Being an account of the $TSTR token, whose creator fees are put to one use only: the strategic buy-back of the Tulip Coin and the burning of every coin so bought.
$TSTR is a token that earns a creator fee on every trade. The fee does not go to a team, a treasury or a marketing wallet. It goes to market, buys the Tulip Coin, and sends what it bought to the burn address. Then it does it again.
Buy-backs are strategic: they are made when the fee wallet is full enough to matter and when the market is thin enough to feel it. Burns are not strategic: everything bought is burned, every time, and the transaction is written into the ledger below.
An engraving of the loop, not a feed. The real loop is on the ledger, folio III.
A strategy in the sense a bookkeeper would use it. Money comes in on one side, tulips go out on the other, and the book is kept where anyone can read it.
Every buy and sell of $TSTR pays the launchpad's creator fee. That fee lands in one public wallet, the fee jar. Nothing else ever lands there and nothing leaves it except for entry II.
When the jar covers a buy worth making, it is emptied into the Tulip Coin's market. Timing is the only discretion in the whole scheme: a buy is placed where it moves the price most for the money, and it is announced afterwards, never before.
The full amount of Tulip Coin from entry II is sent to the burn address in the same sitting. None is held, staked, sold or given away. The buy transaction and the burn transaction are posted together on the ledger.
| Debit — fees received into the jar | + fee |
| Credit — fees paid out at the bourse | − fee |
| Debit — Tulip Coin received | + tulips |
| Credit — Tulip Coin sent to the burn address | − tulips |
| Balance carried forward | 0 · ash |
Every cycle closes at zero. A jar that holds fees is a jar between cycles, nothing more.
| When to buy | strategic |
| How much to buy | all of the jar |
| Whether to burn | always |
| How much to burn | all of the buy |
| Fees kept by anyone | none |
The word "strategy" covers timing and nothing else. The parts that could be abused are the parts with no discretion in them.
The only part of this page that is a record. Each row is one cycle of the strategy with both transactions linked. If a burn is not on this page, it did not happen.
| No. | Date | Fees spent | Tulip Coin bought | Burned | Buy tx | Burn tx |
|---|---|---|---|---|---|---|
| No entries yet · the first cycle is posted when the fee jar covers a buy worth making | ||||||
| Carried forward | 0.00 | 0 | 0 | |||
A picture of the Tulip Coin's supply. Each bed is one hundredth of it. When the ledger shows a hundredth burned, a bed is drawn as ash. At launch the whole field stands.
The button burns three beds for a few seconds and then puts them back. It is a demonstration of the drawing, not a burn. Only the ledger in folio III can change this field for good.
Three numbers in, four numbers out. This is the arithmetic of the strategy at whatever figures you care to type, and it is not a forecast of any of them.
In the winter of 1636 the Dutch were trading tulip bulbs that were still in the ground, on paper, in taverns, at prices that in the first days of February 1637 reached the value of a good house on a canal. Then one auction in Haarlem drew no bids, and by the end of the month the paper was worth what paper is worth.
That strategy had a fee too. It went to the tavern-keepers. Nobody burned anything.
The last tulip strategy peaked on the third of February. This one has a brazier.Folio VI · moral
| Name | Tulip Strategy |
| Ticker | $TSTR |
| Chain | ▼▼ SWAP — chain |
| Launchpad | ▼▼ SWAP — launchpad |
| Supply | 1,000,000,000 ▼▼ VERIFY |
| Creator fee | ▼▼ VERIFY — % per trade |
| Fee paid in | ▼▼ SWAP — asset |
| Use of fees | 100% → Tulip Coin buy-back → burn |
| Team allocation | 0 |
| Mint | revoked ▼▼ VERIFY |
▼▼ SWAP — contract address after launch
▼▼ SWAP — fee wallet address
| Name | Tulip Coin |
| Ticker | ▼▼ SWAP — Tulip Coin ticker |
| Chain | ▼▼ SWAP — chain |
| Supply | ▼▼ VERIFY — supply |
| Contract | ▼▼ SWAP — Tulip Coin contract |
| Burn address | ▼▼ SWAP — chain's dead address |
| Relation to $TSTR | none on-chain. $TSTR buys it on the open market like anyone else. |
Copy the contract from the launch page and compare it here character by character. A wrong address on a page like this is the oldest trick there is.
Every trade of $TSTR is a fee, every fee is a tulip, and every tulip burns.