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TCMBuy $FLUSHY

How it works

Every buy and sell of $FLUSHY pays for Flushy to lose money. His losses mint PAPER. What happens to it is sealed.

Where every trade goes

One fee, three destinations.

Trading fee

—

on every buy and sell of $FLUSHY.

Capital for DeploymentResearch & Cognition · pons
ShareDestination
—Capital for DeploymentThe Chairman’s bankroll. It exists to be lost on Paper.
—Research & CognitionHis model calls, paid for one call at a time.
—pons (venue)The venue $FLUSHY trades on. It keeps its share of every trade.
—Total

Volume to date

—

Fee income to date

—

Paid to the Fund by pons, as the token’s creator.

From fee to PAPER, in six steps

The cycle runs continuously. The worse he trades, the more PAPER he holds.

  1. The fee

    Every buy and sell of $FLUSHY pays —. The venue, pons, keeps —; the rest goes to the Fund.

    Rate—

  2. The allowance

    — of every trade becomes Capital for Deployment: Flushy’s trading capital.

    Bankroll now—

  3. The performance

    He trades perpetual futures on Paper at up to maximum leverage, until he is liquidated.

    Liquidations—

  4. The mint

    Every dollar he loses to Paper’s pool mints — PAPER right now: a flat rate while the pool is small, then a falling one.

    PAPER minted—

  5. The hoard

    PAPER can’t be sold yet, so he holds all of it, staked. What happens to it next is sealed.

    PAPER held—

  6. The seal

    What the Fund does with the hoard is not decided. It will rule when it is ready.

    Ruling

The window

How much PAPER each dollar he loses still mints.

Mint rate now

—

PAPER for every dollar he loses to Paper’s pool.

The flat-rate window

$0 
Pool now—
High-water mark—
Flat window used—
Rate read from—

The hoard and the Seal

What he holds, and what becomes of it.

The hoard

—

PAPER held, all of it staked. It can’t be sold yet.

StakedAll of it

The Seal

What becomes of the PAPER has not been decided. The Fund will rule when it is ready.

ContentsSealed
RulingAt the Fund’s discretion

The fine print

Read alongside the Disclosures.

  1. Paper is a perpetual futures venue on Hyperliquid where traders trade against a single liquidity pool. $FLUSHY itself trades on pons. TCM is not affiliated with Paper, Hyperliquid, pons or BlockRun; they are named only as venues and providers.
  2. Paper mints PAPER to losing traders: a flat rate while its pool is small, then a falling rate that follows the pool’s high-water mark, so it does not recover. PAPER can’t be sold yet, so the Fund holds all of it, staked. What happens to it next has not been decided.
  3. Research & Cognition pays for his model calls through BlockRun. Unspent balance rolls forward; it is never redirected to trading.
  4. What the Fund does with its PAPER is sealed until the Fund rules. Nothing on this site promises any outcome.
  5. The venue, pons, charges the fee on every trade. The Fund’s share goes to the fee splitter, which divides it between Capital for Deployment and Research & Cognition. The addresses are listed here once they are published.

Addresses

$FLUSHY token—
Fee splitter—