How Burnticker works

Three steps

1. One locked rule. Each coin names one public result, such as a game score or the national debt figure. The rule is locked when the coin launches.
2. The result settles. When the result is published, the coin's own trading fees buy back some of the coin from its pool.
3. Burned, with a receipt. Everything bought is burned in the same transaction. That transaction is the receipt, and anyone can check it.

A key signs each result on chain before anything burns. The signature proves who signed the reading. It does not prove the reading is true, which is why every receipt also names its source, so anyone can compare the two.

A real receipt

This is a real burn from the devnet rehearsal on October 6, 2026. Devnet is a practice network, and nothing on it has money value.

Treasury's Debt to the Penny rose $23.92B from 2026-10-05 to 2026-10-06, which is 23 units. The rule asked for 0.104 SOL of the 0.506 SOL burn pool. One crank may spend at most 2% of the trading pool's SOL reserve, so 0.0201 SOL bought 4,010,874.87 $DEFICIT. Every token bought was burned in the same transaction, and the rest carried over to the next crank.

Inspect the devnet receipt

The check runs in your browser. It reads the devnet chain and the Treasury's own data. No wallet is needed to read results or receipts.

Launching a coin

1. Describe the result, or browse by category. Each suggestion says where the result comes from, who checks it and when it settles.
2. Choose what triggers a burn. It can be a yes-or-no result, or every full unit of a settled number. Then choose the share of the fee pool each burn spends, between 1% and 10%.
3. Approve once in your wallet. That creates the coin on Raydium LaunchLab and records the rule. You pay the venue's creation cost and the network fee. Creators earn nothing from trading fees.

The rule is locked at launch. A different rule means a different coin. Creator launches are closed until the first coin has receipts.

Seasons

Each league gets one scoreboard per season. A board ranks that league's team coins by their receipts. The 25 leagues cover baseball, basketball, football, hockey and soccer. Rivalries and the Burn Derby keep a running count of burns.

When a league's season ends, the coin with the most receipts is named its champion. That is a line on a scoreboard, and nobody receives anything for it.

Leagues · Scoreboards · Burn Derby

The first coin, $DEFICIT

Each full $1B that the U.S. national debt rises from one business day to the next is one unit. Each unit spends 2% of $DEFICIT's burn pool buying $DEFICIT at market, and everything bought is burned. The devnet rehearsal coin ran the same rule text at 1% for each unit.

We replayed the rule over the real Treasury figures from January 2025 to October 8, 2026. It would have counted 235 burn days and 6,490 units. This is a look back, and it predicts nothing. The second publisher, FRED, reports this debt only once a quarter. It can confirm the quarter ends but not each daily reading.

Its rules are locked and its mint address is fixed. The coin is created when the operator runs the create, and its card on the coin list says which state it is in.

The $DEFICIT page

The precise terms

The coin pages and the docs use these words. Each one is defined here once.

Burn

A burn destroys tokens held by the program and lowers the coin's total supply; it never touches the tokens in your wallet.

Receipt

A receipt records the source result, the rule's calculation and the transaction; checking one can be complete, partial or unavailable.

Burn pool

One coin's burn budget in SOL; nobody can withdraw it, and in a registered pair the other coin's share joins it when this coin's rule fires.

Reading signer (attester)

A key that signs a reported source value; the signature proves who signed it, not that the value is true.

Locked LP

The trading pool's liquidity position, locked with Raydium's permanent lock so its principal cannot be withdrawn.

Fee Key

Raydium's record of the right to claim the locked position's trading fees, held by a program-controlled address.

Moved to trading pool

Graduation is when the coin leaves its launch curve for an outside trading pool, and the lock and registration steps come after it.

Wind-down

After a rule ends, scheduled burns spend down what is left in the burn pool before the coin retires, though a retired coin's pool can still hold SOL.

Automation

The keeper: software that submits the program instructions that are due; the program can still refuse or defer each one.