The Burn

Some people just want to watch the world burn.

A key feature of our token economics is that at all points, our Treasury will be actively buying back and burning tokens. As we’re successful and our Treasury increases, this burning will begin to accelerate at an ever compounding rate.

We are grateful for the advancements of our DeFi predecessors but (3,3) we are not.

Our token burn mechanics represent an experiment with a different hypothesis of how a game theory can play out. We believe, for our purposes, the way to encourage long-term holding and participation is not by rebased tokens and infinite inflation. Rather, we'll seek to use the burn to continually increase the barrier to entry/re-entry thus rewarding long-term members with increasing pro-rata shares of governance power.

We invite you to dump our token if you’d like—it will simply depress the price, further accelerating the buy-backs, creating scarcity and increasing future opportunity for longer horizon holders. It’s a real Chinese finger trap. Even a small dip in our token price from launch will result in large numbers of tokens being burned per month early on.

Alternatively, the DAO could opt to reinvest treasury funds at a higher rate, increasing compounding and hastening the day when the Treasury will be throwing off seven figures monthly and creating massive incentives to sell.

At a terminal state, we will arrive at some finite set of token holders who have withstood massive buying pressure. Human nature will be tested. They’ll have the choice to work cooperatively or fragment into coalitions to game the very governance protocols they help author, driving other members to sell. Ultimately, the last remaining holders will be rewarded with the power to determine how to carry on our mission and utilize the Treasury. Whether that gets used for the greater good or selfish purposes, the choice will be theirs.

A delightful game indeed. We hope you enjoy.