⚡ FIATxCL (FIATXCL) — Energy Coin Whitepaper

Status: Community Meme Coin • Experimental • Education-Focused

1) TL;DR

  • Ticker: FIATXCL

  • Blockchain: Solana

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

  • Theme: Meme coin that burns its own supply when oil rises.

  • Signal: Active WTI Crude Oil Futures (NYMEX CL, “active”/front-month roll).

  • Trigger: If Active WTI CL rises (positive change vs prior reference), FIATXCL burns tokens.

  • Linkage (1:1): For each x% rise in Active WTI CL → burn x% of token supply (subject to DBR balance).

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

  • Timing: Burns occur at undisclosed intervals post-trigger (anti-front-running).

  • Goal: Turn oil shock pain into programmable deflation — a symbolic hedge against energy-driven cost spikes.

2) Motivation & Meme

Oil prices don’t just move a chart. They move everything: shipping, food, plastics, commuting, geopolitics, and inflation expectations.

FIATxCL makes that impact visible on-chain.

⚡ When oil gets expensive, FIATXCL burns itself — because energy shocks ripple through every balance sheet.

It’s both a macro experiment and a meme: a live demonstration of how crude drives prices, policy responses, and real-world stress.

Asymmetric Design:

  • Oil up → burn (supply contraction)

  • Oil down → no change

  • Flat → no burn

3) Supply & Current State

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

  • Mechanism: Supply reductions drawn from a Developer Burn Reserve (DBR) wallet.

  • As of launch: ~1,000,000,000 FIATXCL (minus test burns)

Current supply and burn data are verifiable via Solana explorer and the FIATx dashboard.

4) Economic Intuition

Oil is a global input cost and a macro stress lever. Rising crude acts like a tax on consumers and businesses, compressing margins and lifting inflation pressure.

FIATXCL mirrors this by burning its own supply when Active WTI CL rises—modeling contraction under oil stress.

If demand is constant while supply shrinks:
Price ≈ Market Cap / Supply → increases.

Because the mapping is 1:1, FIATXCL is intentionally aggressive—designed to dramatize oil-driven inflation shocks.

5) Oracle & Market Signal

Tracked Futures (Only)

  • WTI Crude Oil Futures (NYMEX: CL) — Active/Front-Month Contract

“Active CL” Definition (Operational)

A rules-based front-month reference that rolls according to a published schedule (e.g., standard front-month roll conventions) so the signal stays liquid and continuous.

Data Source

Aggregated oracle feeds from regulated exchange data pipelines and/or major market data providers.

Measurement Window

Defined reference snapshot (e.g., settlement-to-settlement, or a fixed UTC window) relative to the prior observation.

Governance may modify the roll convention and observation timing via on-chain proposal.

6) Core Rule (Simple Version)

Let x% = % change in Active WTI CL versus the prior reference.

  • Trigger: If x > 0, burn x% of total supply (Sₜ)

  • Source: Developer Burn Reserve (DBR)

  • Timing: Randomized execution within a defined post-trigger window (anti-front-running)

If x ≤ 0, no burn occurs.

7) Formal Burn Specification (Exact Version)

7.1 Definitions

  • (Cₜ): Active WTI CL reference value at observation t

  • (Cₜ₋₁): Active WTI CL reference value at prior observation

  • xₜ = 100 × (Cₜ / Cₜ₋₁ − 1)

  • Threshold (θ): 0.0% (strictly positive change triggers)

  • (Sₜ): Total FIATXCL supply

  • (Dₜ): Developer Burn Reserve balance

7.2 Burn Fraction & Amount (1:1)

[
f_t =
\begin{cases}
x_t / 100 & \text{if } x_t > 0 \
0 & \text{if } x_t \le 0
\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

If Dₜ is insufficient, the burn is capped by DBR balance and recorded as such.

8) Execution Mechanics (on Solana)

  • Detection: Off-chain oracle computes Active CL % change per observation window.

  • Authorization: Multisig developer wallet executes burns.

  • Timing: Random intra-day execution to reduce predictability and mitigate front-running.

  • Proof: Each burn includes oracle-signed CL reference values, timestamp basis, and transaction hash.

9) Parameterization

ParameterValueDescriptionThreshold (θ)> 0.0%Any positive oil move triggers burnMapping1:1x% oil rise → x% supply burnUnderlyingActive WTI CLFront-month WTI crude futures referenceData FrequencyConfigurableSettlement-based or fixed UTC snapshotsBurn SourceDBR20% reserve used for burns

10) Tokenomics

  • Initial Supply: 1,000,000,000 FIATXCL

  • Chain: Solana (SPL Token)

  • Contract: (TBA)

Suggested Allocation

Allocation%PurposeDeveloper Burn Reserve (DBR)20%Source for burn eventsLiquidity & Market Making15–25%Exchange stabilityTreasury (ops, analytics, education)5–10%Oracle/data infraCommunity (airdrops, memes)0–5%Awareness & adoption

DBR is non-transferable; burns only. No minting. No inflation.

11) Example

If Active WTI CL rises +3.2%:

  • Burn fraction = 3.2% (1:1)

  • If Supply = 600,000,000 → Burn = 19,200,000 FIATXCL (from DBR, capped if DBR is smaller)

New Supply: 580,800,000 FIATXCL

Each burn represents an oil shock — a direct on-chain reflection of rising fuel stress.

12) Chain & Contract (Solana)

  • Standard: SPL Token

  • Program: Custom burn logic + DBR controls

  • Oracle Integration: Active WTI CL reference feed

  • Contract Address: To be announced post-deployment

13) Transparency

Dashboard includes:

  • Active CL reference value and timestamp basis

  • Latest % change and trigger status

  • DBR balance

  • Total supply

  • Burn history + TX hashes

All verifiable on-chain via Solana Explorer.

14) Educational Focus

FIATXCL turns the oil market into a classroom:

  • ⛽ Oil Market Fundamentals — futures, rolls, storage, and seasonality

  • 🌍 Geopolitics & Supply — OPEC policy, sanctions, war risk premiums

  • 📈 Inflation Transmission — how crude feeds CPI, margins, and wages

  • 🧾 Term Structure & Carry — contango/backwardation and real-world implications

Each burn is a macro lesson about why energy prices matter.

15) Philosophy

Oil is a foundational price. When it surges, everything downstream pays.

⚡ When oil rises, FIATXCL burns — because energy shocks consume value everywhere.

It’s not a hedge product. It’s a mirror: programmable commentary on a world priced in barrels.

16) Disclaimer

FIATXCL is an experimental, educational meme coin. Not financial advice. Not an investment. No guarantee of profit, liquidity, or continuity. Participation may result in total loss. DYOR. Obey your local laws.