💸 FIATxCRASH (FIAxCRASH) — Meme Coin Whitepaper

Status: Community Meme Coin • Experimental • Education-Focused

1) TL;DR

  • Ticker: FIATxCRASH

  • Blockchain: Solana

  • Contract Address: DSapS3W6ohaQuaVhctHLM8PZJKbHRJHynjEEhrS5jupx

  • Theme: Meme coin that burns its own supply when volatility spikes.

  • Signal: CBOE VIX Index and, more importantly, CBOE VIX Index futures (front-month / selected tenor).

  • Trigger: If VIX futures rise by ≥ 0.1% versus the prior reference snapshot, FIATVIX burns tokens.

  • Linkage: For each x% rise in VIX futures → burn (x / 2)% of token supply (subject to Developer Burn Reserve).

  • Burn Source: Developer Burn Reserve (DBR) wallet.

  • Timing: Randomized within the data update window (anti-front-running).

  • Goal: Represent risk-off stress and volatility expansion in programmable form — a symbolic hedge against volatility spikes.

2) Motivation & Meme

Markets don’t panic slowly. They gap. Liquidity disappears. Correlations go to one. Everyone suddenly “remembers” what downside feels like.

FIATxCRASH exists for that moment.

💸 When volatility spikes, FIATxCRASH burns — because fear is the real tax on portfolios.

It’s an educational tool and a market protest: translating volatility regime shifts into an on-chain, verifiable scarcity mechanic.

Asymmetric design:

  • Volatility up → burn

  • Volatility down → no burn

  • Flat → no change

3) Supply & Current State

  • Initial Supply (S₀): 1,000,000,000 FIATXCRASH

  • Mechanism: Burns executed from a Developer Burn Reserve (DBR) wallet.

  • As of deployment: ~1,000,000,000 FIATXCRASH (minus any test burns)

Current supply and burn events are verifiable on Solana explorer and the official FIATx dashboard.

4) Economic Intuition

Volatility expansion is the market’s emergency siren. It typically coincides with deleveraging, widening credit spreads, forced selling, and drawdowns.

FIATVIX makes that regime shift visible: when implied volatility (as expressed via VIX futures) rises, FIATVIX burns supply.

If supply falls while demand is constant:

Price ≈ Market Cap / Supply → increases.

Recurring burns compound scarcity over time, echoing how repeated volatility shocks can permanently reshape risk premiums.

5) Oracle & Market Signal

Tracked Indicators (Primary)

  • CBOE VIX Index futures (e.g., front-month VX; optionally a weighted basket across near tenors)

  • Optional: spot VIX, term structure slope (contango/backwardation), or realized vol proxies

Data Sources (Examples)

  • CBOE market data, regulated market data vendors, and/or aggregated off-chain feeds routed through an oracle layer.

Measurement Window

  • Percentage change between two reference snapshots (e.g., daily close-to-close, or defined observation windows).

Governance can select the target tenor(s) and measurement cadence through on-chain proposal.

6) Core Rule (Simple Version)

Let x% = latest percentage change in the selected VIX futures reference versus the prior reference.

  • Trigger: If x ≥ +0.1%, burn (x / 2)% of total supply (Sₜ).

  • Source of burn: Developer Burn Reserve (DBR).

  • Timing: Randomized execution within a defined window (e.g., 24–48h) after the reference update.

If x < +0.1%, no burn occurs.

7) Formal Burn Specification (Exact Version)

7.1 Definitions

  • (Fₜ): Selected VIX futures reference at observation t (e.g., front-month settlement)

  • (Fₜ₋₁): Selected VIX futures reference at prior observation

  • xₜ = 100 × (Fₜ / Fₜ₋₁ − 1)

  • Threshold (θ): +0.1%

  • (Sₜ): Total supply at time t

  • (Dₜ): Developer Burn Reserve balance at time t

7.2 Burn Fraction & Amount

[
f_t =
\begin{cases}
x_t / 200 & \text{if } x_t \ge \theta \
0 & \text{if } x_t < \theta
\end{cases}
]

  • Intended burn: B*ₜ = fₜ × Sₜ

  • Feasibility constraint: Bₜ = min(B*ₜ, Dₜ)

7.3 State Update

  • Sₜ⁺ = Sₜ − Bₜ

  • Dₜ⁺ = Dₜ − Bₜ

Burn fractions automatically scale down if DBR balance < 10% of total supply.

