$LOT burn

$LOT is a plain launch whose own creator rewards fund development and audits. Every other coin on LOT sends 20% of its fresh fees to the burner for its pair asset. Each burner auctions what it holds for $LOT every five minutes and burns the winning bid. $LOT has not launched yet. It will be announced on @lotfamily and shown here first. The 20% is already being collected below and goes on the block the moment the real one is bound.

Never auctionedAccumulating until $LOT launches

$LOT burned—not launched

Collected$0.00across 0 pair assets

Waiting$0.00waiting for $LOT

Houses feeding0every house sends 20%

Burners

One per pair asset · pick one to bid

Pair assetWaitingCollected$LOT burnedStatus

No burner has opened yet. The first house on a pair asset opens its burner.

Burn auction

no burner yet

Burners are unbound until $LOT exists. They accept the 20% from every house from day one; the moment the official coin is bound, each one opens a five-minute auction for what it holds.

Burn history

Every burner hammer

WinnerPot won$LOT burnedBountyWhen

Burns start when $LOT launches.

$LOT

The official coin

mint · not launched@lotfamily ↗

Why an auction

not a swap

A burner holds a dozen different assets — stocks, majors, memes. Swapping them into $LOT unattended would need an oracle and a router for each, and every swap could be sandwiched. An open auction needs neither: bidders name the price in $LOT, and the winning bid burns. Litepaper, the burn