I have flywheel trauma from the Believe era, so I'm just calling this what it is: a buyback engine.
Live since this morning. 95% of every swap fee in Karma buys $KARMA back, automatically, for the next 90 days. The other 5% goes to charity.
Today: 22 buys, $9,994 deployed, 2,673,464 $KARMA off the market. And I didn't start counting from today. I took every dollar of fees the app ever collected, $5,260, and matched it out of my own pocket. ~$10k deployed today. (yes, im srs about this project)
Why 95%? Teams are already paid through Virtuals capital formation, publicly, and only as the token grows. So the app's swap revenue does not need to feed us. It feeds you.
Every buy, every wallet, verifiable live: https://t.co/lHxU2q8UHM
This is your app.
Most apps route their revenue to the company. Karma routes it back to the people who create it.
95% of swap fees now buy $KARMA on-chain, in small buys around the clock. Half of what we buy goes to a reserve that never sells, half is reserved for the creators and users driving the app.
The app's growth and the token are now wired together. That's the whole design.
Verify it live, any second, no trust required: https://t.co/sQyIkmNd6c
Team is aware of some more visual issues on the platform.
Half a million requests in the last 30 minutes surpassed even the higher limit of our expectations.
Don't fret, it's day one, and we will be working around the clock to fix these issues (they are VERY minor)
PUMPCADE.