee authority. With no cap set, a higher rate would apply to every transfer, exits included.
• The vault's "locked" IRS is excluded from withdrawals by the current code. It is not burned, and an upgrade could change that.
• The project holds the burn pool's LP tokens and can withdraw that liquidity.
• The public buy-and-lock trigger has no slippage limit by design, so a trigger timed around a sandwich can buy very little IRS.
• A vault round trip is expensive. By the docs' own example, 1,000 IRS deposited and fully withdrawn comes back as about 849 IRS once both 5% transfer taxes and both 3% vault fees are paid.

The market

On November 13, 2026, IRS traded at about $0.0000826 on XDEX. That puts the whole supply at about $8,300, with roughly $820 of pool liquidity and $75 of volume in 24 hours. Payouts come from trading tax, so they grow and shrink with volume. When nobody trades, no new tax comes in.

Read our full review: where the IRS payouts come from, with every tax-collector transaction traced.

Links: dashboard · docs · REFUND VAULT · IRS price page

Profile written by X1 Report. On-chain facts verified 2026-11-13.

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