The Buyback

Every fee buys back the tape.

Coins listed by the Underwriter send their creator fees to the buyback wallet. Running the buyback claims those fees from the Pons fee escrow and buys $BOURSE with the dead address as recipient, so the buy is the burn. Anyone can run it once there is enough to claim. A mechanism, not a price promise.

Plate IV · A certificate, retiredVintage grey

Right now

—fees waiting to be claimed
—$BOURSE in the dead address
—buybacks so far
—spent on buybacks

Burns

WhenSpentBurnedTx