NOT LAUNCHED YET. there is no $CEILING contract. if some1 shows u one, it is a fake and ceiling cat is watching them do it.
teh real one gets posted here, on dis page, first.
TEH REAL CONTRACT
dis page is teh only place we post it. if it does not match, it is not us.
THE CEILING #1
NOT LAUNCHED — BREAK IT & HE RAISES IT
HE IS WAITING
a ceiling is the highest price that held for ten minutes. one-block wicks do not count. he is not stupid.
wat is dis
$CEILING is a coin wif one job: raise teh ceiling.
4% of every trade goes to a vault. Teh vault buys. Teh vault burns wat it buys. Teh vault locks wat it adds. Nobody, including us, can tell it to stop — teh rule lives in teh contract.
Ceiling Cat has been up there since 2007. He has never come down. He is not going to start now.
teh rulez
BEFOR GRADUASHUN — teh vault buys on teh curve. Every buy pushes teh raised total toward 4.20 ETH.
AFTR GRADUASHUN — every raise does 2 things, same split every time: 70% buys + burns (teh ceiling), 30% gets locked in teh pool 4evr (teh floor). No switch. No mood. Nobody picks.
ALWAYS — it keeps nothing. Wat it buys and cannot lock, it burns. A bag we sit on is a ceiling of its own.
ANYONE — teh vault is permissionless. U can call it urself and take teh bounty. We do not decide when teh cat moves.