if youre reading this welcome to the butterfly effect
$FLY is an open sourced public good deployed as a smart contract on solana which aims to be the redirection epicenter of every tweet runner deploy in crypto
the coin is deployed from my dev wallet: GR777zNJo7DrYB7BkW3ESUNqwxDZATN4kBXKxM8NR5tU
github: https://t.co/nsgRJbVl7T
onchain fly smart contract: https://t.co/3UMGNfYmBB
summary:
$FLY is a smart contract on solana which provides deployers with an address that they can redirect fees to
the contract will claim the fees on every coin and use 100% to buy back and burn $FLY
the idea is to change the culture on solana from cashback deploys to redirecting to the $FLY contract so that as trenches we can have ownership of exposure to twitter runners instead of having this fragmented and useless cashback
more in depth version:
i wanted my first deploy to be special
fancy website, launch functionality on top of the deployed smart contract
but then i thought to myself, is that necessary? do people need another launchpad?
> less is more
> people are tired of the liquidity fragmentation
> cashback is meaningless; either you're profitable or you arent
all that needs to change is where deployers redirect fees to, so lets do just that
trenchers control the market and culture, not deployers
if trenchers all band together and say 'the winner is the one who redirects fees to fly', then thats what will happen
pump did $260m volume yesterday, so we can approximate fees for twitter runners to be around $1m
the entire value proposition of $FLY is to say, imagine what we could do if we redirected $1m i buybacks towards one coin, instead of everyone collecting dust in cashback
i want you to sit there and genuinely think about the impact $1m in buybacks could do per day on top of natural buy pressure
i thought about many ways to model $FLY, and ultimately i believe the only way to make this work is for it to be truly community owned, with 100% of protocol revenue going into buybacks
as the deployer, i will buy and lock 1% for myself
many would try to be sneaky, but i genuinely believe that everyone left trading is smart enough to know when a dev bundles, so i wont even try
i genuinely believe that as a community if we band around this concept, it can run to 9 figures, so 1% is enough for me (that i am freely able to buy/sell whenever i want); its better than me bundling secretly
to summarize, the narrative is:
if every twitter deploy redirects fees to the fly contract, we can passively get mid 6 figures+ in automated buybacks
* please be patient, once i deploy the coin, i will need to upgrade the contract *
whether it takes 1 hour or 1 day, i will push FLY
the concept is top tier, just needs more eyes
i didnt spend weeks building a flawlessly scalable contract to do anything less than 9 fig marketcap
yes, i actually believe the concept is that good.
$FLY is the only non bundled tech coin deployed as an open source smart contract that has the potential to go to 9 figures
might sound crazy now at a low marketcap, but i genuinely believe that having a better alternative to cashback has that kind of total addressable market
@philpros once we get momentum, i will pay it
i already paid 9 sol to deploy the contract onchain, its not that im unwilling to pay it, i just want organic momentum first
the buyback and burn wallet:
TWAPsVYCC92sh14Tqf4fkevLZQ5rJn9fUscDfMWFzEU
has bought back 1% of the $FLY supply
low volume, no ecosystem tokens yet
dream a little
a lot of projects just do the basic "we're using creator fees to burn"
$FLY is a lot bigger than that
the goal is to replace cashback
to change culture
to make every twitter deploy route back to $FLY
we dont need another launchpad
we just need to use creator fees better
$FLY is an onchain smart contract where anyone can direct fees to it, and it claims and buys back programmatically: https://t.co/v7NSrOFRHn
the goal is to replace cashback as a default we can all own
here is the wallet signing the buybacks, incase you want to track: TWAPsVYCC92sh14Tqf4fkevLZQ5rJn9fUscDfMWFzEU
for future launches, redirections should happen to this wallet though: FLYafjNV5ixDj3ZLCfmqiSB1EKZg9o5Nrp1dRWtEe7sx
the total addressable market for $FLY in the short term is $1m in buy pressure per day on solana
not accounting for growth of solana trenches
not accounting for other ecosystems such as robinhood
i only bought 1% because i truly believe this can be the biggest coin on solana
creating a fly coin is as simple as redirecting fees and locking to:
FLYafjNV5ixDj3ZLCfmqiSB1EKZg9o5Nrp1dRWtEe7sx
no unnecessary launchpad, just simply redirect and it'll claim and burn $FLY
for those who weren't in the spaces when i explained this
we aren't just going for all solana based deploys
we're also going to go for robinhood too
going to build a transparent bridge within 24 hours allowing anyone on robinhood to redirect fees that buy back $FLY on sol