Platform token
$OWNERLESS
30% of every coin's creator fee buys $OWNERLESS and sends it to 0x000…dEaD, where nobody can move it. Here is all of it: how much, paid for by which coins, day by day, with every receipt.
Totals
- $OWNERLESS burned
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- USDG spent on its buybacks
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- Buybacks
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- Coins funding it
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Funded by
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Waiting to buy $OWNERLESS
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Latest $OWNERLESS burns
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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 $OWNERLESS. 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 $OWNERLESS 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.
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.