The supply only goes
one way.
Every trade of $UP pays a fee. The fee fills a contract that can do exactly one thing with it: buy $UP on the open market and send it to a dead address. It does that every 5 minutes, 288 times a day, and it has no withdraw function, no owner, and no way to be pointed at anything else.
The chart, with every burn on it
Every burn
0 burnsTrades
liveBiggest burns
What has been passed
What the burns did to your share
Did the clock get kept?
One buy, every 5 minutes, forever
The same four things on a loop. None of them is a decision anybody makes: the schedule is a constant in the contract, and the buy is a function anyone is allowed to call.
Every trade of $UP carries a 3% creator tax. Pons holds it for whoever the token names as its fee recipient.
The fee recipient is a contract, not a person. A fixed share of everything it collects goes straight into the burn pot and cannot be redirected.
The pot spends everything it holds at that moment, buying on the bonding curve before graduation and from the Uniswap pool after.
What it buys goes to 0x0000…dEaD, which nobody holds the key to. The transaction is on this page before the next one is due.
What the contracts make impossible
Every number on this page is read live from the chain. These are not promises about how we intend to behave. They are things the deployed code has no function to do.
There is no function on the pot that sends ETH anywhere except into a buy, and no function that sends the tokens anywhere except the dead address. Nobody can drain it, including us.
The cadence is compiled into the contract. Changing it would mean deploying a different contract at a different address, which anybody watching would see.
The bot is a convenience, not a dependency. If it goes down, the burn is still due and any wallet can send it. The schedule does not rely on us being awake.
Measured against the curve's reserve before graduation and the pool's in-range depth after, with a hard price limit on the swap. This is what makes a buy-in-front, sell-behind sandwich lose money. Whatever the cap leaves is not forfeited. It goes into the next burn.
The pot launches $UP itself and adopts only the token it created. It cannot later be pointed at a different coin.
Below the minimum a burn holds for more fees instead of spending more on gas than it destroys. The 24-hour backstop means it can never hold forever.