The platform token launched on the platform, with no head start.
SLYNG was a fair launch: no allocation, no presale and no team tranche. It went on the same bonding curve as every other coin, its creator is time gated like every other creator, and its liquidity locks through the same contract when it graduates. If the launchpad is unfair, SLYNG is the first thing it is unfair to.
- SLYNG burned
- — SLYNG
- Next burn
- —
- Buyback reserve, waiting
- —
Balance of the burn address, read live from the chain.
Burns start the day the burner is named. Every ten minutes from then on.
Accrued from every trade so far. Payable only to the burner, which has not been named yet, so it cannot move.
How it launched
These were not SLYNG's terms. They are the standard shape of every coin on the platform, and SLYNG got them because there was no mechanism to give it anything else.
Fixed at mint. No mint function exists afterwards.
All of it. Nothing is withheld, so everyone buys from the same curve at the same price.
The raise is paired with exactly enough coins to open the pool where the curve closed, then locked forever.
There is no allocation parameter to set.
constant in the launchpad and immutable in the coin. There is no split to set: all of it goes on the curve.Where the buyback money comes from
Every trade on a Slyng curve pays a 1% fee, split in the same transaction by constants. 30% of it goes to the protocol, where it is used to buy SLYNG back and burn it. After a coin graduates the rate stays at 1%, the split changes, and the buyback keeps being funded. So does the coin's creator: half of that 1% is theirs, for as long as the coin trades.
The same rate the incumbent's coins pay forever — except half of it is the coin's creator's, and it does not stop when their coin succeeds.
The creator's share is taken by the swap hook rather than out of the pool's 0.30%, and that is deliberate: a share of the pool falls every time somebody else adds liquidity, and a share of the swap does not. They claim it with the same call they use for curve fees.
Nobody can reach the reserve
Enforced by the contractThe buyback share is payable to exactly one address, and that address is empty at deploy. Until it is set, the withdrawal reverts and the money simply accumulates in the launchpad — unspendable by anyone, including us. It can be set once, and never again.
The alternative — sweep it to a treasury now and promise to buy back later — is precisely the promise this project refuses to make.
When it runs is ours
Our policy, not a guaranteeWhat the burner does is fixed in its bytecode: it can only turn what it is sent into SLYNG, send that SLYNG to the burn address, and spend no more per buy than moves the price about two percent. It has no owner, so nobody can change that, including us. When it runs is not a contract guarantee: a scheduled job of ours calls it every ten minutes. If that job stopped, the reserve would wait in the burner untouched, and anyone could call it themselves, because the call is open to everyone.
The rug protections and the burn itself are enforced in bytecode. The schedule is not, and we will not describe it as if it were.
What SLYNG actually does
One mechanism. Earlier drafts of this model listed three, and the other two are gone from this page because they were not true — see below.
Buyback and burn
Enforced by the contractBuilt and tested · being named on mainnetA fixed slice of everything traded on a curve, and of every swap in a graduated pool, accrues to a reserve that can only ever be paid to one address — and that address is empty, settable once, and unreachable by anyone until it is set. That part is written into the contract, not into a policy: there is no function that would let anyone spend it, so it has been true since the block the launchpad was deployed in. The burner itself is the contract that spends the reserve on SLYNG and destroys it. The launchpad names it once, and from then on it buys on SLYNG's curve until it graduates and on its pool after, so the burn starts with the first trade rather than waiting for graduation. Every asset the reserve is held in is routed into ETH first; where an asset has no real on-chain market yet, that share simply waits, unreachable, until one exists. Burns run every ten minutes, on the clock, and the counter above counts down to each one. Each burn spends only as much as moves the price about two percent, and the rest waits ten minutes for the next, so a large reserve is spent in many small buys rather than one. That cap is what makes a public clock safe to publish: a trade that front-runs a two-percent move pays a one-percent fee on each of its own two legs, which is roughly all it could ever take.
What it does not do, and will not
This is not a decision we could reverse later. The 1% fee is a constant in the launchpad, applied identically to every trade. There is no per-address fee path, no setter, and no proxy — we could not give you a discount if we wanted to. Promising one would mean promising to redeploy the launchpad, which would mean giving up the immutability that is the entire product.
Promoted slots do exist — anyone can pay to put a coin in the wheel on Discover. They are priced in dollars and paid in ETH, straight to the treasury, and an earlier version of this model said they would be paid in SLYNG. They are not, so they give SLYNG no demand and are not a reason to hold it.
Nothing pays you for holding it, and nothing is going to. That has been the position since the model was first written down and it has not moved.
One mechanism, stated plainly
SLYNG has the buyback and nothing else committed. We would rather say that in one sentence than list features that do not exist — and anything we add later will be built first and described afterwards, in that order.
One disclosure we would rather make ourselves: a buyback funded by a fixed percentage of trading fees does not pay holders directly, but it does convert protocol revenue into token value on a schedule, and every holder benefits in proportion to their bag without doing anything. That is economically nearer to revenue share than the mechanics make it sound. The distinction is a legal argument rather than an economic one, and we would rather say so here than lean on it.
Where the project actually is
Every step, in order, with a status that only says done when it is. SLYNG's launch and its burner are on it, after the launchpad's own steps.
The launchpad came first. SLYNG launched on it afterwards, on the same curve as everyone else's coin.