Buyback and burn
Every trade of $DIME pays a creator fee, and all of it buys $DIME back and burns it. Four steps, one a day, and every one of them lands on chain where you can read it.
Nothing has burned yet. $DIME has no mint, so the fee tally reads zero and there is nothing to burn. The first burn lands on this page with its signature the moment it runs.
Fee in, coins out
The loop runs once a day and only ever moves in one direction. Nothing about it is a promise about price; it is a promise about where the fee goes.
- 01
The fee accrues
Every trade of $DIME pays a creator fee. Meteora DBC credits it in SOL to the pool's creator, which for this coin is the burn authority.
- 02
It gets claimed
Once a day the fee is claimed out of the pool into the buy wallet. The figure Meteora DBC reports and the figure here are the same number.
- 03
It buys the coin back
All of it buys $DIME on the open market. The coins land in the burn authority's token account, not in a treasury.
- 04
It burns
The burn authority has one instruction and it is SPL burn. The coins stop existing and the supply figure drops; nobody has to be trusted not to spend them.
Every burn
No burns yet. The first one shows here the moment it lands, with the signature next to it.
Check it yourself
- $DIME mint
- FSa4cB48XsQN1WvvZf8uZcuM3PXLeRzYnPjCv5nTpump · reserved, not created yet
- Burn authority
- launching soon
- How the coins go
- SPL Token burn, so supply drops and nothing is held
- Chain
- Solana mainnet-beta
There is no dead address in this design and there does not need to be one. Burning on Solana destroys the tokens and reduces the mint’s supply, so the claim is readable off the mint rather than off a balance somebody swears they cannot move.
Open Solscan