Scotia / $SCOTIA
One billion, minted once.
Nothing is minted after that. The only thing that ever changes the supply again is the burn, and the burn is paid for by people taking tokens out of the pool.
The cycle
- Somebody takes tokens out of the pool.
- A small fixed fraction of that stays behind.
- Anyone presses the button. It spends what has piled up on SCOTIA.
- Everything it buys is burned, and the reading at that moment goes in the log.
That is the whole of it. No staking, no emissions, no points, nothing to lock. It gets smaller when the protocol is used, and otherwise it does nothing.
At the open
| supply | 1,000,000,000 |
| pool | Uniswap v3, 1%, against WETH |
| liquidity | the whole float, one sided |
| fee at the open | 20% / 20% |
| fee after 60 s | nothing |
| max wallet | 2%, for 60 s |
| fee on an exit | — |
The sixty seconds start at the first trade, not at launch, and they end on their own. Nobody has to lift anything, and there is no button that could.
The sink
anyone can press itTwo buttons, and neither asks you for a number. convert sells a book's collected fees for USDG. attenuate takes everything the sink holds, buys SCOTIA with it, and burns it.
Fees waiting
| book | waiting |
|---|---|
| — | |
It pays an average price
The lowest price it will accept comes from the pool's own three-minute average, never from whatever the last trade in the block left behind.
It spends slowly
There is a limit per block, not per press — one block can hold a hundred presses. That is what keeps the prize smaller than the cost of going after it.
You choose nothing
You cannot tell it where to trade or how much. It uses a Uniswap pool it looked up itself, and the approval it gives is for that one swap.
Contracts
—| what | address |
|---|---|
| token | — |
| pool | — |
| shielded pool | — |
| sink | — |
| lens | — |