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Buyback and burn

A fee recipient.

Not selectable yet

The contract is built but not yet deployed. It appears in the catalog, and the app will mark it selectable the day it ships.

Fee income sent to this contract is spent buying the coin on its own market, and everything bought is burned. Supply falls as the coin trades.

Anyone can trigger a buyback, so it does not depend on the creator being available. The caller sets the price protection on their own transaction.

Consequences​

  • The creator gives up the income. These are their fees, converted into supply reduction rather than a balance.
  • It buys on the coin's own market, so it moves the price like any other buy. The effect is larger on a thin market than on a deep one.
  • It only buys. The contract has no path to sell what it holds; burning is the only exit.
  • It is permanent, bound at the coin's creation like every other extension.