Our Whitepaper

FIATXSILVER ($FIATXAG) — Meme Coin Whitepaper

Status: Community meme coin • Experimental • Education-focused

1) TL;DR

Ticker: $FIATXAG
Blockchain: Solana
Contract Address: FJiSW3sjNt78CaxVZfUuYntX88DaqNKz2C7sHPPxjupx
Theme: Meme coin that "eats" its own supply when silver goes up.
Signal: Front-month CME silver futures (active contract).
Trigger: If daily silver ↑ ≥ 0.5%, FIATXSILVER burns tokens.
Linkage: x% silver increase ⇒ (x/3)% FIATXSILVER supply burn (subject to developer burn-reserve balance).
Initial Burn Multiplier: 1/3× (20%) due to silver's higher volatility vs. gold.
Burn Source: Developer wallet (pre-allocated burn reserve).
Launch Phase: Burns begin after graduation from Jupiter bonding curve and DEX trading launch. Pre-graduation: developer buys from bonding curve.
Timing: Burns occur at undisclosed times within the day when the trigger is met (anti-front-running).
Goal: Gradual supply collapse → convex (exponential-like) price response as demand meets shrinking supply.

2) Motivation & Meme

Fiat vs. silver is an old meme. FIATXSILVER channels that meme into a programmed supply diet.
When silver strengthens, FIATXSILVER self-cannibalizes supply. When silver weakens, FIATXSILVER does nothing.
Asymmetric design: Upside supply pressure only. Downside is demand-driven only.

Silver's higher volatility vs. gold demands a more conservative burn mechanism — hence the 1/3× multiplier to ensure long-term sustainability.

3) Supply & Current State

Initial supply (S₀): 1,000,000,000 FIATXSILVER.
Mechanism: Ongoing burns over time from a dedicated Developer Burn Reserve (DBR) wallet after DEX graduation.
Pre-DEX Phase: Developer buys supply from Jupiter bonding curve instead of burning.
Current Supply: Subject to bonding curve dynamics and post-graduation burns (verify on Solana explorer).

Note: Exact current supply depends on Solana on-chain state. Always verify on the official supply dashboard and Solana block explorer.

3.5) Sustainable Value Creation: Why This Isn't a Typical Meme Coin

Most meme coins have no intrinsic utility or value mechanism — their price is purely speculative and driven by community hype cycles that inevitably fade. FIATXSILVER is architecturally different.

Educational Foundation with Economic Substance:
While born as a community education tool to illustrate tokenomics and external-signal mechanisms, FIATXSILVER embeds a long-term, sustainable value-creation engine: programmatic supply burns tied to real-world silver price movements.

Hedge Instrument Without Collateral:
FIATXSILVER functions as a behavioral hedge to silver price increases — not through asset backing or collateral, but through supply-side scarcity pressure. When silver rises, FIATXSILVER supply contracts. Long-term holders benefit from progressive scarcity, even in the absence of traditional backing.

The Scarcity-Elasticity-Value Chain:

Supply Reduction → Decreased Price Elasticity
As total supply shrinks through burns (and bonding curve buybacks), the remaining float becomes increasingly scarce. Price elasticity measures how much supply responds to price changes. With a smaller, tighter float, the same unit of demand creates larger price movements.
Inelastic Supply + Constant/Rising Demand = Exponential Price Response
Standard price discovery: P ≈ Market Cap / Supply.
As Supply (S) decreases while demand (Market Cap) remains stable or grows:

Linear supply reduction → non-linear (convex) price increase.
Example: Halving supply from 500M to 250M doubles price if demand is unchanged.
Sequential burns compound this effect: each burn makes the next burn more impactful.

Convexity and Exponential Behavior
Mathematically, repeated percentage burns create a multiplicative decay in supply:
Sₙ = S₀ × ∏(1 − fᵢ)
As supply decays, the denominator shrinks faster than linearly, causing price to rise in a convex (exponential-like) trajectory under persistent or growing demand.
Long-Term Holder Advantage
Holders who accumulate and hold through multiple burn cycles benefit from:

Increased ownership percentage of a shrinking float.
Amplified price sensitivity to new demand.
Structural scarcity premium as the asset becomes harder to acquire in size.

No Collateral, Pure Scarcity:
FIATXSILVER is not backed by silver or any asset. Its value proposition is entirely scarcity-driven: as supply disappears, remaining tokens represent claims on a progressively scarcer asset. This mirrors Bitcoin's halving cycles but tied to an external, real-world indicator (silver) rather than time alone.

Result:
FIATXSILVER combines meme-coin accessibility and community engagement with a mathematically-grounded deflationary mechanism designed to reward patience and create sustainable, long-term value appreciation through scarcity and elasticity dynamics — not hype cycles.

4) Economic Intuition

If demand is flat and supply falls, price ≈ Market Cap / Supply rises.
Repeated percentage burns compound:
(Sₙ = S₀ × ∏(1 - fᵢ)), where fᵢ is burn fraction at event i.

