$COLBAIR
FAQ & Tokenomics
It is a digital token that was created on the Solana network. Similar to $FARTCOIN tokens, it has no intrinsic utility whatsoever.
There are a total of 1 billion $COLBAIR tokens minted, and no more will ever be created again. At the launch, 60% of the tokens were issued to Colbair himself.
You can check the price of $COLBAIR here.
You’ll need to download Phantom on your phone, create a wallet and transfer in some Solana (if you don’t have any, you can purchase some from Coinbase). After you have some Solana on your Phantom wallet, you can use the swap functionality to swap Solana for $COLBAIR!
If that’s too complicated, ask your grandson for help.
If Stephen Colbert performs a skit and interacts with Steven Colbair on the show, Colbair will burn 75% of his $COLBAIR holdings.
If Stephen Colbert talks about $COLBAIR on the show, Colbair will burn 50% of his $COLBAIR holdings.
If Stephen Colbert does the popcorn thing on the show, Colbair will burn 10% of his $COLBAIR holdings.
Burning a token is when the token is sent to a virtual incinerator where the token’s ashes are deposited into a burn wallet. When that happens, the token is effectively removed from circulation and is never able to be transferred again. Similar to when you burn paper money.