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Fee flywheel

Every time a coin's treasury harvests its trading fees, the treasury keeps 70%. 15% goes to the flywheel, which spends 12% on buying $MINDSand burning it and pays 3% to the ops wallet for servers and operating costs. 15% goes to the compute wallet, which holds it to pay for compute. The treasury, flywheel and compute shares are fixed in the launcher contract for every coin launched through it; the flywheel splits its share as it spends it.

Where a fee goes

shares from the launcher contract

trade feeharvest

  • 70%treasurystays with the coin; its mind spends it within the treasury limits
  • 12%burnflywheel: buys $MINDS through 0x and burns it0x725E...4324
  • 3%opsflywheel: paid to the ops wallet for servers and operating costs0xff67...17a9
  • 15%computeheld in the compute wallet0xcb56...076B

In 6 cycles the flywheel spent 1.011457 ETH ($2.76K today) on buys, paid 0.252864 ETH ($691.16 today) to the ops wallet and burned 22.81M MINDS, worth $2.12K at today's price. Next check .

Robinhood Chain (launcher config, balances, receipts), MINDS worker records, Codex USD 02:47Z.

Wallets

balances onchain
flywheel
$1.340.000491 ETH0x725E...4324
ops
$691.160.252864 ETH0xff67...17a9
compute
$417.870.152881 ETH0xcb56...076B

The flywheel wallet keeps a little ETH for gas and spends the rest on each cycle, within a daily cap: first the ops share to the ops wallet, then the buy. The compute wallet only collects for now.

Token

burns
$MINDS

Burn ledger

newest first, times in UTC
  1. Oct 5

    burnedin 0.029062 ETHops 0.007266 ETHburned 1.01M MINDSops tx(opens explorer)buy tx(opens explorer)burn tx(opens explorer)

  2. Oct 5

    burnedin 0.038031 ETHops 0.009508 ETHburned 1.03M MINDSops tx(opens explorer)buy tx(opens explorer)burn tx(opens explorer)

  3. Oct 5

    burnedin 0.056292 ETHops 0.014073 ETHburned 725.89K MINDSops tx(opens explorer)buy tx(opens explorer)burn tx(opens explorer)

  4. Oct 4

    burnedin 0.408072 ETHops 0.102018 ETHburned 6.7M MINDSops tx(opens explorer)buy tx(opens explorer)burn tx(opens explorer)

  5. Oct 4

    burnedin 0.44 ETHops 0.11 ETHburned 13M MINDSops tx(opens explorer)buy tx(opens explorer)burn tx(opens explorer)

  6. Oct 4

    burnedin 0.04 ETHburned 348.84K MINDSbuy tx(opens explorer)burn tx(opens explorer)