Daily TAD Spotlight #6: Incinerator

TAD is a memecoin, but we have many strong proponents of deflationary assets and for them we have created the Incinerator. It may sound menacing, but we assure you it is just as threatening as the name suggests. Its sole purpose is to burn TAD in the most aggressive way possible.

Burn ETH or TAD and if burning ETH, the Incinerator will swap a couple times between TAD and ETH, ending in TAD before burning it all. This generates volume and results in a net buy on TAD. The burning also ties into the leaderboard by giving out XP at a much higher rate than simply trading and incentivizing the burning of ETH rather than TAD through the following formulas:
XP Earned = Burned ETH x log(Burned ETH + 1) x 10
XP Earned = Burned TAD x log(Burned TAD + 1) x 8

Thus burning ETH gives out 10 times the XP swapping the same amount does, while burning TAD gives out 8 times as much XP. So far over 1.35% of the total TAD supply has been burned and that share can only increase with time.

TAD is the iconic tadpole of Base, with the mission to bring the best community onchain forever.

https://tadpole.lol

Yessir! More was burned between the time I drafted the cast and when it was posted! In fact, lots of burns have happened since and we are now at 2.27%!

I like pleasure spiked with blockchain and music is my aeroplane. It's my aeroplane. /pizzadao underboss and /pixelwooks co-lead. Featured in "Number Go Up" 📖