How Womp works
The 1% burn
Every Womp coin is an SPL Token-2022 mint with a 1% transfer fee. The fee is withheld on every transfer and later burned, permanently reducing supply. The rate is fixed when the mint is created and nobody can change it afterwards, including us: the mint is created with no authority able to alter the fee.
The bonding curve
Coins start on a constant-product curve. Buying moves the price up, selling moves it down, and a 1% platform fee applies to each trade. There is no presale and no team allocation. The curve is the only way in until it fills.
Graduation
When the curve fills, the coin graduates: liquidity moves to a Raydium pool and the LP position is locked permanently. Anyone can trigger graduation. It does not wait on us.
Who can burn
Anybody. Collecting withheld fees and burning them is permissionless, so the burn does not depend on us staying online. We run a keeper that does it on a schedule, but a stranger can force it at any time.
This is a devnet deployment. Coins here are test assets with no value.