Convexity: Larger or frequent silver up-moves shrink float faster → price reacts nonlinearly as float tightens.

Given silver's higher volatility, the 1/3× burn multiplier ensures sustainability while still delivering meaningful scarcity pressure over time.

5) Oracle & Market Signal

Asset: CME front-month silver futures (active contract; symbol varies as contract rolls, e.g., SI).
Price source: Aggregated feeds referencing the current active contract.
Measurement window: UTC day. Compare today vs. prior day reference price.

Reference price options (configurable):

Prior session settlement price, or
Rolling TWAP over a fixed window (e.g., 1h) anchored to prior day's close.

Roll handling: On contract roll, the active (most liquid) contract becomes the reference without user action.

Implementation sets one reference method at launch and discloses it. Changes require a governance vote and a timelock.

6) Core Rule (Simple Version)

Let x% be today's silver percentage change vs. the defined reference.
Trigger: if x ≥ 0.5 then burn (x/5)% of current total supply (Sₜ).
Source of burn: Developer Burn Reserve (DBR) wallet.
Phase Dependency:

Pre-DEX (Bonding Curve Phase): Developer buys supply from Jupiter bonding curve instead of burning.
Post-DEX (Graduated Phase): Burns execute from DBR wallet.

Timing: One or more undisclosed executions within the UTC day after trigger confirmation.

If silver falls (x < 0), no burn. Price is entirely market-driven.

7) Formal Burn Specification (Exact Version)

7.1 Definitions

(Gₜ): Silver price (active CME front-month) at end of day t by the chosen method (settlement or TWAP).
(xₜ = 100 × (Gₜ / Gₜ₋₁ − 1)): Silver % change day t.
Threshold: (θ = 0.5%).
(Sₜ): FIATXSILVER total supply just before any burn on day t.
(Dₜ): Developer Burn Reserve balance just before any burn on day t.
Base Multiplier: m₀ = 1/3 (to account for silver's higher volatility).

7.2 Burn Fraction & Amount

Base burn fraction:
fₜ =
(m₀ × xₜ) / 100 = xₜ / 300, if xₜ ≥ θ
0, if xₜ < θ

Intended burn amount: Bₜ = fₜ × Sₜ
Feasibility constraint: Burn cannot exceed reserve: Bₜ = min(B*ₜ, Dₜ).

Phase Dependency:

Pre-DEX: Developer purchases Bₜ tokens from Jupiter bonding curve instead of burning.
Post-DEX: Bₜ tokens are burned from DBR wallet.

7.3 State Update

Post-DEX Phase:
Supply after burn: Sₜ⁺ = Sₜ − Bₜ
Reserve after burn: Dₜ⁺ = Dₜ − Bₜ
Reference reset: Gₜ becomes next day's baseline.

Pre-DEX Phase:
Supply after buyback: Sₜ⁺ = Sₜ − Bₜ (removed from circulation via bonding curve)
Developer holdings increase by Bₜ
Reference reset: Gₜ becomes next day's baseline.

If Dₜ = 0 (post-DEX), burns stop until reserve is replenished (if ever).

7.4 Progressive Burn Fraction Adjustment

To ensure long-term sustainability and prevent premature exhaustion of the burn mechanism, the burn fraction is dynamically adjusted based on remaining supply relative to the original supply (S₀ = 1,000,000,000).

Starting Point: Base multiplier = 1/3× (meaning x% silver ↑ → (x/3)% burn)

Adjustment Schedule:

Supply Threshold (% of S₀)Burn Fraction MultiplierEffective Burn≥ 40% (≥400M tokens)1/5×x% silver ↑ → (x/5)% burn< 40% (<400M tokens)1/10×x% silver ↑ → (x/10)% burn< 30% (<300M tokens)1/20×x% silver ↑ → (x/20)% burn< 25% (<250M tokens)1/25×x% silver ↑ → (x/25)% burn< 20% (<200M tokens)1/30×x% silver ↑ → (x/30)% burn< 15% (<150M tokens)1/35×x% silver ↑ → (x/35)% burn< 10% (<100M tokens)1/40×x% silver ↑ → (x/40)% burn

Formal Expression:

Let (Sₜ) = current supply and (S₀) = 1,000,000,000.
Define supply ratio: (rₜ = Sₜ / S₀)

Burn fraction multiplier (mₜ):

mₜ = 1/5, if rₜ ≥ 0.40
mₜ = 1/10, if 0.30 ≤ rₜ < 0.40
mₜ = 1/20, if 0.25 ≤ rₜ < 0.30
mₜ = 1/25, if 0.20 ≤ rₜ < 0.25
mₜ = 1/30, if 0.15 ≤ rₜ < 0.20
mₜ = 1/35, if 0.10 ≤ rₜ < 0.15
mₜ = 1/40, if rₜ < 0.10

Adjusted burn fraction:

fₜ = (mₜ × xₜ) / 100, if xₜ ≥ θ
fₜ = 0, if xₜ < θ

Rationale:
This progressive reduction preserves the burn mechanism's longevity while maintaining scarcity pressure. As supply becomes increasingly scarce, smaller absolute burns can still create significant price impact due to the tighter float. The more aggressive reduction schedule (compared to gold-pegged tokens) reflects silver's inherently higher volatility.

