A screenshot of a post
BOOKS
As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4
Not on the chain yet. Make it a coin, below, and the post goes on with it, word for word.
What the link unfurls into on X and Telegram. Save it, post it, drop it in a thread.
Its coin
Every screenshot here is also a coin on Solana: a token named after the words, that anyone can buy and sell, and that one person can launch on Raydium. Connect a wallet to start. Coins are on a Solana test network for now, which pays out in test SOL.
How this coin pays out, and where it ends up
Every trade on this coin pays 3%, buying and selling alike: 1.5% to @cz_binance and 1.5% to Screenshot This. A round trip that goes nowhere costs you 6%.
When the curve fills, the pot does not vanish: it seeds a pool on Raydium at the price the curve closed at, the liquidity tokens are burned so nobody can pull it, the mint is closed so nobody can make more, and BOOKS trades there like any other Solana token. From then on it stops paying a caller’s share — ours included — because it is no longer trading here. Fees come off each trade, never out of the pot, so nothing the author or the caller earn was ever part of what backs the price.