Burns · to 0x000…dEaD
Burns
Of every trade's creator fee, 50% buys back the coin, 30% buys back the platform token and 20% runs the site. Every token bought goes to 0x000…dEaD, where nobody can move it. Here is each buyback, with its receipt.
Totals
- USDG spent on buybacks
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- Tokens burned, all coins
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- sent to 0x000…dEaD
- Burns
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- Coins with a burner
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- Collected for the next burns
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- both buckets, every coin
30% of every coin's creator fee buys back the platform token and burns it. Until the platform token is named, that share waits in each coin's burner.
Every burn
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When does a burn come?
- 01
Fees collect. 80% of every trade's creator fee reaches the coin's burner, in two buckets: 50% of the fee buys back the coin, 30% buys back the platform token. The other 20% runs the site.
- 02
A burn every 20 to 30 minutes. Each coin burns at a moment 20 to 30 minutes after its last burn (after its launch, the first time), drawn at random, so nobody can time it. A bucket burns once it holds at least $2 of USDG.
- 03
The whole bucket at once. Nothing caps a burn: everything collected buys back the coin and the platform token in one go, however much it moves the price. A coin quoted in ETH buys through its ETH pool, in a few pieces when its bucket is more than the pool takes at once.
- 04
Sometimes a burn waits. While burns are paused, while the curve moves to its pool at graduation, and, for the platform bucket, until the platform token is set. All the rules.
- 05
Every token bought goes to 0x…dEaD. Each burn is a buy on the market of the token it burns; its transaction is the receipt. A coin's page shows what is collected for its next burn and when it comes.
Most burned
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Each buyback is itself a trade made here, so it pays Pons's 1% and the 0.25% app fee, which goes to the treasury; USDG spent includes both. Amounts are from the burner contracts' own receipts; they say nothing about where the price goes.