Mechanism
What happens when somebody posts
A coin launched here charges 4% on its own trades and spends it on one thing: buying itself back. What decides the moment is a thesis on fomo, published somewhere neither we nor the creator can reach.
The mechanism
How a thesis becomes a bid
Nobody has to run it, fund it, or remember it. The fee is charged on chain, the trigger is published somewhere we do not control, and the only thing a coin can do with what it earns is put it back into its own market.
- 01
Every trade pays in
4% comes off the quote leg of every buy and every sell, the same on every coin here. It lands in a wallet only this coin can draw on.
- 02
A thesis fires it
Somebody posts the case for the coin on fomo. The engine reads the feed, sees a post it has not answered, and goes — past the cooldown, without waiting on the clock.
- 03
It buys, and the float shrinks
The budget goes in as a market buy, clipped so it cannot move the price past the engine’s cap, and what it buys is destroyed.
One pass, end to end
The keeper is the only moving part. Every pass it walks the same four steps for every coin it holds a key for, and every step is a transaction somebody can go and look at.
- 01
Sweep
Fees accrue where the coin trades — on its bonding curve before it graduates, on the Uniswap hook afterwards. A sweep moves them into the Pons escrow.
- 02
Claim
The escrow pays out to whoever calls it, and the only address that can call it for this coin is this coin's own vault. The money lands where nothing else can spend it.
- 03
Read
The feed is pulled for this coin. A thesis the engine has not seen before is recorded against it, keyed on a hash of who wrote it, when, and what it said.
- 04
Snowball
If a thesis is standing unanswered, the coin buys itself at whatever venue it currently trades on and sends everything it bought to the burn address. The thesis is stamped with that transaction.
The obvious questions
- What stops somebody spamming theses to pump their own coin?
- The budget. A snowball can only ever spend fees the coin has already earned, so a hundred posts on a coin nobody trades buy exactly as much as one post does: nothing. Posting harder does not create money, it only spends what trading produced, sooner. The impact cap bounds each one at 2% of the venue’s reserve on top of that.
- Why does it matter that theses live on fomo and not here?
- Because we cannot write one. If the trigger lived on this site, a creator with an account — or us with a database — could manufacture it, and the whole mechanism would be theatre. The event that moves the coin is published in an app we do not own by people who do not work for us, which is the only version of this that means anything.
- What happens when nobody is talking about it?
- It still buys. A 20m clock runs underneath the trigger, so a coin earning fees in silence deploys them on schedule rather than hoarding them. The thesis is what pulls a buy forward; the clock is what guarantees one.
- Can the creator turn it off, or take the fees?
- No. The fee rate and the address it is paid to are written into the token’s record on chain at creation, in the same transaction that creates the coin, and pons offers no way to change either afterwards. The recipient is a wallet derived for that coin alone.
- Can you turn it off?
- We run the keeper, so we can stop it running — and if we did, the fees would sit in each coin’s vault untouched rather than coming to us, because that is the only address they can be paid to. What we cannot do is redirect them, spend one coin’s fees on another, or change what the engine does with them when it runs.
- Does a buyback put a floor under the price?
- No, and anybody telling you otherwise is selling something. A coin can only spend what it earned in fees. On a quiet coin that is a small number, and a small buy into a falling market is a small buy into a falling market. What the mechanism changes is who ends up holding the supply, and when the buying happens.
Every gate, weight and figure the engine uses is published, along with the reasoning for each one.