01
TRADE
Creator revenue accrues.
M2 trades against native ETH on its production Pons V2 curve. The venue applies a 1% creator tax and credits the M2 fee recipient through the Pons escrow.
PROOF POINT
Fee source and curve are linked on the explorer.
TRACE
ONE
FEE.
Nothing is hidden behind a claim button. Revenue enters, splits, executes, and ends in public mainnet receipts.
02
SPLIT
The treasury makes two equal reserves.
Every unit of creator revenue received by M2 is assigned 50% to buybacks and burns and 50% to the holder payout reserve. There is no team cut or operations deduction.
PROOF POINT
The treasury records allocation totals on-chain.
03
BUY + BURN
One half returns to the M2 market.
The operator buys M2 through the active production venue and sends the purchased tokens to 0x0000…dEaD. Each execution emits a BuybackBurned event.
PROOF POINT
The first mainnet execution burned 1,946,022.611 M2.
04
CONVERT
The other half becomes SPY.
The matching ETH reserve converts through the verified WETH/SPY route. Converted SPY remains in the treasury until a funded holder allocation is published.
PROOF POINT
The first conversion reserved 0.031608 SPY.
05
DISTRIBUTE
Eligible wallets receive directly.
A settled M2 holder snapshot excludes the market venue, treasury, and burn address. The operator pays gas and sends SPY directly; holders do not connect or claim on this site.
PROOF POINT
The first production holder distribution remains pending.
01
Read-only website
No wallet connection, approval, or custody.
02
Direct payouts
The operator submits transactions and pays gas.
03
Receipts over claims
Completed actions are linked to the explorer.
The loop has
mainnet history.
The relaunch will create a new execution record. Until then, the prior mainnet cycle remains the only completed buyback proof.
MAINNET EXECUTION / 0015 CONFIRMED TRANSACTIONS
ETH ALLOCATED0.02
ETH BOUGHT BACK0.01
M2 BURNED1.946M
SPY RESERVED0.0316