rektrade

0x2a8017dc69dbb29f6cfe1bb031df02bb8bf1d5c9

[rektrade @rektradefun]

Rektrade is live on HyperEVM.

Perps up to 1000x against the house. BTC, ETH, SOL, ZEC, NEAR, XMR. USDC in, HYPE for gas. No order book, no spread, no funding.

Every dollar you lose mints $REKT to your wallet. That’s the whole token.

https://t.co/e8AiJCuQ9b

0x2a8017DC69dBB29F6cfe1BB031dF02BB8Bf1D5C9

[rektrade @rektradefun]

155,405 $REKT burned = 14.76% of everything minted.

https://t.co/HgAHpEPvYj

[rektrade @rektradefun]

A small hotfix addressing slippage on the keeper wallet for JackpotHooks is currently running and may take up to 3 minutes.
The update will then be applied to https://t.co/HgAHpEQ3NR.

[rektrade @rektradefun]

$129,854,862 notional has been traded so far.

Of that volume, $57,696 has been lost to the house.

1,048,195 / 21,000,000 $REKT tokens have been minted.

House cash currently stands at $5,019.

Taxes have been reduced to 4% for the next 24 hours. The current $REKT mint rate is 14 REKT per $1 lost.

https://t.co/e8AiJCvnYJ

[rektrade @rektradefun]

1,040,820 $REKT tokens have been minted, representing 4.96% of the total supply of 21,000,000. The TradeTaxHook is now settled at 4.5%.

[rektrade @rektradefun]

Current TradeTaxHook rates have been reduced to
5.5% and 5%

(from the previous 7.7% and 7.7%).

Notional volume traded stands at $121,047,275.

Perpetual traders have minted a supply of 951,536 tokens.

This represents 4.53% of the 21,000,000 total supply.
Of all tokens minted so far, 8.03% have been burned.

[rektrade @rektradefun]

The RPC and server are being upgraded to handle more users as we approach 1M of the 21M $REKT supply minted.

Get REKT before you get $REKT.

[rektrade @rektradefun]

Regarding the current tax reduction schedule, which is automated by the keeper:

the tax is currently at 7.7%.

Every time the rate reaches 50% of the previous level, the tax is reduced by 25%. This process will continue until it reaches a maximum floor of 3%.

$REKT is a hook token that is easy to modify and can be used for anything built onchain.

This provides major advantages over tokens like PAPER, which cannot be traded (or, even if PAPER becomes tradable today, still cannot support hooks because it was not built with them).

Taxes on $REKT will continue to decrease over time and will stop at 3%.

[rektrade @rektradefun]

@biiiiymeister GET rekt , get $REKT

[billymeth.eth @biiiiymeister]

It started with nothing; it is made of losses.

$27K notional volume
$10K from me + $2K for liquidity lock
$1K to house funds

Right now

Notional Volume: $108,978,267
House net :$14,027
every 15 min: 50% of the house's fees buy REKT and burn it, with the tax's share
Revenue, all time: $17,971

https://t.co/bDkQ62nDYe
0x2a8017dc69dbb29f6cfe1bb031df02bb8bf1d5c9

I explained on @gmgnai call-out why I deployed $REKT

[rektrade @rektradefun]

🔥 Buyback & burn is running forever.

Every 15 minutes the house claims its fees, half buys $REKT on HyperSwap, and all of it burns at the dead address, together with every $REKT the tax collects. First run already had $393 waiting.

Treasury: https://t.co/S5a2T2kpHl

🎰 Jackpot on the pair, funded with 3,000 $REKT to start.

Every buy of 200+ $REKT is a ticket.
1 in 40 wins 25% of the pot.

Decided by the next block's hash nobody picks a winning buy, not even us. 10% of every tax tops up the pot; the other 90% burns.

JackpotHook: https://t.co/E32lvXaWQt

📊 New: https://t.co/gFSwyQq6Fc
minted vs the 21M cap, % burned of what exists, every buyback run, every jackpot winner, a tx link on every row.

No admin mint. No burn you can't verify. Trade, lose, mint, burn.

$REKT

[rektrade @rektradefun]

Update rolling out in 10 minutes.

Buyback & burn starts today before the first 1 $REKT/$ day even lands.

Every 15 min the house claims its fees → half buys $REKT on HyperSwap → all of it burns.

The $REKT the tax collects burns with it.
Permanent. On-chain.

New page: https://t.co/gFSwyQq6Fc minted vs the 21M cap, % burned of what exists, every buyback run, every jackpot winner, tx links on every row.

$REKT 🔥

[rektrade @rektradefun]

834,111
3.97% of 21,000,000 $REKT supply minted.

[rektrade @rektradefun]

Contract, RektHook Manager, and Web UI Update

We are updating the contracts, the RektHook manager, and the web UI.

There will be three new changes:

- Fees currently collected on the **USDC side** will be used to buy back and burn $REKT.

- Fees currently collected on the $REKT side

(from house wins or losses) will be used in three ways:
1. Burn
2. Daily jackpot (triggered when you swap on the website)
3. Instant win for random buyers on the website

These updates will be completed today, once the 24hour tick finishes (today) and the mint rate drops by 1 $REKT.

[rektrade @rektradefun]

When we launched the $REKT token, we seeded the house with only $500, and later added another $500. The house is now over $7,000, and both trader profits and $REKT mints are operating securely.

We built 24 different contracts around $REKT, including hooks (RektHOOKs).

A portion of the revenue will be used for buybacks and burns, a daily pot / random reward for stakers, and staker boosters for USDC rewards.

The entire mechanism is driven by a tick that started when we deployed the server. It has been running non-stop for 21 days. 1 REKT is generated per $1 in losses. In the meantime, the $REKT price can go above $10 or even $100.

Early participants are sometimes called “insiders,” but they are not.

Contract:
https://t.co/OsIsefIg5Y

Once the first 24-hour tick completes today, buybacks and burns will begin.

Get REKT or get $REKT now.

[rektrade @rektradefun]

580,983
2.77% of 21,000,000 $REKT minted.

[rektrade @rektradefun]

$68,147,576 notional trades on https://t.co/HgAHpEPvYj
294 trades · $11,447 paid to winners

[rektrade @rektradefun]

Deposits and perpetual trading are open again. Withdrawals remain unrestricted at all times.

Guardrails that compare the DEX price with the $REKT mint price automatically pause and unpause deposits used exclusively for opening perps.

This mechanism is in place to protect both users and the house.

[rektrade @rektradefun]

100% of the $REKT Token LP is now locked.

LpLock: 0x2895A3F490421631C5a1f565093e7F31Af2110c5
View it here: https://t.co/4W2iIQ1y8k

[rektrade @rektradefun]

The RektToken contract and rails has been verified on HyperEVM.

https://t.co/OotDKRdXZe

[rektrade @rektradefun]

Rektrade 0.5.0 will go live in minutes. After this update, we will verify the current $REKT token and guardrail contracts.