Bot is online, current settings before a buyback:
Fee reserve must have 0.01eth for the main token - 0.05eth for other tokens
If that amount is reached, the buybacks happen every 1 minute on $Fireball - 3 minutes for other tokens
launches are still active, stock pools are supported.
https://t.co/A27dZ7arUy
0xd74af769df9fbfafdfbacdf682a2c9a1d572e5ef
The fireball bot is being forced to stop:
The fees are too low to keep up with expenses.
The bot will wake up again if volume increases above a certain threshold.
People think market cap being low on our main token is bearish when its actually way more bullish in the long run.
The longer we keep collecting fees at lower levels the more impact our buys can have. This means the supply burnt is going to increase a lot faster than if we were to go up only.
That's the reality of it.
People are too lazy to DD tech on Robinhood,
a simpler way to go abouts this is by checking the top holder on your coin: 0x000000000000000000000000000000000000dead
If that's the address, that means the buyback and burns are working.
ALL TXS PROOF ARE ON OUR WEBSITE: https://t.co/A27dZ7arUy
Update on burn timing π₯
Every trade on $Fireball pays a fee. After graduation those fees sit inside Pons's pool until Pons's own sweeper releases them to us. Usually that's every minute or two, sometimes it takes longer than expected.
The second they're released, Fireball claims, buys and burns. Every time. Automatically.
So burns might not land every minute on the dot, but every fee ends up burned. Nothing is lost, nothing is held back. It's all on-chain: https://t.co/F9FXZDM1YN