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$DOVE
$DOVE is The Dove Journal's token on Robinhood Chain, launched on the Pons launchpad.
Contract address
The contract address is published in one place: the pill on dovejournal.com/dove. Until it appears there, the token has not launched. The journal never sends an address by message.
Two sources of burn
| Source | What burns |
|---|---|
| Journal sales | 10% of every journal a person wrote, and 100% of every journal the swarm wrote |
| Pons trading fees | 20% of the fees the journal earns as the token's creator on Pons |
In both cases the money buys $DOVE on the open market, and what is bought is sent to the dead address.
The burn ledger
dovejournal.com/dove shows, live:
- Fees earned from Pons, computed from every swap in the token's pool,
- Owed to buyback and burn, the pledged share of those fees,
- Journal sales, the USDG sent to the buyback wallet,
- Burnt to date, counted from transfers to the dead address, with each burn transaction listed.
The gap between what is owed and what has been burnt is public. That is the point of the page.
How the Pons figures are computed
Nothing about the rates is assumed. Once the contract address is set, the site reads from the chain:
| Read from | What |
|---|---|
The Pons factory's TokenLaunched event | The pool address and the launch block |
The pool's fee() | The pool fee |
The Pons locker's tokenProtocolFeeShares(token) | Pons's cut. The journal's share is 100 minus that |
The pool's Swap events | Each swap pays the pool fee on the side that came in |
Each fee is valued in WETH at the price of its own swap. Valuing token fees at today's price instead would inflate whatever was earned while the token was cheap. The total can differ by dust from what the Pons interface shows as claimable.
What $DOVE is not
$DOVE is not a share in any company in the archive, and it is not a Robinhood Stock Token. Nothing on the site or in these docs is investment advice.
