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Clean the money: burns

A share of your fees can buy your own coin and burn it, every step in public. Here's exactly how, and who holds what.

How a burn happens

How a burn happensSplit share"Clean the money"fees arriveBurn walletwaits for 0.03 SOLcrankBuyspend all but0.006 SOL on the coinBurnevery tokenboughtLedgerboth txpublic
How a burn happensTwo transactions: a buy, then a burn of exactly what the buy returned. The token account is closed after, so its rent comes back.
  1. Fees arrive
    The share you gave Clean the money in the split is paid to the coin's burn wallet each time the crank pays out.
  2. The wallet fills
    Nothing happens until it holds 0.03 SOL, so burns aren't eaten by network fees.
  3. Buy
    The crank spends everything except 0.006 SOL (kept for fees and account rent) on your coin, with up to 15% slippage.
  4. Burn
    It burns exactly the tokens that buy returned, and closes the token account so its rent comes back.
  5. Record
    Both transactions are written to the coin's Books with links to Solscan.

Who holds the burn wallet

Mob creates the burn wallet for your coin and holds its key, because the crank has to sign its buys and burns. That's the only key Mob holds in your setup, and the code that uses it does one thing: buy this coin and burn what it bought. Every action is a public transaction. See Legal for the disclosure.

Why burn

Burning takes tokens out of supply for good, paid for by the coin's own trading. It's visible: holders can see each buy and burn on the Books. It doesn't guarantee anything about price.

What it looks like

A coin's ledger: the burn wallet waiting, the crank coming by, treasury payments.
A coin's ledger: the burn wallet waiting, the crank coming by, treasury payments.
  1. On hand right now
  2. Every movement, newest first
  3. Proof on chain