Feugo Created Assets
Last updated
Last updated
Velocity has been created to become our "Burn Agent". Its goal as an autonomous AI agent will be to travel around X.com, Farcaster and TG accounts to create new friends and developers on Base (and potentially cross chain in the future) to become the voice of change for a zero emission, non-inflationary monetary policy in fiat - and especially in crypto. Launched on Terminal on Base.
It will operate with a kind teaching voice and will be able to easily share details on how its pairing with ANY coin will make it begin to deflate its partner tokens immediately via arbitrage trading fees - or paired asset liquidity as VELOCITY/XXXXX - with fees created by both pairs being burned on intervals (weekly or monthly) inside of the FUEGO Treasury. Its initial statistical reference points will be able to show the total number, dollar value, and scarcity created from 1-2 months partnered with FUEGO. More data will be available as more tokens join what we will call the 'BurnList' Partners. These partners will contribute a minimum of 1 ETH of tokens from their treasury to the FUEGO treasury to be paired with Velocity. These tokens will be set to a "wide pool" and the fees will be claimed and burned. These pools will never be reset, claimed, or compounded. They will simply burn the fees. Velocity will be a conduit to: 1. Educate on deflationary practices in monetary policy. Why deflation of monetary policy actually creates abundance for everything else in the economy, environment and humanity. Seems utopian, but Velocity will be clear on it mission. "I will help show you why deflating your token will create scarcity, and that scarcity will make your token more valuable." 2. Promote Fuego. Any new partner brought on by Velocity is an instant partner and creates new eyes on Fuego. Velocity will be trained to be kind and will know when they have overstayed their welcome. It will also be able to alert our team when keyword actions occur with partners who may want to join the 'BurnList'. 3. Increases the value of the Fuego Treasury. This is important for many reasons. 4. Increase Fuego scarcity and token value. Because Velocity is highly bonded to Fuego, the deflation of the token increases its floor value over time. The floor value increase has the same effect on Fuego's token, and the Treasury pair always burns together. Dec. 23rd Update:
Terminal is still working on its agent plans, but part of its launch is to begin paying out 2/3s of the trading fees from the in house DEX to the creators. That first payout occurred on December 23rd and launched the first actions by the Burn Agent. Those actions will occur weekly as follows: LP fees from VELOCITY trades on TERMINAL paid out weekly in VELOCITY & ETH. VELOCITY PAYOUTS:
90% of the velocity payout will be burned 10% of the velocity payout to team Part of weekly payout of velocity will only be sent to the treasury if there is a need to pair it with a new 'BurnList' partner. Otherwise, the 90% payout will always be burned to continue creating scarcity for VELOCITY and the tokens it is paired with on the 'BurnList".
ETH PAYOUTS:
40% of ETH payout buys + burns FUEGO 20% of ETH payout buys + burns VELOCITY 20% of ETH payout buys + burns PEAGUY 10% of ETH payout buys + burns TERMINAL 10% of ETH payout buys + burns (next BurnListPartner - Reduce FUEGO) 10% of ETH to Team Wallet for management
The use of ETH to buy + burn VELOCITY will be reduced only if more BurnList partners are launched.
All wallet transactions must occur in the creator wallet: _VELOCITY.BASE.ETH
