Burns
Of every trade's creator fee, 40% buys back the coin, 40% buys back $FAIRBURN and 20% runs Fairburn. Every token bought goes to 0x…dEaD, where nobody can move it. Here is each buyback, with its receipt.
USDG spent on buybacks
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Tokens burned, all coins
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Burns
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Coins with a burner
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$FAIRBURN burned by all coins
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USDG spent on it
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Buybacks
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The platform token is not set yet. Until it is, the $FAIRBURN share of every coin's fees waits in that coin's burner.
Every burn
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When does a burn come?
- Fees collect. 80% of every trade's creator fee reaches the coin's burner, half in each bucket: one buys back the coin, the other buys $FAIRBURN. The other 20% runs Fairburn.
- 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.
- The whole bucket at once. Nothing caps a burn: everything collected buys back the coin and $FAIRBURN in one go, however much it moves the price. A coin quoted in a stock, ETH or cbBTC buys through that pair's pool, in a few pieces when its bucket is more than the pool takes at once.
- Sometimes a burn waits. While burns are paused, while a stock pair's market is closed, while the curve moves to its pool at graduation, and, for its $FAIRBURN share, until the platform token is set. All the rules.
- Every token bought goes to 0x…dEaD. Each burn is a buy on the coin's (or $FAIRBURN's) market; its transaction is the receipt. A coin's page shows what is collected for its next burn and when it comes.
Most burned, by share of supply
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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.