Post a thesis on a coin you hold. Its own fees fire a buyback, burn what they buy, and pay you 30% of the run.
Fixed at deploy. There is no function that changes these.
The machine
Nothing behind a casing. Every gate, weight and address the engine uses is published, along with the reasoning for each one.
Verify
The page reads the bytecode and prints what it finds. Point it at a competitor’s fee wallet and read the result out loud.
$BACK
The only coin fed by every other coin, running on the same contract as everything else here, with no exception written into the code for it.
Contract address
pre-launchNot launched yet
The address will appear here, and nowhere else first.
Only trust an address published here or on the official X account. Anything sent to you in a direct message is a fake.
The problem
Two generations of sites have tried this. Each fixed one thing and left the important thing alone.
People argue the case for a coin every day, in public, for nothing. The writing moves the price. The writer is never on the receipt.
The first sites to turn writing into a buyback kept each coin's fees in an ordinary address whose key one operator holds, and only that operator's server could spend it.
The sites that do pay writers make the share a per-coin setting. We read one platform's public API and found live coins advertising thesis rewards with that share set to zero.
Every number on those homepages comes out of a private backend. There is no way to verify a single claim without asking the people making it.
The machine
This is the whole product. Nothing behind it is a dashboard you have to believe.
4% comes off the quote leg of every buy and every sell, the same on every coin here.
proofWritten into the token record at creation. No setter exists.
Not a wallet. A BackVault with no owner, no withdraw function and no upgrade path. It holds exactly one coin's money.
proofRead the verified source. Look for a function that moves ETH to an arbitrary address. There isn't one.
Written in the social app, not here. The author must already hold the coin. No signing, no gas.
proofWe cannot write one. That is the point of it living somewhere we do not own.
This text, this author, this wallet, this timestamp, this coin. A typed receipt, nothing more.
proofThe signer can decide when a run happens. It can never decide where money goes.
The writer, a bot, a rival, a stranger. The contract checks the receipt, the holding, the cooldown, the budget and the price impact.
proofPermissionless by design. If our server dies, the coins keep running.
Market-buys the coin, burns every token it bought, pays the writer, pays the caller, and records the receipt hash so it can never be claimed twice.
proofEvery figure on this site links to the transaction that produced it.

Nothing behind a casing
Every gate, weight and address the engine uses is published, along with the reasoning for each one.
The split
On the closest live competitor the writer's share is a per-coin dial, and we found coins advertising thesis rewards with that dial set to zero. Here it is bytecode.
60%
Burn
buys the coin, destroys what it buys
30%
Writer
the person whose thesis fired the run
5%
Caller
whoever paid the gas to press it
5%
Protocol
buys and burns $BACK
Run simulator · the contract’s own maths
liveFees at 4% = 0.8 ETH per day
Your cut as the writer
0.12 ETH
Scaled by your holding against the 2% cap. Hold 2% or more and you take the full 30%.
pay = budget × 0.30 × min(hold, 2%) / 2%
A model, not a promise. Every figure here comes out of fees the coin actually collected. A coin with no trading collects nothing and pays nothing.
Custody
Everything below is the difference between a mechanism and a service you have to trust.
Thesis-reward sites today
fomoback
The attester can
The attester cannot
Worst case with a fully malicious attester: fees the coin already earned get spent buying that coin back sooner than they otherwise would, bounded by the same 2% impact cap, with 30% going to holders who were named. That is the entire blast radius.
The gates
Every one of these is enforced in the vault, not in a backend rule somebody can edit.
Budget floor
run must be worth more than its own gas
Cooldown
10 minutes minimum between runs on a coin
Writer cooldown
6 hours per writer per coin
Impact cap
the buy may not move price more than 2%
Replay guard
each receipt hash pays exactly once, ever
Clock floor
20 minutes, so a silent coin still deploys its fees
Attack
Verify
The page reads the bytecode and prints what it actually finds. Point it at a competitor’s fee wallet and read the result out loud. That is the whole defence against somebody forking this and quietly zeroing the writer.

$BACK
It runs on the same contract as everything else here, with no exception written into the code for it.
Contract facts

Two directions at once
Its own trades pay 4%, and 60% of each run burns $BACK. Every other coin’s runs send 5% to the $BACK vault, which burns $BACK with it. Supply destruction, not a payment to holders.
Open
no bagReader
0.1%Caller
0.5%Desk
2%What this will never do
Revenue
Of every run's budget, across every coin, paid in the same transaction and routed to the $BACK vault, which buys and burns $BACK.
$BACK trades pay exactly what every other coin pays. It lands in its own vault and is spent the same way, with no exception in the code.
The launchpad charges its own flat fee. We add nothing on top. Launching here is not a business.
Architecture
Social feed
Third party. Theses, handles, linked wallets. We do not host it.
Attester
Signs typed receipts. Holds no funds. Can time a run, never move one.
Public receipt feed
Anyone can read it. Anyone can submit from it.
Callers
Our runner and any stranger with gas, competing to press the button.
BackVault
One per coin. Receives the fee, verifies the gates, buys, burns, pays.
Indexer
Chain events into a read model. Reconstructible from scratch if lost.
Roadmap
If the launchpad will not accept a contract as the fee recipient, the design changes before anything else ships. We would rather find that out in week one.
Decisions
Decision
The honest part
Watched
Deliberately ignored
Strengths
Risks we are not hiding
Plainly
The 4% comes out of the people trading the coin and goes back into the same market. It changes who holds the supply and when the buying happens.
A coin can only spend what it earned. On a quiet coin that is a small number, and a small buy into a falling market is a small buy into a falling market.
The contract counts theses. It does not read them and cannot score quality.
No fees, no runs, no payouts. The mechanism amplifies activity. It does not create it.
Every gate, weight and address, published and checkable.