Someone trades
Any buy or sell on the coin's own curve, from anyone.
Reading the chain
The flywheel
Every trade pays fees in real stock. The coin's Furnace claims them, spends part of it buying the coin back and burning it, and keeps the rest as stock. Trade more, burn more, hold more stock.
—coins lit
—trades indexed
—already burning
The loop
Five stops, and nobody has to be trusted at any of them.
Fees peel off as stock
Pons takes 1%, the creator tax rides on top, and on a stock-paired coin it arrives as the stock itself.
The Furnace claims them
One permissionless call. No operator, no key, no waiting on us.
The autoburn buys and burns
Its share buys the coin on its own curve and sends what it buys to the dead address.
Supply down, stock up
Fewer coins, more stock behind each one. Which is a reason to trade it. Round again.
Live
Straight from the chain. Each coin holds its own stock, so those are never added together: NVDA plus SPY is not a number.
Reading the chain…
Spin it yourself
A what-if, not a promise: arithmetic on the numbers you pick below. The real figures are the live ones above.
If a coin trades248
units of its stock a day
0.125,000
with an autoburn of30%
At Pons's 1% curve fee plus a 1% creator tax, about 1.7% of volume reaches the Furnace. The split below is the one Firepad's own launches use: 10% to the launcher, the autoburn, and the rest kept as stock.
Fees into the Furnace
a day4.22
a month127
a year1,542
Bought back and burned
a day1.27
a month38.02
a year463
Kept as stock
a day2.53
a month76.04
a year925