SMOKE ON THE WATER
Oil Burns on the Water
$OIL
Oil burns. Creator rewards are collected and used to buy back $OIL tokens, which are then permanently burned on-chain. Supply shrinks. The fire keeps going. Smoke on the water.
Status
--
Tokens Burned
0
Burn Events
0
Last Burn
Never
Rewards Claimed
0
The Burn Cycle
$OIL follows a deflationary buyback-and-burn model. Creator rewards from pump.fun are automatically collected. The SOL is used to buy $OIL tokens from the market, which are then permanently destroyed via on-chain SPL burn. Every cycle reduces total supply forever.
1
Collect
Creator rewards claimed automatically
Creator rewards claimed automatically
2
Buy Back
SOL used to buy $OIL from the market
SOL used to buy $OIL from the market
3
Burn
Tokens permanently destroyed on-chain
Tokens permanently destroyed on-chain
Recent Burns
No burns yet