Example:
If supply = 350M (35% of S₀) and silver rises 3.0%:

Multiplier = 1/20 (since 30% ≤ 35% < 40%)
Burn fraction = (1/20) × 3.0% = 0.15%
Burn amount = 0.15% × 350M = 525,000 tokens

Disclaimer: Once the Developer Burn Reserve (DBR) falls below 10% of total supply, the effective burn percentage will be proportionally reduced to ensure long-term sustainability of the mechanism.

8) Execution Mechanics (on Solana)

Detection: Off-chain oracle or keeper service computes (xₜ) daily.
Authorization: Burn/buyback executed by multisig wallet (developer controller).
Anti-front-running: Randomized intra-day scheduling to hide burn/buyback timing.
On-chain proof: Every burn tx includes (xₜ), oracle round IDs, and signature proofs.

Phase-Specific Mechanics:

Pre-DEX: Jupiter bonding curve API integration for automated buybacks.
Post-DEX: Standard SPL token burn instructions from DBR wallet.

9) Parameterization

Threshold (θ): 0.5%
Base Mapping: 1:5 (x% silver ↑ ⇒ (x/5)% supply burn/buyback), subject to reserve balance.
Time standard: UTC
Windows per day: Configurable (e.g., 1–6). Hidden exact times.

10) Tokenomics

Initial Supply: 1,000,000,000 FIATXSILVER
Current Supply: Variable based on bonding curve dynamics and post-graduation burns (verify on Solana explorer)

Suggested Allocation Template:

Developer Burn Reserve (DBR): 60–70% (solely for protocol burns post-DEX)
Liquidity & Market Making: 15–25%
Treasury (ops, audits, infra): 5–10%
Community (airdrops, grants): 0–5%

Vesting: DBR is non-transferable except for burn. Enforced on-chain post-graduation.
No emissions. No minting.

10.1 Developer Holdings & Burn Dynamics

The developer wallet typically holds over 20% of the total token supply at any given time.
This allocation is crucial, as all supply burns (post-DEX) or buybacks (pre-DEX) originate from this reserve.
The developer's holdings therefore serve as the engine of the scarcity mechanism, ensuring continued supply reduction as long as the reserve remains active.
As the reserve depletes through burns, overall scarcity increases — but long-term sustainability requires retaining a minimum developer allocation to prevent premature exhaustion of burn capacity.

10.2 Launch Phases & Mechanism Transition

Phase 1: Jupiter Bonding Curve (Pre-DEX)

Token launches on Jupiter's bonding curve.
When silver trigger conditions are met, developer Acrrues Tokens to be Burned
Accruals can be verified on the homepage: valuecoindevelopers.com

Phase 2: DEX Graduation (Post-Launch)

Once bonding curve graduates to DEX trading (liquidity threshold met), the burn mechanism activates.
Developer stops accruing and begins burning from the DBR wallet.
Standard burn mechanics (as specified in Section 7) apply from this point forward.

Transition Criteria:
Graduation occurs automatically when Jupiter bonding curve conditions are met (typically when market cap or liquidity thresholds are reached). This transition is irreversible and publicly verifiable on-chain.

11) Example (Simplified)

Pre-DEX Example:
x = 2.5%, Supply = 1,000,000,000 → Accrual = (2.5/3)% = 0.8.=3% = 8,333,333 tokens accrued to be burned post bonding
Developer accrues progressively and burns accrued amounts at once when graduated

Post-DEX Example:
x = 2.5%, Supply = 520,000,000 → Burn = (2.5/3)% = 0.8% = 4,160,000 (from DBR)
New Supply: 517,400,000 FIATXSILVER

12) Chain & Contract (Solana)

Standard: SPL Token (Solana Program Library).
Launch Platform: Jupiter bonding curve (pre-DEX phase).
Program: Custom Solana program managing burn logic and DBR wallet post-graduation.
CA: [To be announced upon launch]
Oracle Integration: Uses off-chain computation + Solana oracle feeds for CME silver futures data.

13) Transparency

Dashboard:

Current phase (bonding curve vs. DEX)
Supply, DBR balance, latest silver price delta
Burn/buyback history on-chain with tx hashes
Graduation status and metrics

14) Disclaimer

FIATXSILVER is a meme coin and a community project for educational purposes.
Not an investment. No promise of profits or future returns.
No guarantees on price, liquidity, or protocol continuity.
Participation may result in total loss. DYOR. Obey your local laws.

Silver is more volatile than gold; the 1/3× burn multiplier reflects this inherent risk. Past performance of silver or FIATXSILVER does not predict future results.