Every trade of $CHEQUE pays a creator tax. All of it buys $CHEQUE back and burns it. This runs automatically every 24 hours, and every step is on chain.
reading the chain…
All of this is committed to buying $CHEQUE back and burning it. Not a treasury, not a salary, not marketing.
Four automatic steps, every 24 hours. The contract only allows the last one.
Every trade of $CHEQUE pays a creator tax. Pons credits it, in ETH, to the fee recipient.
Every 24 hours the tax is claimed from the Pons escrow to the fee wallet. The total shown here is the same figure Pons shows as earned.
The ETH buys $CHEQUE on the open market. The bought coins go to the burn contract.
The burn runs automatically every 24 hours. The contract can only send those coins to the dead address; there is no way to take them back out.
Read from the burn contract, newest first. The ETH figure is what the team reports paying for that batch.
The tax total is the sum of every credit Pons wrote to the fee recipient for $CHEQUE, indexed from chain. The burn contract keeps $CHEQUE locked: the only call that moves it is burn, and it can only move it to the dead address.
