Phlogiston is live on Robinhood Chain mainnet.
Every swap pays 1% into the furnace. Every three minutes, the pot buys and burns.
No owner. No staking. No team wallet.
https://t.co/RnMUWsrDDK
Forecast the burn.
At today’s volume (3.42 ETH/day) and today’s price, the math says 100% of supply burns in 90 days.
This is arithmetic on the assumptions above. Not a prediction. Change the assumptions and the number changes.
Every dollar of creator fees routed back into the furnace.
Creator earned: $244.81
Used for: PHLO buyback and burn
Remaining: 0
We used our own project to prove the mechanism works.
Phlogiston, so far:
6 firings. 44.49M PHLO burned. 4.449% of the original billion.
0.105 ETH turned into burns. 121 trades. 2.92 ETH volume.
The next firing is 1 minute away.
First 12 minutes of the furnace:
Firing 1 7.50M PHLO burned
Firing 2 7.36M PHLO burned
Firing 3 7.23M PHLO burned
Firing 4 7.10M PHLO burned
Total: 29.19M PHLO burned. 2.92% of supply. All in the same transactions as the buys.
The mechanism works.
The pot is held as ERC-6909 claims on the PoolManager.
Not in a vault contract. Not in a treasury multisig.
Settled on the same ledger the pool uses.
There is no path from the pot to a wallet. There is only a path to the next buy.
First test of the furnace.
We will route part of our own supply through the pool to accumulate the pot. The first ignite() will fire when the pot clears 0.0005 ETH, and the burn will happen in the same transaction as the buy.
Everything will be verifiable on Blockscout.
1/Phlogiston is a buyback-and-burn token on Robinhood Chain. It runs on a 180-second clock. Here is what happens on that clock.
2/Every swap of PHLO pays a 1% fee in ETH. The fee goes into a pot held by the contract itself. No one can withdraw it.
3/Every 180 seconds, anyone can call ignite(). The contract takes the entire pot, buys PHLO in one transaction, and burns every coin it just bought. Same block. Same tx.
4/If the pot is below 0.0005 ETH, the firing rolls over. If a firing would move the price more than 5%, the remainder waits for the next one. Supply drops in measured steps.
5/The contract has no owner. There is no staking, no claim, no multisig, no team wallet. Launch liquidity is locked in the hook forever.
6/Phlogiston is also a launchpad. Any coin launched here pays its fees to its own furnace 90% to its pot, 10% to PHLO. Every launched coin is given a flame-test color: strontium, copper, sodium, potassium, barium, lithium, caesium.
7/Every firing, every burn, every pot is on-chain and in the public ledger. Watch it light.
Phlogiston is live on Robinhood Chain mainnet.
Every swap pays 1% into the furnace. Every three minutes, the pot buys and burns.
No owner. No staking. No team wallet.
https://t.co/RnMUWsrDDK
Phlogiston is live.
A 1% fee on every swap goes into the furnace. Every 180 seconds, the entire pot becomes one buy and every coin bought is burned in the same transaction.
One supply. Minted once. Only direction is down.
CA: 0xb901d912bb00ad932c8917c775c8d05f55f54a47
Phlogiston.
A buyback-and-burn token on Robinhood Chain.
Every swap pays a 1% fee into the furnace. Every 180 seconds, the entire pot becomes one buy of PHLO and every coin it buys is burned in the same transaction.
No owner. No staking. No team wallet. No admin keys.
The contract was deployed once. It will remain exactly what it is.