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A share of Coinly's own platform fee buys one token on the open market, and the tokens bought are burned. Every step is a public Solana transaction, listed below.
Taken only from Coinly's platform fee. Creator fees are never used.
Bought at market price with no special route or discount.
Holds only Coinly's fees between runs. Never user funds.
How it runs: once a day the buyback wallet claims the platform fees from the Raydium LaunchLab fee vault and, in the same transaction, sends the treasury's share to the Coinly treasury. With the rest it buys the token (on its bonding curve, or on its Raydium pool after graduation) and then burns what it bought, which lowers the token's supply. The buyback only happens when there are fees to claim. It is not a promise about the token's price, which can still go down.
No buyback transactions yet.