8) Execution Mechanics (on Solana)

  • Detection: Oracle monitors the chosen VIX futures reference snapshots (e.g., settlement or defined time window print).

  • Authorization: Multisig developer wallet executes burns.

  • Timing: Randomized burn windows to reduce predictable execution and minimize manipulation attempts.

  • Proof: Each burn includes a data snapshot reference, oracle signature (or equivalent attestation), and transaction hash.

9) Parameterization

ParameterValueDescriptionThreshold (θ)+0.1%Minimum VIX futures increase to trigger burnMapping1:22% rise in VIX futures → 1% burnData FrequencyConfigurableSettlement-based or time-window snapshotsSourceDeveloper Burn ReserveBurn-funded supply reductionTime StandardUTCConsistent reference timing

10) Tokenomics

  • Initial Supply: 1,000,000,000 FIATXCRASH

  • Chain: Solana (SPL Token Standard)

  • Contract: DSapS3W6ohaQuaVhctHLM8PZJKbHRJHynjEEhrS5jupx

Suggested Allocation Template

Allocation%PurposeDeveloper Burn Reserve (DBR)20%Burn sourceLiquidity & Market Making15–25%Exchange stabilityTreasury (ops, analytics, education)5–10%Data/oracle + education infraCommunity (airdrops, memes)0–5%Awareness & engagement

DBR is non-transferable except for burn. No minting. No inflation. Only destruction by design.

10.1 Developer Holdings & Burn Dynamics

All burns originate from DBR. As DBR depletes, burn intensity scales back — mirroring how volatility shocks can be violent but episodic, and how hedging capacity is finite.

11) Example

If the selected VIX futures reference rises from 18.0 → 19.8:

  • Change: x = 100 × (19.8 / 18.0 − 1) = 10.0%

  • Burn fraction: (10.0 / 2)% = 5.0%

  • If supply S = 600,000,000 → Burn = 30,000,000 FIATXCRASH (subject to DBR balance)

New Supply: 570,000,000 FIATXCRASH

Every vol spike leaves a scar on-chain.

12) Chain & Contract (Solana)

  • Standard: SPL Token

  • Program: Custom burn logic + DBR wallet controls

  • Oracle Integration: VIX futures reference feed(s) + attestation layer

  • Contract Address: TBA post-deployment

13) Transparency

Dashboard displays:

  • Latest VIX futures reference values and timestamping basis

  • Total supply

  • DBR balance

  • Burn history + TX hashes

All burns fully verifiable on-chain.

14) Educational Focus

FIATVIX turns market structure into a meme-powered classroom. Users learn about:

  • 📈 Volatility Regimes: calm vs crisis, clustering, and reflexivity

  • 🧮 Implied vs Realized: what VIX represents and what it does not

  • 🧾 Futures Term Structure: contango/backwardation and why it matters

  • 📉 Risk-Off Mechanics: correlation spikes, deleveraging, liquidity gaps

  • 🛡️ Hedging Concepts: convexity, carry, and the cost of protection

Each burn is a lesson in fear premiums and the mechanics of market stress.

15) Philosophy

Volatility is the market’s truth serum. It reveals leverage, fragility, and the hidden costs of “easy” returns.

💸 When volatility rises, FIATXCRASH burns — because panic always has a price.

It’s not a hedge product. It’s a mirror — one that makes stress visible, measurable, and permanently recorded.

16) Disclaimer

FIATXCRASH is an educational, experimental meme coin. Not financial advice. Not an investment. No promises of profits, liquidity, or continuity.

Participation may result in total loss. DYOR. Follow your local laws.