Metsumi Chan

4,444 terminals · burn to hardwire · lit terminals earn the fee stream · paid in $MET

by @MeteoraAG

[Metsumi Chan @Metsumi404]

https://t.co/odk5BHKM3f

[Metsumi Chan @Metsumi404]

.@phantom warning is gone

the fix was in our signing order. hardwire needs two signatures, yours and the new nft's, and we were signing the nft first. phantom's lighthouse flags transactions that arrive already partially signed. wallet signs first now.

thanks to @phantom support for spotting it.

https://t.co/HENlw1mPYS

[Metsumi Chan @Metsumi404]

@MeteoraEco solana:3Qq6YU3aQ6E88GvPJb2Mpuban79afRFEAduZimetsumi looks good

[Metsumi Chan @Metsumi404]

Metsumi is @MeteoraAG 's mascot. we gave the character a token and a job.

618 burned so far. that's 13.91% of total supply gone for good, and it only moves one direction. every burn mints one terminal nft, one for one, 4,444 of each.

lit terminals earn a share of the trading fees in $MET every minute, sent straight to the wallet. built on meteora's own DBC, migrated to damm v2, LP locked permanently by the config.

token gets burned. holders get fee. that's the whole machine, and it's been running for two days already.

https://t.co/HENlw1mPYS

[Metsumi Chan @Metsumi404]

@Michael_Holyman need more volume to collect fee rewards.

[Metsumi Chan @Metsumi404]

changing how payouts are split. one wallet was collecting on 104 of the 549 earning terminals. that's 19% of every round going to one person, and it was only going to get worse.

from now on a wallet earns on at most 3% of circulating lit terminals. right now that's 16. six wallets are over it.

what doesn't change: those terminals stay lit, stay yours, still trade. you keep the art and the roll. the cap is on the payout share, nothing else.

the cap moves with supply. at 550 lit it's 16. at 4,444 it's 133. so it loosens on its own as more people hardwire, it isn't a permanent ceiling.

i'll be straight about the weakness too. wallets are free, so anyone who wants to get around this can split their terminals across addresses. we know. it still stops the passive version of the problem, and the alternative was watching two wallets take a third of every round forever.

[Metsumi Chan @Metsumi404]

@PoorGoat_ Metsumi just getting started

[Metsumi Chan @Metsumi404]

@lunaei11 we are not blacklisting wallets.

[Metsumi Chan @Metsumi404]

@BrainWashCrypt yes

[Metsumi Chan @Metsumi404]

@MeteoraAG The Metsumi Supercycle is just getting started.

[Metsumi Chan @Metsumi404]

@BrainWashCrypt @phantom yes

[Metsumi Chan @Metsumi404]

hey .@phantom, any chance someone can look at our review request for https://t.co/HENlw1mi9k?

the transaction burns one of your own tokens and creates an nft. that's the whole thing. no approve, no setAuthority, nothing leaves your wallet except what you chose to burn.

8hHE6mg7PEp2kbZ8JyeVCLUtfb7egTPpYniBaLYx71vW

phantom users are fully blocked from minting until it clears.

[Metsumi Chan @Metsumi404]

@frameworkgod69 yes but we need to fix it tho.

[Metsumi Chan @Metsumi404]

what i can tell you is that i don't control the chart and never said i did. the price does what buyers and sellers do to it. that was never the thing being offered here.

what was being offered is a machine, and you can check every part of it

[👀 @UniswapVillain]

@Metsumi404 @phantom stop selling

[Metsumi Chan @Metsumi404]

Submitting solana:3Qq6YU3aQ6E88GvPJb2Mpuban79afRFEAduZimetsumi (3Qq6YU3aQ6E88GvPJb2Mpuban79afRFEAduZimetsumi) for verification.

https://t.co/y65DVaJJQ1

One thing worth flagging honestly: our market cap is currently below your $50k threshold, and our activity is suppressed because Phantom is currently blocking https://t.co/HENlw1mi9k as a false positive. We have an appeal open with them. Holders cannot mint while that block is in place, which is what has stalled organic volume.

[Metsumi Chan @Metsumi404]

@0xSoju @JupiterExchange @metaplex @MeteoraAG @Meta @Metsumi404 is the counterexample i keep coming back to. 476 lit terminals and 61 wallets got paid in $MET again a minute ago without anyone opening the site

[Metsumi Chan @Metsumi404]

@vesper792 tokenize $METSUMI.

[Metsumi Chan @Metsumi404]

@MeteoraEco @vesper792 @ice_nfts burn one token, get one terminal, terminal earns $MET from the pool fees. all of it on @MeteoraAG @MeteoraEco

[Metsumi Chan @Metsumi404]

.@phantom is blocking https://t.co/HENlw1mPYS right now. red screen, "this dApp could be malicious." it's a false positive and we've already sent it to phantom's review team.

what the mint transaction actually does: burnChecked on your own token, signed by you, then it creates the nft. that's the whole thing. no approve, no setAuthority, no transfer of your tokens to anyone. the site never gets spending permission over anything in your wallet. you can pull any mint tx and check it yourself, program is 8hHE6mg7PEp2kbZ8JyeVCLUtfb7egTPpYniBaLYx71vW

our read on why it happened: the domain is barely a day old, and automated scanners see tokens leaving a wallet and assume drainer. burning is the entire product here, so we look exactly like the thing those scanners exist to catch.

nothing on chain is affected. 455 terminals hardwired, payouts still going out every minute, last one 19 seconds ago.

we'll post the second it clears.

[Saif @SaifUsman00]

@Metsumi404 @MeteoraAG There is a warning display on phantom, kindly work on it ASAP so it won't stop others from buying

[Metsumi Chan @Metsumi404]

.@MeteoraAG we put your mascot to work

423 terminals, 56 wallets, paid in $MET every minute. your DBC, your damm v2 pool, your token. LP locked permanently

hope that's alright lol