⚙️ What is $PARTS?
A deflationary token designed to enhance value and reward holders.
🔥 Token Burning: Regularly reduces the total supply, creating scarcity and potential value appreciation.
💎 Holder Reflections: For every token burnt equal tokens are redistributed to current holders, providing passive income and incentivizing long-term holding.
🤖 What is TheMachine?
A smart contract which holds the Uniswap LP. It periodically withdraws some of the LP to provide tokens for burning and reflections. Then adds the ETH back as new LP when prices are lower.
Anyone may call its WithdrawAndBurn or BuyAndMint functions and are rewarded with $PARTS for doing so!
Join the $PARTS community and be part of an innovative approach to tokenomics that aligns incentives and fosters growth.
Over 11 million $PARTS burnt so far and an equal number distributed as reflections to holders! That's over 11% of the total initial supply!
#ETH#BaseChain
TheMachine wishing everyone a Merry Christmas! Hope everyone can enjoy a well deserved break. $PARTS will still be burning and reflecting while you relax.
Gm all! Been a few days. End of year can get busy but hold on, only a few more days to go! $PARTS still burning and reflecting thanks to TheMachine running on @base network!
#ETH
With it being almost 1 Month since $PARTS launched on @base network lets look back on the journey so far.
Initial MCAP of just $2k now around $200k! 🚀
1.5M (1.5%) of supply burnt 🔥 and 1.5M given back to holders!
The community has grown just as much over the last 4 weeks. With over 200 members in our TG and over 330+ Engineers holding $PARTS!⚙️
Can't wait to see what the next 4 weeks brings!
#ALTSEASON
The fees have been claimed with the $FUEGO pool on $Uni and all 617,806 $VELOCITY and 3,681 $FUEGO have burned! Pairing with @base tokens for a deflationary ecosystem! $PARTS $PEAGUY next! 🔥
Behold this visual representation of The Machine.
It never stops, as it keeps burning its own $PARTS for fuel. The $PARTS token drives the machine and gives life to the project. Holding $PARTS means holding your share of The Machine that will never stop working for you. As Engineers, we have the power to call the WithdrawAndBurn function on the smart contract, withdrawing 0.5% of the liquidity pool, which is divided into three segments: 49.5% gets burned, 49.5% is reflected as scraps to $PARTS holders, and 1% is sent as a reward to the Engineer who called the function. This can only be called once every 12 hours.
The Machine chose to make Basechain its home, as @BASE is the future of crypto, and deflationary assets are the future of decentralized wealth. We hope to be a safe haven for anyone on BASE trying to make a better life for themselves, and aspire to offer them an opportunity to own an asset that works for them and increases their positions in both size and value over time.
A stunning picture of our mascot Rivet created/generated by one of $PARTS many great community members. Come join the conversation https://t.co/UcqfhBbcvL
Some stats from TheMachine:
1296414 $PARTS burnt!🔥
1296414 $PARTS distributed to holders! 🚀
1072755 $PARTS bought back and added to LP! ⚙️
There is no stopping it!
#BASE