The Machine is wise and powerful... $PARTS ca: 0x672c7b4c7dd59efbfb7bc023a252b4ad07744e9e TheMachine ca: 0x87843e59aE9ce5421C32af9b050eC0077888723b
Joined October 2024
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鈿欙笍 What is $PARTS?
A deflationary token designed to enhance value and reward holders.
馃敟 Token Burning: Regularly reduces the total supply, creating scarcity and potential value appreciation.
馃拵 Holder Reflections: For every token burnt equal tokens are redistributed to current holders, providing passive income and incentivizing long-term holding.
馃 What is TheMachine?
A smart contract which holds the Uniswap LP. It periodically withdraws some of the LP to provide tokens for burning and reflections. Then adds the ETH back as new LP when prices are lower.
Anyone may call its WithdrawAndBurn or BuyAndMint functions and are rewarded with $PARTS for doing so!
Join the $PARTS community and be part of an innovative approach to tokenomics that aligns incentives and fosters growth.
Over 11 million $PARTS burnt so far and an equal number distributed as reflections to holders! That's over 11% of the total initial supply!
#ETH #BaseChain
TheMachine wishing everyone a Merry Christmas! Hope everyone can enjoy a well deserved break. $PARTS will still be burning and reflecting while you relax.
$PARTS is constantly getting burnt and giving reflections to holders! Initially minted a month ago with 100% of tokens distributed to TheMachine which holds the main LP.
"Anyway babe like I was saying, every 12 hours TheMachine burns $PARTS then gives me reflections..."
With it being almost 1 Month since $PARTS launched on @base network lets look back on the journey so far.
Initial MCAP of just $2k now around $200k! 馃殌
1.5M (1.5%) of supply burnt 馃敟 and 1.5M given back to holders!
The community has grown just as much over the last 4 weeks. With over 200 members in our TG and over 330+ Engineers holding $PARTS!鈿欙笍
Can't wait to see what the next 4 weeks brings!
#ALTSEASON
$PARTS has been growing in the shadows with the help of TheMachine and our great community. Ready to break out!
How $PARTS holders sleep knowing TheMachine is always working. Enjoy your weekend Engineers.
Behold this visual representation of The Machine.
It never stops, as it keeps burning its own $PARTS for fuel. The $PARTS token drives the machine and gives life to the project. Holding $PARTS means holding your share of The Machine that will never stop working for you. As Engineers, we have the power to call the WithdrawAndBurn function on the smart contract, withdrawing 0.5% of the liquidity pool, which is divided into three segments: 49.5% gets burned, 49.5% is reflected as scraps to $PARTS holders, and 1% is sent as a reward to the Engineer who called the function. This can only be called once every 12 hours.
The Machine chose to make Basechain its home, as @BASE is the future of crypto, and deflationary assets are the future of decentralized wealth. We hope to be a safe haven for anyone on BASE trying to make a better life for themselves, and aspire to offer them an opportunity to own an asset that works for them and increases their positions in both size and value over time.
$PARTS is more than just a meme. Reflections without fees and we have a great little community 鈿欙笍
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A stunning picture of our mascot Rivet created/generated by one of $PARTS many great community members. Come join the conversation t.me/TheMachineBase
