How BagsBurner Works
An automated service that converts your Bags.fm creator fees into continuous deflationary pressure. Every trade on your token automatically reduces its supply.
The Problem
Token creators on Bags.fm earn 1% of all trading volume as fees. These fees typically just sit in a wallet, doing nothing for your token or community.
The Solution
BagsBurner automatically claims your fees, buys back your token, and permanently burns it. Your trading volume now directly reduces supply.
Setup Process
Launch your token on Bags.fm
Create your token as normal through the Bags.fm platform.
Add bot wallet as fee claimer
In your token settings, add our bot wallet as an authorized fee claimer.
That's it - fully automated
The bot monitors your token 24/7 and automatically processes burns every 60 seconds.
The Burn Cycle
Every 60 seconds, for each token with claimable fees above 0.005 SOL:
Claim Fees
SOL fees claimed from Bags.fm to bot wallet
Deduct Service Fee
1% sent to treasury, 0.005 SOL reserved for transaction fees
Swap SOL → Token
Remaining ~98.5% used to buy back your token
Burn Tokens
SPL Token burn instruction permanently destroys tokens, reducing on-chain supply
Fee Breakdown
Service Fee
1%
Transaction Fees
~0.5%
Buyback & Burn
~98.5%
Maximum efficiency. Nearly all your creator fees go directly into burning your token supply.
Technical Specifications
Poll Interval
60 seconds
Minimum Claim
0.005 SOL
Slippage Tolerance
5%
Burn Method
SPL Token Burn
Security & Safety
Non-Custodial
Bot never holds your funds. Only claims fees assigned to it.
No Mint Access
Cannot create tokens. No mint or freeze authority access.
Read-Only Relationship
Cannot access your wallet or modify your token in any way.
Fully Verifiable
All burns recorded on-chain with Solscan transaction links.
Integration
Ready to start burning?
Add the bot wallet to your token and watch your supply decrease automatically.