Pellet's revenue buys back the token, then burns it.
Pellet measures every Tempo stablecoin — peg, policy, reserves, rewards, flows, role holders. Agents, DAOs, and institutions pay for that data in USDC.e. Your share of the network grows as more of them pay.
Every month, four steps: snapshot Pellet's USDC.e revenue. Take a tier % (see below). Market-buy $PLLT on enshrined.exchange. Send the bought tokens to a burn address.
The supply permanently shrinks. The same number of holders own a bigger slice of a smaller pie.
The buyback rate scales with Pellet's revenue so the engine doesn't starve the build:
You're not buying a tool. You're buying ownership in a shrinking token whose supply burns as Pellet's revenue grows.
If you actually use Pellet's data — as a builder, agent operator, or DAO — holding above a threshold replaces every paid endpoint with free access.
Bonus, not the headline. The buyback engine works whether you ever touch the API or not.
Tempo is becoming the chain for programmable money. Stablecoins on Tempo need verified data — for treasury reporting, audit, compliance, and AI-agent integration. Oracle aggregators return null on Tempo-native stables. Pellet is the only data layer that measures them block-by-block, re-verifiable against any archive node.
As more value moves through Tempo stablecoins, more serious actors need Pellet's data. More paid calls means more buybacks. More buybacks means a smaller supply. The same holding represents a larger fraction of the network.
Holding the token is exposure to Tempo stablecoin AUM growth via the data layer. Not a dividend you have to claim — a supply curve that bends in your favor.
Every buyback transaction is published — date, USDC.e amount spent, tokens bought, tokens burned, tx hash. Anyone can audit the engine against onchain data.
- STEP 1Snapshot Pellet revenueAt month-end, sum every USDC.e payment received via MPP plus every Pellet Pro subscription dollar.
- STEP 2Apply the tierTake the buyback percentage based on which revenue tier the month landed in (0% / 10% / 15% / 20%).
- STEP 3Market-buy on enshrined.exchangeSpend the budget buying $PLLT from the enshrined DEX. Slippage is reported in the cycle post.
- STEP 4BurnSend the bought tokens to
0x000000000000000000000000000000000000dead. Permanent. Tx hash and burn amount published the same day.
- STEP 1Get pathUSD on Tempoenshrined.exchange quotes Pellet against pathUSD (Tempo's native unit of account). Bridge USDC → USDC.e via Stargate, then swap USDC.e → pathUSD on the enshrined DEX. If you already hold USDC.e, you only need the second swap.
- STEP 2Open the token on enshrined.exchange
- STEP 3Swap and holdThat's it. The buyback engine runs at month-end. Free product tier kicks in immediately if you cross a hold threshold.
- Not a self-flywheel.Some buy-and-burn tokens fund their buyback from their own trading volume — when volume dies, the buyback dies. $PLLT is funded by Pellet's external API revenue (USDC.e from agents, DAOs, and institutions). The engine doesn't depend on you trading the token.
- Not a dividend.Pellet doesn't send USDC.e to your wallet every month. It uses revenue to buy tokens off the market and destroy them. You benefit from a shrinking supply, not a recurring payment.
- Not governance over what Pellet builds.The product team owns the roadmap, the methodology, and pricing. Token holders benefit from Pellet's growth — they don't direct it.
- Not a quick flip.Pellet's monthly revenue is below the first buyback tier today. The first burn happens once revenue crosses $5K/mo. The bet is on Tempo stablecoin AUM growth — measured in quarters, not weeks.
- No staking, no lock-ups, no claim flow.Holding is the action. The buyback engine works in the background. Boring on purpose.