backers
Buy $BACK

Back the
backers.

A meme with a treasury. Every $BACK trade pays a 3% fee to holders. The treasury invests in projects raising on Backable. Profits come home on a public ladder..

Buy $BACK on StonkFunSee the treasury

Independent community project. Not affiliated with MetaDAO or Backable. Backable raises are permissionless and unvetted.Raises are permissionless and unvetted.

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treasury NAV
BACKtr3a…6uA3bC
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earned from fees
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paid to holders
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treasury NAV
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$META earned
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$META paid out

Treasury BACKtr3a…6uA3bC

How it works

  1. Trade

    $BACK trades against $META on StonkFun with a 3% trading fee, paid in $META and shared across all holders. The treasury holds 36% of supply, so it earns its share too.3% fee on every trade, paid in $META to all holders.

  2. Back

    The treasury invests in projects raising on Backable. Decision markets, futarchy-style, will pick the investments as the treasury grows. Every commit is posted with its transaction.Treasury invests in projects raising on Backable.

  3. Ladder

    Backed tokens sell 25% at 2x, 4x, 8x and 16x. The treasury never sells under 2x.Sell 25% at 2x, 4x, 8x, 16x. Never under 2x.

  4. Rebalance

    Every month the treasury rebalances between $BACK and $META on how each has performed, and puts the rest to work building the investment portfolio.Monthly: rebalance $BACK / $META on performance, grow the portfolio.

The sell ladder

One rule for every position. Hit all four rungs and the treasury has realized 7.5x on cost.One rule for every position. All four rungs means 7.5x realized on cost.

Treasury at launch

No presale. The team buys 36% of supply in the launch transaction and places it in the treasury as its initial asset. Those tokens earn their fee share for the treasury and only move in the monthly rebalance.No presale. The team buys 36% of supply at launch and places it in the treasury to earn fees; it only moves in the monthly rebalance.

Trading fee
3% · shared by all holders3% to holders
Quote token
$META
Treasury lock
[LOCK TERMS]
Multisig
[N]-of-[M] · BACKtr3a…6uA3bC

Charter

Five rules. Written once, enforced on-chain, visible to everyone.

  1. 01The treasury only invests in projects raising on Backable. As it grows, decision markets decide what it backs.The treasury only invests in projects raising on Backable. As it grows, decision markets decide what it backs.
  2. 02Backed tokens sell 25% at 2x, 4x, 8x and 16x. Never under 2x.Backed tokens sell 25% at 2x, 4x, 8x and 16x. Never under 2x.
  3. 03The 3% trading fee is paid in $META to all holders pro-rata; the treasury's 36% earns alongside everyone else.The 3% fee is paid in $META to all holders pro-rata; the treasury's 36% earns alongside everyone else.
  4. 04Monthly rebalance: the $BACK / $META mix is adjusted on price performance and realized profits go to the investment portfolio. The plan is published before it runs.Monthly rebalance: adjust the $BACK / $META mix on price performance; realized profits go to the investment portfolio.
  5. 05The team's 36% launch buy sits in the treasury, earns fees, and is only bought or sold in the monthly rebalance. The treasury address never changes without a decision market.The team's 36% earns fees and only moves in the monthly rebalance. The treasury address never changes without a decision market.