Going up.
Every floor of this building is a market cap, 50K apart. Fees ride in the shaft. The first time $LIFT reaches a new floor, the bell rings, the doors open, and everything in the shaft buys back $LIFT and burns it.
Floor directory.
Twenty floors to the penthouse at a 1M cap. Each floor rings once, the first time $LIFT reaches it. After the penthouse, a new floor every 100K.
— LIFT · DIRECTORY —
FOR
SERVICE
Passenger lift, $LIFT
Robinhood Chain · capacity: unlimited · floors 1 to 20 at 50K market cap each
- Every trade of $LIFT on Pons, buy or sell, sends 2% into the shaft.
- A floor is reached when the market cap closes a full minute at or above its mark. Floor 1 is 50K, floor 2 is 100K, and so on up to 1M.
- On reaching a floor for the first time, the bot spends everything in the shaft buying $LIFT and sends it to the dead address.
- Each floor rings once. If the price falls and climbs back, nothing happens until the next unlit floor.
- Every ding is one transaction anyone can check. Nobody can withdraw from the shaft, ourselves included.
Where the 2% goes.
Into the shaft
Taken from every trade and held by the lift's own wallet while it rides.
On a new floor
The whole balance market-buys $LIFT in one transaction, the moment a new floor is confirmed.
Gone for good
Every token bought on a ding is burned. Supply only goes down as the lift goes up.
Questions on the way up.
Why burn only on new floors?
So the fund builds up between floors and lands in one big buy at the moment people are watching, instead of trickling out unnoticed.
What happens if the price drops?
The lift waits. Fees keep collecting in the shaft, and the next unlit floor gets everything collected in the meantime.
What happens at the penthouse?
Floor 20 is 1M. Past it, the building adds a new floor every 100K and keeps going.
Why a full minute above the mark?
So one large buy can't ring a floor and get sold into straight after. The cap has to hold.
Can anyone take the shaft money?
No. The bot can only buy $LIFT and send it to the dead address. There is no withdraw function.
What if the shaft is empty at a new floor?
The bell still rings, there is just nothing to buy. The floor counts as reached and the lift moves on to the next one.
Mind the gap.
Going up.
That is the whole building: one rule per floor, all the way to the penthouse.