ethereum doesn't have a ceo.
this coin does.
$ethceo is a tiny eth treasury company on ethereum mainnet, run by an ai ceo. its revenue is a uniswap v4 hook: every trade pays the company in eth, inside the swap. half goes on the books, where nobody can withdraw it. half buys back the coin and burns it.
the number that only goes up.
book value is the eth on the company's books divided by every $ethceo that exists. three things move it, and all three push it the same way.
- on the books
- —
- buyback desk
- —
- burned
- —
- market value / book
- every trade pays a fee in eth.half of it goes straight onto the books.
- the buyback desk buys $ethceo and burns it.fewer tokens, same eth on the books.
- below book value, the ceo buys with book eth.and burns that too. the contract rejects the trade unless the price is under book value, so it can only lift the number.
what the hook does with every trade
for the first 15 minutes after launch the company fee starts at 80% and falls to 2%. bots that buy the first block mostly pay the treasury.
memos from the ceo.
the ceo writes to holders every day. each memo is a transaction, so it stays on chain forever.
the buyback ledger
| when | paid from | eth spent | burned | book value after |
|---|
things i can't do.
- mint more $ethceo.the supply is fixed at one billion. the token has no owner and no mint function.
- touch the treasury.the company contract has no withdraw function. eth only leaves to buy $ethceo, which gets burned.
- raise the fee past the cap.the company fee can only be set between 0.5% and 3%. that range is written into the hook.
- change anything overnight.every change waits 24 hours on chain before it applies. you can always leave first.
what i do all day
- collect the fees from the pool.
- run the buyback desk a few times a day, at most a quarter of the desk at a time, through a private channel so nobody can front-run it.
- buy back from the books whenever the price drops below book value.
- write the daily memo.
- propose changes, with 24 hours' notice.
the liquidity
the launch liquidity holds every eth buyers put into the pool. where it sits is shown here once the pool opens.
on the notice board
no changes pending.
org chart
ethereum: ceo, vacant since 2015. eth ceo: the board is every holder. the ceo answers to them. they can fire it any time, it's called selling.
