🪙 FIATxCrypto (FIATXCRYPTO) — Meme Coin Whitepaper

Status: Community Meme Coin • Experimental • Education-Focused

1) TL;DR

  • Ticker: FIATXCRYPTO

  • Blockchain: Solana

  • Contract Address: (TBD — published post-deployment)

  • Theme: Meme coin that burns its own supply when the benchmark crypto index declines.

  • Signal: XBTXETMC Bloomberg Bitcoin Ethereum Market-Cap Weighted Index.

  • Trigger: If XBTXETMC drops by ≥ 1% over the observation window, FIATXCRYPTO burns tokens.

  • Linkage (1:2): For each x% decrease in XBTXETMC → burn (x / 2)% of total supply (subject to Developer Burn Reserve).

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

  • Timing: Random intra-day burns to reduce predictability and deter front-running.

  • Goal: A symbolic hedge against crypto drawdowns and an educational mirror of market cycles, beta concentration (BTC/ETH), and risk contagion.

2) Motivation & Meme

Crypto rises on narratives and falls on liquidation. Every bull ends in euphoria — every bear ends in margin calls.

FIATxCrypto is the meme that acknowledges this truth:

🪙 When the benchmark bleeds, FIATxCrypto burns — because beta is brutal.

It’s a living metaphor for systemic risk in decentralized markets — a self-burning reminder that volatility is the price of freedom.

Asymmetric Design:

  • Index down → burn (symbolic collapse)

  • Index up → no burn

  • Flat → no change

3) Supply & Current State

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

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

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

All burns and current supply can be verified on-chain via Solana Explorer and the FIATX dashboard.

4) Economic Intuition

Crypto markets are cyclical — and BTC/ETH often dominate the direction of “crypto beta.”

FIATxCrypto internalizes that rhythm: when XBTXETMC falls, the token self-destructs proportionally.

If supply contracts while demand persists:
Price ≈ Market Cap / Supply → increases.

With a 1:2 burn mapping, drawdowns translate into meaningful, but not catastrophic, supply contraction — emphasizing education and longevity over hyper-reflexive collapse.

5) Oracle & Market Signal

Tracked Metric

  • XBTXETMC Bloomberg Bitcoin Ethereum Market-Cap Weighted Index

Data Source

  • Bloomberg index level via approved market data vendors and off-chain oracle feeds.

Measurement Window

  • Observation-window % change (e.g., daily close-to-close or defined UTC snapshots) compared to the prior observation.

Governance may adjust observation timing, oracle providers, or thresholds via on-chain proposals.

6) Core Rule (Simple Version)

Let x% = % change in XBTXETMC over the observation window.

  • Trigger: If x ≤ −1.0%, burn (|x| / 2)% of total supply.

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

  • Timing: Randomized execution within 24h after trigger.

If x > −1.0%, no burn occurs.

7) Formal Burn Specification (Exact Version)

7.1 Definitions

  • (Iₜ): XBTXETMC index level at observation t

  • (Iₜ₋₁): XBTXETMC index level at prior observation

  • xₜ = 100 × (Iₜ / Iₜ₋₁ − 1)

  • Threshold (θ = −1.0%)

  • (Sₜ): Token supply

  • (Dₜ): Developer Burn Reserve

7.2 Burn Fraction & Amount (1:2)

[
f_t =
\begin{cases}
|x_t| / 200 & \text{if } x_t \le \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

Burns scale down automatically if DBR balance falls below 10% of supply, with proportional capping based on DBR availability.

8) Execution Mechanics (on Solana)

  • Detection: Off-chain oracle calculates xₜ per observation window from XBTXETMC reference values.

  • Authorization: Multisig developer wallet executes burns.

  • Timing: Randomized intervals for anti-front-running and reduced predictability.

  • Proof: Each burn includes oracle-attested data (Iₜ, Iₜ₋₁, xₜ) and transaction hash.

9) Parameterization

ParameterValueDescriptionThreshold (θ)−1.0%Minimum index drop to trigger burnMapping1:22% drop → 1% burnFrequencyConfigurablePer defined observation windowData SourceBloomberg / oracleXBTXETMC reference feedBurn SourceDeveloper Burn Reserve20% initial allocation

10) Tokenomics

  • Initial Supply: 1,000,000,000 FIATXCRYPTO

  • Chain: Solana (SPL Token)

  • Contract: (TBA post-deployment)

Suggested Allocation

Allocation%PurposeDeveloper Burn Reserve (DBR)20%Source for burnsLiquidity & Market Making15–25%Exchange and DEX depthTreasury (ops, analytics, education)5–10%Oracle/data infra + educationCommunity (airdrops, memes)0–5%Growth + awareness

DBR is non-transferable and used only for burns. No minting. No inflation. No emissions.

10.1 Developer Holdings & Burn Dynamics

The DBR wallet funds every deflation event. As DBR depletes, burns are capped and scale down — prioritizing durability and educational continuity through prolonged drawdown regimes.

11) Example

If XBTXETMC drops 3.6%:

  • Burn fraction = (3.6 / 2)% = 1.8%

  • Supply = 500,000,000 → Burn = 9,000,000 FIATXCRYPTO (capped by DBR)

New Supply: 491,000,000 FIATXCRYPTO

Each drawdown takes FIATxCrypto down with it — literally.

12) Chain & Contract (Solana)

  • Standard: SPL Token

  • Program: Custom burn logic + DBR wallet

  • Oracle Integration: Bloomberg index feed via off-chain oracle attestation

  • Contract Address: To be announced

13) Transparency

Dashboard displays:

  • XBTXETMC index level

  • Observation-window % change

  • FIATXCRYPTO total supply

  • DBR balance

  • Burn history + TX hashes

All data and burns verifiable on Solana Explorer.

14) Educational Focus

FIATxCrypto helps users explore macro-crypto concepts like:

  • 🧮 Market Cycles: bull euphoria → bear capitulation

  • 💥 Systemic Risks: leverage, liquidations, contagion

  • 📉 Concentrated Beta: why BTC/ETH often drive the complex

  • 🔁 Risk Asset Correlation: when crypto trades like equities under liquidity stress

Each burn visualizes the feedback loop of fear, liquidity, and leverage.

15) Philosophy

Crypto is both revolution and recursion — endlessly repricing risk.

FIATxCrypto captures that essence in code:

🪙 When XBTXETMC falls, FIATxCrypto burns — because the pain is the point.

It’s a self-aware reflection on volatility, market psychology, and collective irrationality.

16) Disclaimer

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

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