STATEMENT
Read into the record by the Committee. Click the box, or press A, to continue.
COMMITTEE
THE PRINTERS
4,444 of them, authorised by the Committee and open to the public to mint. Each one earns $BRRR for whoever holds it, for as long as people trade.
Each square is one printer. It lights up when someone mints it. The Committee's own printer, above, is not one of the 4,444 and does not count.
MINT ONE
4,444 printers, first come first served. Mint price: 0.05 ETH. When it is yours, it prints for you.
PEOPLE TRADE $BRRR
Every buy and every sell pays a 4% fee. 2% of it goes into the printer payout pool. Nobody has to do anything. That is the point of a printer.
THE POOL PAYS THE PRINTERS
Payouts go to printer holders, split evenly across the printers minted. More trading, more printing. The Committee has modelled no other scenario.
0.05 ETH per printer · 4,444 printers · mint opens TBA · contract TBA
MARKETPLACE
Printers already minted, listed by their holders. Buy one and it starts printing for you on the next payout. Sold at 0.05, listed at whatever the seller feels.
Every sale on the market pays the same 4%: 2% to the burn, 2% to the printers. The Committee takes no royalty. The Committee has a printer.
THE FEE
4% on every buy, 4% on every sell. It goes two places, and neither of them is the Committee.
EVERY BUY
EVERY SELL
of $BRRR
FEE
BUYBACK & BURN
Buys $BRRR off the market and burns it. Supply goes down. The Committee finds this novel.
PRINTER PAYOUTS
Funds the payout pool that pays the 4,444 printers. Printers print. Holders hold.
Worked example: someone buys 1,000 $BRRR worth. 40 is fee. 20 is bought back and burned. 20 goes to the printers. The Committee keeps 0, because the Committee has its own printer.
POLICY TOOLS
The Committee has three instruments. It uses one of them.
TRANSACTION FEE
2.00% bought back and burned.
2.00% paid to the printers.
0.00% kept by the Committee.
PRINT RATE
Setting: BRRR.
There is no other setting. There was, once. Nobody remembers where it went.
SUPPLY
On this page, up only. On-chain, the burn takes it the other way. The Committee is aware of the contradiction and is comfortable with it.
SUMMARY OF ECONOMIC PROJECTIONS · DOT PLOT
Each dot is one member of the Committee. Each member was asked where the supply goes next.
OPEN MARKET OPERATIONS
This is the part where you buy. The Committee has already decided that you will; it is only waiting on you.
PUBLIC, PRIVATE AND IMAGINARY
- TICKER
- $BRRR
- NAME
- Federal Reserve Protocol
- NETWORK
- Robinhood Chain · launched on Pons
- SUPPLY
- 1,000,000,000 on-chain, shrinking with every burn. Considerably more on this page.
- FEE
- 4% buy · 4% sell. 2% buyback and burn, 2% printer payouts.
- CONTRACT
0x… (contract address goes here at launch)
MINUTES
A record of this meeting. Your meeting. It started when you got here.