A meme token on Solana that levies a duty on its own movement and hands the proceeds to its holders in τ — and an argument, made at some length, that the interesting part is the τ.
AbstractThe short of it
$SIR is a joke with a settlement mechanism. It is an SPL Token‑2022 mint on Solana with a fixed supply of one billion units and a three per cent fee on every transfer. That fee is not kept, not vested and not paid to a treasury: it is collected by the launch platform and distributed to holders, pro rata, denominated in the token it is paired against — Bittensor’s τ. The founder holds no fee position and earns nothing from the duty.
The token has no utility, no roadmap, no team and no promise of return. Its single honest function is to hand a stranger a small quantity of τ and thereby give them a reason to find out what τ is. This document explains exactly how that works, what the founder holds, how to verify every claim in it yourself, and the eleven distinct ways in which it can go badly.
Section IThe token
| Field | Value |
|---|---|
| Name | Bittensirr |
| Symbol | $SIR |
| Chain | Solana, SPL Token‑2022 |
| Supply | 1,000,000,000 — fixed |
| Transfer fee | 300 bps (3%) |
| Paired against | TAO — taoC6xyv2v8tDLcev4uaGUgV4vdQsWJrGft2kcBRrBY |
| Venue | StonkFun, on a Raydium LaunchLab curve, in reward mode |
| Mint address | DMwrQqpQowSgvgujffVa3j8SNaXa3wHZALC3WQ74pcJ6 |
The supply is minted once, in full, at creation. There is no inflation schedule, no unlock cliff and no treasury allocation, because there is no treasury. Every token that is not bought by the founder at launch (§IV) is sold into the bonding curve by the same mechanism available to everyone else, at the same prices, in the same order.
Section IIThe duty
Token‑2022 permits a mint to carry a transfer fee: a percentage withheld by the token program itself on every movement of the token, enforced at the protocol level rather than by a contract someone has to remember to call. $SIR sets that fee to three hundred basis points.
On every transfer is meant literally. A purchase is a transfer. A sale is a transfer. Sending a bag to your own second wallet is a transfer, and is charged. There is no exemption list.
What it costs you
| Movement | Cost |
|---|---|
| Buying | 3% |
| Selling | 3% |
| Pool fee, both ways | ~1% |
| A complete round trip | ~7% |
Where it goes
The withheld fees are harvested by the platform, converted, and paid out to holders in proportion to the balance each holds — in τ, not in $SIR. Two consequences follow, and both matter:
- Your payout does not dilute you. You are not being handed more of the same token. You are being handed the reserve asset.
- The founder cannot earn from it. In reward mode there is no creator fee position to claim. The platform’s own API returns, for a coin of this type, the plain statement that “holders are paid by the token’s own transfer tax on every transfer, and trading fees go to the platform. There is no creator fee position.”
The duty is therefore a function of volume, and volume can be zero. A quiet week pays nothing. This is not a yield, it is not income, and calling it either would be a lie of the sort this document is trying to avoid.
Section IIIHow a payment reaches you
There is no claim button, no staking screen and no dashboard to visit. The distributor sends the τ directly to the token account of every holder, in batches — roughly seventeen recipients per transaction — and it simply appears.
To describe the shape of this honestly rather than theoretically: on a comparable coin launched on the same platform, in the same mode, against the same τ, the distributor had paid out 1,012 τ across 86,899 individual payments to 4,615 holders within roughly one day of launch. Those figures are readable by anyone from the platform’s public API and were read from it, not estimated.
Section IVThe launch, and what the founder holds
The token is launched through the StonkFun interface onto a Raydium LaunchLab bonding curve. Buyers transact against that curve until it fills; when it does, liquidity migrates to a standard automated market maker and trades there. Most launches never reach that point.
| Item | Value |
|---|---|
| Founder purchase at launch | 155,935,014 $SIR — 15.594% of supply |
| Founder allocation, free | none |
| Founder share of the duty | nil |
| Vesting | none — there is nothing to vest, the tokens were bought |
Those 155,935,014 tokens are subject to the same three per cent duty as everyone else’s, in both directions. There is no exemption, and none can be added: the fee is a property of the mint, not a rule in a contract.
Section VWhat the whole thing is for
A meme coin that pays you in its own token is a closed loop. A meme coin that pays you in someone else’s network is an introduction.
Bittensor is a network that pays for machine intelligence. Miners compete to produce useful output, validators score them, and emission flows to whoever proved useful this epoch. There are well over a hundred subnets, each a live market for a different kind of work: some are extraordinary, some are theatre with a logo, and learning to tell them apart is a genuine skill with a genuine payoff.
