If the $STANDARD licence auction sells out for the next five days, close to 40% of the supply will have been burned out of existence. Here's how that works: There are 1,000 charters (banks) and each one can grow to 10 branches. To open a branch you need an expansion licence, and licences are paid for in $STANDARD. Every token spent on one is burned Day one: 100 licences sold in under four minutes, at 12,000 falling to 11,888 each. That's 1.19M tokens, 1.2% of the entire float, in one auction. The auction reopens every day at double the previous day's last sale. So tomorrow opens at 23,777. If it sells out again, that's 2.4M more. Five sellouts in a row is 36.9% of the float. Now here's the catch: the price doubles, the yield doesn't. Today, a licence cost 17 days of one branch's earnings. Tomorrow's costs 37. By Friday it's 177, by Saturday 380. At some point it won't be worth it anymore and the price will fall back towards the floor. Nobody knows when that day will come. So till then, let the fun continue.