HOW p0nz1 WORKS

p0nz1 is an Ethereum mainnet ERC-20 token issued through a bonding curve on a Uniswap V4 hook. It is inspired by sat0 (sat0.org) and preserves sat0's "no operator" philosophy entirely: no admin, no upgrade path, no team allocation, no pause button, no extractable treasury. The same code, running the same rules, forever.

On top of that, p0nz1 adds a yield layer: the 3% fee paid by sellers flows directly to holders who choose to "ascend" (lock their tokens). The longer they lock, the more yield they earn.

p0nz1 does not trade in a traditional liquidity pool. Tokens are minted and burned directly against the contract's ETH reserves through a mathematical curve. The curve formula is identical to sat0's:

minted(eth) = K · (1 − e^(−eth/S))

Where K = 21,000,000 (supply asymptote) and S = 500 ETH (curve scale). The variable "eth" is the cumulative net ETH ever paid in.

The curve approaches K asymptotically but never reaches it. At ≈2,302 cumulative ETH, the curve hits 99% of K (= 20,790,000 tokens), and at that moment the contract permanently disables minting.

Buy (0% fee)

You send ETH to the contract; the contract mints new p0nz1 tokens directly to your wallet at the curve price. 0% buy fee. Capped at 5 ETH per transaction. Buying and selling in the same transaction reverts (anti-flash-loan-arbitrage).

Sell (3% fee)

You burn p0nz1 back to the contract; the contract pays you ETH from its reserves (priced by the inverse curve), minus a 3% fee. The 3% does not vanish: it goes into the yield pool for ascended holders, distributed pro-rata.

Any holder can lock p0nz1 for a chosen duration to receive an ERC-6909 claim token (an "ascended" position). Locking burns your underlying p0nz1; the claim is your receipt. After the lock expires, you can burn the claim to receive your p0nz1 back.

Locked tokens earn a share of sell fees, weighted by (locked amount × multiplier). Unlocked p0nz1 earns nothing.

Lock tiers:

• 1 day → 2× multiplier (INITIATE)
• 3 days → 3× multiplier (ADEPT)
• 7 days → 5× multiplier (HIEROPHANT)
• 15 days → 10× multiplier (GOD)

Every sell produces a 3% ETH fee. That fee is immediately added to a global accumulator:

accEthPerWeightedShare += fee × 1e18 / totalWeightedShares

Each ascended position's pending yield = (their weightedShare × accEthPerWeightedShare / 1e18) − their debt. Anyone can call claim() at any time to withdraw their accrued ETH.

Important: if a sell happens before the first ascender exists, those fees go into queuedFee, which then drains in full to the first ascender on their first ascend — a one-time "first staker" windfall.

When the total minted supply hits 99% of K (20,790,000 tokens, at ≈2,302 cumulative ETH), the selfDeprecated flag in the contract permanently flips. From that moment forward:

• Buys revert forever — no more tokens can be minted.
• Sells continue forever. Anyone holding p0nz1 can burn it for ETH using the inverse curve.
• The remaining 1% of K (210,000 tokens) never enters circulation.
• Ascended holders continue earning from sells.

The maximum supply that can exist in eternity is 20.79M.

• 5 ETH per-buy cap — no one can vacuum a meaningful share of supply in one transaction.
• Same-block buy + sell reverts — flash-loan arbitrage is uneconomic.
• Random multiplier in the first 100 blocks (0.9–1.1×) — taxes bots tuned to the deployment block.
• Strict solvency check — sells can never withdraw more than the curve's reserves can pay, ascended funds stay isolated.

The p0nz1 contract has the following invariants, encoded directly into the deployed bytecode:

• No owner. No admin. No "onlyOwner" function.
• No pause. The contract cannot be stopped, paused, or frozen.
• No upgrade path. No proxy. No implementation address. The bytecode at the deployed address is final.
• No team premint. No team allocation. No vesting.
• No fee recipient. The 3% fee goes to ascended holders, not to any team wallet.

The source code is verified on Etherscan. Read it before interacting. The only official account is @_p0nz1_ on X.

Understand what you're signing.

• Bonding curve tokens are highly speculative. Early buyers pay nearly the same price; late buyers near termination pay 100× more.
• Ascend locks are irreversible until expiry. You cannot sell from a locked position before its unlock time.
• The 3% sell fee flows to ascended holders, not to you.
• Smart contract risk: the code is audited and has no admin backdoor, but smart contracts are never 100% safe.
• MEV risk: while the contract blocks same-block buy+sell, other forms of MEV (front-running etc.) are still possible.