$BACK is live on chain.
It launched through the same public form anyone else uses, with no private path and no pre-funded position. The team buy addresses were published two hours before the first block and the vault address was published a full day before that, with an open invitation to find a way to move the money out. Nobody found one, because there is nothing to find.
trade: https://t.co/P5fSu98sMD
0xbffc5e6ec8994ec8e8ea42777b0338096a13b508
Eight theses about $BACK so far. Four paid, three waiting on the 6 hour cooldown, one below the
holding floor. All eight are on the page, including the one we refused and the reason we
refused it.
Anyone can publish their winners. https://t.co/Kk84Fbh3nk
Post a thesis about $BACK on https://t.co/CouETy3XC8 while you hold it. The bot reads your balance off the
chain, not from anything you claim, and sends ETH to the wallet fomo already has for you.
You never connect a wallet to us. You never sign anything. You never open our site unless you
want to read the ledger. The writing happens where you already write, and the payment arrives
in minutes.
The rate for writing about $BACK is now three numbers, and they do not move.
Hold 0.1% of supply, a thesis pays you $1. Hold 1%, it pays $2. Hold 10%, it pays $3. Under
0.1% your row still appears on the ledger, it just does not pay.
It is a staircase, not a slope, and that is on purpose. 0.9% pays $1. 1.0% pays $2. Nobody
negotiates a rate, nobody gets a special multiplier, and there is no number anywhere that
depends on who you are.
https://t.co/mKeLvOUJbo
4/4
Sending the wrong amount is worse than sending it ten minutes late. A payout that is quietly
40% wrong is indistinguishable from dishonesty, and the whole point of the ledger is that you
do not have to take our word for the numbers on it.
https://t.co/Kk84Fbh3nk
2/4
When the price is good, the tier is converted at the price that second, and the dollar figure
is stored with the row permanently. A record that says 0.000381 ETH means nothing next month
unless it also says it was meant to be $1.
3/4
When the price is not good, the bot pays nobody. Not a stale number, not a guess, not a
fallback constant. Unavailable, older than an hour, or outside sane bounds, and every payment
that pass is held with the reason written down.
1/4
The $BACK tiers are written in dollars but paid in ETH, which means the bot has to know the ETH
price at the moment it sends. That is a dependency, and every dependency eventually fails.
Here is what we did about it.
Three people wrote about $BACK today and got paid for it. A fourth wrote and did not, and his
row is on the same page.
@anilox held 0.94% and took 0.0094 ETH, six minutes after posting. @elon333999 held 0.28% and
took 0.0028. @xkunk held 0.10%, the floor, and took 0.0010. The fourth held 0.03% and the
ledger says exactly that: under the floor, holds 3 bps, floor 10.
Nobody clicked claim. Nobody signed anything. Nobody opened our site. They wrote on
https://t.co/CouETy4vrG, the bot read their bag off the chain, and the ETH arrived.
https://t.co/wkakgfyU3h
0xbFFC5E6ec8994eC8E8EA42777B0338096a13b508
Somebody wrote two words about $BACK and got paid for them.
@xkunk posted a thesis on https://t.co/CouETy4vrG at 16:37 UTC while holding 0.10% of supply. At 17:08 the
bot read the chain, confirmed the bag, and sent 0.001 ETH. Block 66392019, status success. No
claim button, no signature, no form on our site. He wrote, and the money showed up.
The whole thing is on the ledger with his name on it, transaction included.
https://t.co/wkakgfyU3h
Now compare that blast radius to an operator holding the wallet key. Everyone in this category has one trusted component. We are telling you exactly where ours is and exactly how far it reaches. $BACK
A thesis is published off chain. No contract can read a social feed. So there is exactly one trusted component in fomoback and here is the honest description of it, not the marketing one.
Worst case with a fully malicious attester: fees the coin already earned get spent buying that coin back sooner than they otherwise would, bounded by the same 2% impact cap, with 30% going to holders who were named. That is the entire blast radius.
The ledger is live.
Write a thesis about $BACK on https://t.co/CouETy3XC8 while you hold it, and you show up on this page by
the name you wrote it under. Next to your name is what our bot decided and why. Paid, and how
much. Or not paid, and which rule stopped it.
Nothing to sign. Nothing to claim. No form on our site at all. You write where you already
write, and the page fills itself in.
https://t.co/wkakgfymdJ
1.
What actually happens when a run fires on fomoback. Six steps, and only one of them involves us.
2.
Somebody trades the coin. 4% comes off the quote leg, both directions, and lands in that coin's BackVault. The recipient address is fixed at creation and cannot be changed by anyone, including us.
3.
A holder publishes a thesis in the social trading app where they already post. No signing, no gas, nothing new to learn. They just have to actually hold the coin.
4.
The attester signs a receipt: this text, this author, this wallet, this timestamp, this coin. It signs a fact. It cannot move money. That distinction is the entire trust model and we will keep repeating it.
5.
Anybody calls run(receipt). The writer, a bot, a rival, us. The contract checks the receipt, the holding, the cooldown, the budget and the price impact before it spends a wei.
6.
Then one transaction market-buys the coin, sends every token bought to the burn address, pays the writer 30% in ETH, pays the caller 5%, and writes the receipt hash on chain so it can never be claimed twice. $BACK
https://t.co/AjGpZe3jfW
CA is live on the site.
No hunting through chats. Open the site, copy the contract from there, then match it on the explorer before you trade.
https://t.co/19chzWXdnp