🧱 FIATXLABOUR (FIATXLBR) — Meme Coin Whitepaper

Status: Community Meme Coin • Experimental • Education-Focused

1) TL;DR

Ticker: FIATXLBR
Blockchain: Solana
Contract Address: (TBD — published post-deployment)
Theme: Meme coin that burns its own supply when unemployment rises.
Signal: Employment indicators such as U.S. Nonfarm Payrolls, Unemployment Rate, and Jobless Claims.
Trigger: If unemployment metrics deteriorate beyond threshold (e.g., +0.1% MoM or +50k claims), FIATXLABOUR burns tokens.
Linkage: For each x% increase in unemployment → burn (x / 2)% of supply (subject to Developer Burn Reserve).
Burn Source: Developer Burn Reserve (DBR) wallet.
Timing: Burns executed at randomized times post-data release to prevent front-running.
Goal: Represent economic stress digitally — a symbolic hedge against recessions and labor market deterioration.

2) Motivation & Meme

When people lose jobs, economies weaken — consumption falls, optimism fades, and recession looms.

FIATXLABOUR makes this visible:

🧱 When unemployment rises, FIATXLBR burns itself — just like jobs disappear from the economy.

It’s both a macroeconomic art piece and a teaching instrument for labor market literacy — showing the lagged link between employment, spending, and growth.

Asymmetric Design:

  • Unemployment rises → burn (symbolic “lost jobs”)

  • Unemployment falls → no action

  • Stability → pause

Each burn event mirrors the collective stress of the workforce — transforming pain into code.

3) Supply & Current State

Initial Supply (S₀): 1,000,000,000 FIATXLBR
Mechanism: Supply reductions drawn from the Developer Burn Reserve (DBR) wallet.
As of launch: ~1,000,000,000 FIATXLBR (minus test burns).

All supply and burn records are visible on Solana and the FIATX dashboard.

4) Economic Intuition

Employment is the backbone of economic activity.
When people lose income, demand contracts, causing recessions — and in FIATXLABOUR’s world, tokens disappear too.

If demand remains constant but supply falls:
Price ≈ Market Cap / Supply → increases.

Burns compound over time:
Sₙ = S₀ × ∏(1 − fᵢ), where fᵢ = burn fraction per event.

Convexity Effect:
Sustained labor deterioration leads to accelerating token scarcity, visually mimicking deep recession feedback loops.

5) Oracle & Market Signal

Primary Indicators Tracked:

  • U.S. Bureau of Labor Statistics (BLS):

    • Unemployment Rate (monthly)

    • Nonfarm Payrolls (monthly)

  • Department of Labor:

    • Weekly Initial Jobless Claims

  • Optional: OECD, Eurostat, or ILO aggregates for multi-region tracking.

Signal Aggregation:
A weighted “FIATX Labour Index (FXL Index)” is computed daily/weekly from normalized employment changes.

Interpretation:

  • Positive FXL Index → Rising unemployment → burn trigger

  • Negative → Improving employment → no burn

Data Frequency:
Weekly (claims) and monthly (payrolls/unemployment rate).
Governance may adjust frequency and weighting through on-chain votes.

6) Core Rule (Simple Version)

Let x% = increase in unemployment rate (MoM)
or
ΔC = change in initial jobless claims (thousands)

Trigger:
If x ≥ 0.1% or ΔC ≥ +50k, burn (x / 2)% of total supply.

Source of Burn: Developer Burn Reserve (DBR).
Timing: Randomized execution within 24–48h of data confirmation.

If employment improves (x < 0), no burn occurs.

7) Formal Burn Specification (Exact Version)

7.1 Definitions

  • Uₜ: Unemployment rate at time t.

  • Uₜ₋₁: Prior period unemployment rate.

  • xₜ = 100 × (Uₜ / Uₜ₋₁ − 1) → percentage change in unemployment.

  • Threshold (θ = 0.1%).

  • (Sₜ): FIATXLBR supply before burn.

  • (Dₜ): Developer Burn Reserve balance.

7.2 Burn Fraction & Amount

fₜ =
 xₜ / 200 if xₜ ≥ θ
 0    if xₜ < θ

Intended burn:
B*ₜ = fₜ × Sₜ

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

7.3 State Update

Sₜ⁺ = Sₜ − Bₜ
Dₜ⁺ = Dₜ − Bₜ

When Dₜ < 10% of total supply, burns scale down proportionally to sustain long-term functionality.

8) Execution Mechanics (on Solana)

  • Detection: Off-chain oracle reads BLS and DoL data feeds.

  • Authorization: Multisig developer wallet executes burn transactions.

  • Timing: Randomized within post-release window.

  • Verification: Each burn includes oracle-signed data and on-chain record.

9) Parameterization

ParameterValueDescriptionUnemployment Threshold (θ)+0.1%Minimum MoM increaseClaims Threshold+50,000Weekly increase in jobless claimsMapping1:2Every 2% rise = 1% supply burnData FrequencyWeekly / MonthlyDependent on metricBurn SourceDeveloper Burn Reserve20% initial allocation

10) Tokenomics

Initial Supply: 1,000,000,000 FIATXLBR
Chain: Solana (SPL Token)
Contract: TBA post-deployment

Suggested Allocation Template:

Allocation%PurposeDeveloper Burn Reserve (DBR)20%Source of all burnsLiquidity & Market Making15–25%Exchange and DEX liquidityTreasury (ops, analytics, education)5–10%Infra + macro reportingCommunity (airdrops, memes)0–5%Engagement incentives

Vesting: DBR non-transferable except for burn.
No minting. No inflation.

10.1 Developer Holdings & Burn Dynamics

The DBR wallet funds all burn events.
When labor data worsens, burns reduce total supply.
If DBR balance drops below 10%, burn fractions are scaled down for longevity.

11) Example

Unemployment rises from 3.6% → 3.8% (+0.2%)
→ Burn fraction = (0.2 / 2)% = 0.1%
→ If supply = 600,000,000 → burn = 600,000 FIATXLBR (from DBR).

New Supply = 599,400,000 FIATXLBR

Each job lost echoes as a burn — a poetic mirror of economic strain.

12) Chain & Contract (Solana)

  • Standard: SPL Token

  • Program: Custom burn logic linked to off-chain employment data

  • Oracles: BLS & DoL feeds, optionally Chainlink aggregators

  • Contract Address: To be announced

13) Transparency

Dashboard metrics include:

  • Total supply

  • DBR balance

  • Latest unemployment data

  • Burn history & TX hashes

All burns visible on Solana.

14) Educational Focus

FIATXLABOUR is designed for macro education:

  • 👷‍♂️ Labor Market Mechanics — how employment data reflects real activity

  • 🔁 Economic Cycles — jobs as lagging indicators

  • 💸 Employment–Spending Relationship — why job loss precedes demand collapse

  • 🏛️ Policy Influence — central bank response, fiscal policy, and lag effects

Each burn serves as a tangible marker of economic stress — turning abstract statistics into visible blockchain events.

15) Philosophy

Jobs are the heartbeat of the economy.
When that heartbeat falters, FIATXLABOUR bleeds tokens — a digital requiem for lost work and wasted potential.

🧱 “When people lose jobs, FIATXLABOUR loses tokens.”

It’s not a hedge in the traditional sense — it’s a mirror: an experiment in empathy, economics, and code.

16) Disclaimer

FIATXLABOUR is an experimental, educational meme coin.
Not an investment. Not financial advice.
No guarantee of profit, liquidity, or continuity.

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