How the $GIWA burn engine works: one token, two chains, every transaction onchain
The most common question we get: "$GIWA trades on Robinhood Chain, but the launchpad runs on the GIWA Sepolia testnet - so what exactly is the fee engine buying and burning?" Fair question, and the answer is one of the most honest mechanisms in the ecosystem. This article walks the whole circuit, and every single step links to a real transaction you can open right now.
One token, two legs
Leg one: the market leg. $GIWA trades live on Robinhood Chain at 0xdaB0E8CE3b999D16898709A6DfC44c953bFc43b1. That is where price discovery happens with real buyers, and that is the token that migrates 1:1 to GIWA mainnet at launch.
Leg two: the rehearsal leg. A snapshot of every Robinhood Chain holder was sealed into a merkle root, and a mirror $GIWA was deployed on GIWA Sepolia at 0xE3fa2762f3e6215EBe6587D1E53c8e74E16a6fC2 (deployment tx). Every snapshotted wallet claims its exact balance once, 1:1, at giwa.markets/swap. Unclaimed supply just sleeps in the contract - no owner, no admin keys, no minting. This is the identical machine the mainnet migration will use, running live today.
So no - testnet ETH cannot reach across chains and buy the Robinhood Chain token. What it buys and burns is the testnet mirror. And that matters more than it sounds, because the testnet is a full-scale rehearsal of the mainnet economy: same token distribution, same pool design, same fee engine, same burn address. At mainnet, the same splitter design runs with real ETH against the real token.
The machine, piece by piece
On August 10, in the span of thirty seconds, the whole engine went live on GIWA Sepolia:
| Step | What happened | Transaction |
|---|---|---|
| 1 | GiwaFeeSplitter deployed - the immutable contract that receives fees and splits them 70% burn / 30% dev. Address: 0xDa401322cdd02bF616BDb922569206812ccf8D1e | 0x9849f…3ea83 |
| 2 | GiwaPool deployed - the first GIWA/ETH pool ever to exist on the GIWA network. Address: 0x1E89814A00d56Cd4c17c52263CD0cb4b4F420A06 | 0x2699f…ea660 |
| 3 | Pool seeded - 232,766.97 testnet $GIWA plus ETH deposited as the opening liquidity | 0x72c2b…254b5 |
| 4 | Splitter armed - setPool wires the splitter to the pool, one-shot, irreversible | 0x028c4…41285 |
| 5 | All five launchpads flipped - every pad's fee recipient set to the splitter, so 100% of protocol fees from every launch mode stream into the engine | pad 1 · pad 2 · pad 3 · pad 4 · pad 5 |
The circuit
From that moment, the flow is fully automatic: someone trades any token on any of the five boards → the 1% protocol fee (testnet ETH) is pushed to the splitter in the same transaction → the pot accumulates → anyone presses the public BURN NOW lever on the board (or calls buyAndBurn() directly) → 70% of the pot market-buys $GIWA in the pool and sends it to 0x…dEaD, the address from which nothing returns → 30% goes to development. No multisig, no treasury wallet touching funds, no discretion anywhere in the loop.
The receipts so far
This is the part we are proudest of: the lever has already been pulled six times - and not by us. A community wallet (0xb5E604…0cF4) found the button and has been running the burns:
| # | Burn transaction (called by the community) |
|---|---|
| 1 | 0x7ffb4…aec5ed |
| 2 | 0x84d60…a98331 |
| 3 | 0x8ea83…4706bd |
| 4 | 0x0dd49…24e740 |
| 5 | 0xe47d8…b7ccd |
| 6 | 0xa94de…cb3e33 |
Current state, checkable live: over 37,000 $GIWA already burned to the dead address (verify in the holders tab), and the pool's opening 232,766 GIWA has been almost entirely bought out by testnet traders - the first GIWA/ETH market on the GIWA network found real demand within hours of existing.