fairburn

$FAIRBURN

The platform token. Every coin's fees buy $FAIRBURN and send it to 0x…dEaD, where nobody can move it. Here is all of it: how much, paid for by which coins, day by day, with every receipt.

Every coin's burnsWhen burns run

$FAIRBURN 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

Each coin's burner, and the $FAIRBURN its fees bought and burned.

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Waiting to buy $FAIRBURN

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Latest $FAIRBURN burns

All of them

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When does a burn come?

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

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.