Buy $CRASH on Uniswap. No mint page, no allowlist.
Your balance crosses a whole number. A cat lands in your wallet.
Sell that token. The cat burns.
2% of every sell is destroyed. Not sent anywhere. Destroyed.
So the number of cats only ever goes down. There is no mint function.
Buy back in. A different cat arrives. Never the same one twice.
Hold 3.7, you own 3 cats. The 0.7 does nothing.
Nobody collects the 2%. There is no treasury wallet, no team address, no multisig sitting on a pile of tokens. The burn runs inside a Uniswap V4 hook, a contract the pool calls on every sell. It takes the tokens and destroys them in the same transaction. The hook holds nothing. Its balance is always zero.
The rate is a constant in the code. There is no function to change it, so it cannot quietly become 10% once people are in. There is no mint function anywhere, so what is burned never comes back.
And once the hook is frozen, it cannot be replaced with a different one. The contract is the whole agreement. There is nothing else to trust.