the gluebook
Token and GovernanceView .md

$GLUE the Token

The horses are the bets. $GLUE is the asset that accrues from the whole track.

The contract

Official $GLUE: NpqoucNKKJ62PwikH4NBvTm3R7mgREXoTtv7nJSGLUE

Always verify the contract address from our official channels before buying. The ticker ends in GLUE on purpose.

Buy and burn

35% of every race pot is used to buy $GLUE on the open market and burn it. These are real on chain SPL token burns, not transfers to a dead wallet. Supply goes down, race after race, forever. A busy race burns more than a quiet one, so volume on the track feeds the token directly.

Why hold $GLUE

You are not long one horse. You are long the whole track. Every race, win or lose, burns $GLUE. The more the track is played, the scarcer it gets.

$GLUE also powers governance. Holding it gives you a vote in Glue Congress.

Treasury

The keeper wallet that runs the track is also the treasury and the dev. It takes 5% of each pot to cover gas, minting, payouts, and burns. There is no separate insider allocation skimming the pot. The split is enforced in code and sums to exactly 100%.