The basket what every trade buys and burns
100 top memecoins, bought and burned.
30% of every fee, after Meteora's cut, buys this basket and burns it: the 100 largest Solana memecoins that are at least 90 days old, cannot be minted or frozen by anyone, and can take a $1,000 buy for 3% or less. Each coin is burned out of its own supply as soon as it is bought. Weights follow market cap, capped at 10% a coin, so the small coins are small slices.
$SMORE set aside for the basket so far
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Nothing is kept. A burn cannot be undone. These burns shrink the supply of those 100 coins, not of $SMORE.