$SIR’s only real function is to put a small amount of τ into the wallet of somebody who came for a joke, so that they have a reason to go and look. The site sets out that path in five steps — buy, be paid, learn, stake, choose — on The Road to Billions, with links out to the network’s own documentation and to independent data. Sir is paid by none of them.
If you take nothing else from this document: the token is the doorway, not the room.
What holding opens
The site grants a few privileges by size of holding. They are listed here so that nobody can later claim they were promised something else:
| Standing | From | What it opens |
|---|---|---|
| Guest | any $SIR | a Card of Standing drawn from your own address |
| Member | 100,000 | the full wardrobe, unlocked at once |
| Patron | 1,000,000 | portraits at full plate size |
| Governor | 5,000,000 | the card sealed in wax |
| Peer | 20,000,000 | the foil frame |
Section VIVerify it yourself
This site and this paper make six factual claims. Not one of them asks for your trust: every one is readable on the chain by anyone, in a browser, in about two minutes. Check them there rather than believing this page.
| The claim | How you check it |
|---|---|
| Supply is fixed at 1,000,000,000 | The mint account shows mintAuthority: null. If it is not null, more can be printed. |
| No balance can be frozen | The same account shows freezeAuthority: null. |
| The duty is 3%, on every transfer | The Token‑2022 transferFeeConfig extension reads 300 basis points. Note its authority as well — §VII.6. |
| It is paid to holders, in τ | The pool’s quote asset is the TAO mint given in §I, character for character; and the platform publishes total distributed, holder count and payment count for the mint. |
| The founder earns nothing from the duty | Reward‑mode launches carry no creator fee position. The platform’s own fee endpoint returns none for a coin of this type. |
| The founder holds 15.594% of supply, bought on the same curve | Read the creator address’s token account against the mint’s supply. The pair’s first trades show the purchase itself. |
The project ships a script, verify.py, that runs the on‑chain half of this table against a mint address and prints a pass or fail per line. It was tested against a comparable live token before this document was written.
Section VIIHow this goes wrong
Listed plainly, in roughly descending order of likelihood. None of these are hypothetical courtesies; they are the actual failure modes.
- It goes to zero. Most meme tokens do. This one has no revenue, no product and no floor. Buy only what you are content to lose entirely.
- The duty pays nothing. It is three per cent of volume. If nobody trades, three per cent of nothing is nothing.
- The curve never fills. Most launches on this platform never graduate to an open market. Liquidity stays thin and exit is expensive.
- Seven per cent friction. A round trip costs about seven per cent before any price movement at all. Trading it actively is a losing arrangement by construction.
- You depend on the platform to pay you. Harvesting the withheld fees and distributing them is performed by the launch platform’s distributor, not by the token. If that operator stops, the fee still accrues but the payments stop.
- The fee authority is not yours. Until graduation, the transferFeeConfigAuthority sits with the platform. A party other than you can, in principle, alter the fee before that point.
- Bridge risk on the quote asset. The τ here is a bridged representation on Solana. A failure of that bridge is a failure of the thing you are paid in.
- Token‑2022 limits venues. Many centralised exchanges do not support transfer‑fee tokens. Do not assume a listing is possible, let alone coming.
- The founder holds 15.594 per cent — more than was planned — and can sell it at any time, without warning. There is no lock, no vesting and no undertaking not to, and this document does not pretend otherwise. Treat it as the largest single risk on this list after the price itself.
- Impersonation. Fake mints with this name and artwork are close to certain. Verifying the address is your job and nobody else can do it for you.
- Tax and law are your problem. Receiving τ may be a taxable event where you live. Sir keeps no records and files nothing on your behalf.
Section VIIIWhat this is not
This is not investment advice, financial advice, tax advice, or an offer or solicitation to buy anything. It is a description of a mechanism and an argument about where to point your curiosity.
Bittensirr is an independent meme project. It is not affiliated with, endorsed by, or connected to Bittensor, the Opentensor Foundation, StonkFun, Raydium, Solana, or any site linked from it, and is paid by none of them. The three per cent duty is enforced by the token contract and paid to holders; it is not income, yield, or a dividend in any legal sense.
Nothing here promises that the number goes up. The only thing this document is willing to promise is that it has not lied to you about the mechanism.
— Sir
Bittensirr · Edition I · September 2026 · bittensirr.com