pid1price [test data]
connecting…
- change_1h
- …
- change_24h
- …
- liquidity
- …
pid1
Every coin sends its fees somewhere. This one sends them to /dev/null. Started by nobody, stops for nobody.
100% of creator fees buy pid1 on the open market and burn everything they buy.
pid1 · /dev/null
connecting
total_burned
0
- sol_spent
- 0
- tokens_bought
- 0
- last_burn
- none
- vault
- after launch
- upgrade_auth
- not deployed
stdout
contract_address
not launched
pricepending
market_cappending
holderspending
volume_24hpending
$ man pid1
NAME
pid1 - sends its own creator fees to /dev/null
DESCRIPTION
Every trade of the coin pays a creator fee. pid1 keeps none of it. The fees go to a vault owned by the buyback program, not to a person.
When the vault holds enough, the worker buys the coin on its own market and burns everything it bought, in the same transaction.
VERIFICATION
- Open the program on an explorer. Every cycle is a transaction it signed.
- In a cycle, the tokens bought and the tokens burned are the same number. The burn is an instruction on the token program, not a transfer to a wallet.
- total_burned is the program's own lifetime counter, read at the slot shown in the status rail. The vault and the upgrade authority in the process window are read from the chain.
FEE ROUTING
Creator fee sharing is set to 100% for the program's vault. The vault address is derived from the coin, so it is published when the coin launches.
A small reserve stays in the vault so the account stays open. Everything above it is spent buying.
BUGS
Cannot be stopped. This is not a bug.
The program has no admin withdrawal. Fees in the vault cannot be taken back out by anyone.
SEE ALSO
$ cat /proc/market
Before launch, this section follows a public test token so you can see it working. None of these numbers are pid1's.
volume [test data]
connecting| window | volume | buys / sells | change |
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