MicroTape
MicroTape is a fair-launch meme on BNB Chain. This launch is on Flap. Buys and sells pay a 5% trading tax. After Flap's own fee on that tax, the rest is sent to the treasury and buys TapeOut miners. Mined $BEM is deposited for holders of at least 10,000 $MTAPE.
Thesis: a trading tax can be a production levy if it buys irreversible capital goods whose output is a distinct, already-existing asset.
That is a design goal, not a promise of volume, yield, or price. Buy, sell, and claim are transactions your wallet signs.
At a glance
| Chain | BNB Chain |
| Launch | Flap. Supply 1,000,000,000, 18 decimals, on Flap's curve |
| Trade tax | 5% buy and sell. After Flap's fee, the remainder goes to the treasury |
| Treasury spends on | Firsto parts and the TapeOut tape-out fee. Nothing else |
| Yield asset | $BEM, emitted by PodMining, deposited into the Flap Dividend |
| Claim floor | 10,000 $MTAPE |
| Migration | 800,000,000 tokens sold, then Flap's Pancake V2 migrator |
| Team / VC allocation | None in these contracts. A launch buy is a purchase, and that bag earns $BEM |
Reading order
- Market Problems: what tax coins, reflection tokens, and rented liquidity each fail to pin down.
- Design Goals: five constraints. Each one points to a later mechanism page.
- Comparison: live designs, not hypothetical ones.
- Flywheel: how tax, miners, and
$BEMfeed each other. - Token & Curve, Treasury, Capital Flows, Dividends: identities, formulas, parameters.
- Control Surface, Risks, Contracts: who can call what, and what the contracts do not contain.
Full definitions live in the Glossary.
Identities
$MTAPE is not a treasury share. Holders cannot redeem treasury BNB at book. Authorized uses of treasury BNB are two: fill Firsto part orders, and pay the TapeOut tape-out fee. Definition: Treasury.
$BEM is the reward token TapeOut / PodMining already emits. It is not an inflation of $MTAPE, and it is not a cut of the trade tax. The treasury deposits mined $BEM into the Flap Dividend. That contract meters claims by $MTAPE balance. Accounting identity: Dividends.
The curve and the migration belong to Flap. This repo does not receive the Pancake LP and does not promise that LP is burned. Comparison: Comparison.
Hard facts
- Total supply is 1,000,000,000. At launch it sits on Flap's curve. These contracts reserve no team share and no VC allocation.
- Trade tax is 5% on buys and sells. Flap takes its commission out of that tax. The remainder is dispatched as BNB to the treasury. The tax is not split into a holder dividend or an LP add.
- Balances below 10,000
$MTAPEdo not earn new$BEM.$BEMalready booked can still be claimed. - Migration happens when 800,000,000 tokens are sold. Flap seeds the Pancake V2 pool. This project does not hold that LP.
- Mainnet contracts are not deployed. Names can be copied. Trust Contracts.
- There is no audit. This is not investment advice.
Path
The kit is fixed: 1 NAND and 9 LATCH per machine. Once a machine is started, it cannot be stopped. Queue: Treasury.
Fees
| Fee | Rate | Destination |
|---|---|---|
| Trade tax | 5% buy and sell | Collected by Flap |
| Flap commission | A cut of that tax. 5% of the tax on the fork we ran | Flap |
| Remainder | 100% of what is left (mktBps = 10000) | Treasury. Buys TapeOut kits |
| Tax dividend, LP add, burn | 0 | Not used |
On a buy, the treasury therefore receives 95% of the 5% tax, which is 4.75% of the BNB that entered. Flap sets the commission. This repo does not. Split and curve: Token & Curve. Sources and uses: Capital Flows.
Curve and machine parameters
| Parameter | Value |
|---|---|
| Supply | 1,000,000,000 $MTAPE |
| Migration | 800,000,000 tokens sold, then Pancake V2 |
| Tax window | 99 years |
| Pool-tax window after migration | 1 day on any pool, then the main pool only |
| Minimum hold | 10,000 $MTAPE |
| Dividend token | $BEM, deposited by the treasury |
| Machine | 1 NAND + 9 LATCH |
| Task | 220 (Johnson-8) |
| Batch cap | 10 machines per buy or tape-out call |
The curve lives in Flap. The machine values live in MicroTapeTreasury. After deploy the tax rates in this launch script cannot be edited from these contracts, and treasury BNB cannot be withdrawn. See Control Surface.