ECT — Electroconvulsive Therapy — is the native token of the Meme Asylum ecosystem. It is not a governance token in the traditional sense, and it is not a reward token. It is a fuel token: you burn it to participate, and the act of burning is what gives the system its economic backbone.
As of March 2026, over 57% of all ECT ever minted has been permanently destroyed — more than 1.1 billion tokens removed from circulation. That number grows with every cycle.
Contract and Chain
ECT is deployed on Base chain at: `0x1540902B791B86991e170D7C2056C0e13A56762A`
Base is Coinbase's Ethereum Layer 2 network. The choice of Base matters because the Meme Asylum protocol requires multiple on-chain transactions per cycle. On Ethereum mainnet, gas costs would make small participation economically unviable. On Base, transactions cost fractions of a cent.
Initial Distribution
ECT launched with a total supply of 100 million tokens, distributed as follows:
- 50% — Team reserves: Held for long-term protocol development and future cycles
- 20% — Liquidity: Seeded into the initial trading pool
- 20% — Marketing: Community growth, listings, and ecosystem expansion
- 10% — Development: Ongoing technical development
The bootstrap price was set at $0.0025 per ECT, doubling with each new cycle as the deflationary mechanics reduce supply.
The Burn-to-Vote Mechanic
The primary use case for ECT is voting. In each 28-day cycle, during the first 14-day phase, participants burn ECT to cast votes for competing meme token proposals. Burning is permanent and irreversible — once ECT is burned, it is gone from the circulating supply forever.
This is not staking. There is no withdrawal mechanism. Your burn is your commitment.
The size of your burn determines two things simultaneously: your voting weight in the current cycle, and your position within the Tiers of Madness multiplier system for Phase 2 minting.
Tiers of Madness
The multiplier system is position-based, not amount-based. Your tier is determined by where your burn sits relative to all other voters in that cycle:
| Position | Base Multiplier |
|---|---|
| Bottom 25% of voters | 2.1x |
| Second 25% | 2.25x |
| Third 25% | 3x |
| Top 25% | 4x |
These are base multipliers. An additional timing bonus of **+0.1x per remaining day** in the vote phase rewards early participation. If you vote on Day 1 with the highest burn position, the maximum possible multiplier is **5.4x**.
The multiplier only applies up to the amount you burned in Phase 1. Any excess tokens minted beyond that are issued at 1:1.
Phase 2: Minting
Once the voting phase closes and a winning token is determined, Phase 2 opens for 14 days. During this phase, participants who burned ECT in Phase 1 can mint the winning token using additional ECT at their earned multiplier rate.
For example: if you burned 100,000 ECT in Phase 1 and are in the top tier with a 5.4x multiplier, you can mint 540,000 of the winning token with 100,000 ECT.
The winning token launches with a permanent 1:1 Uniswap liquidity pool, with LP tokens immediately burned. The liquidity is locked forever.
Reverse Burn Mechanic
The reverse burn allows holders of launched meme tokens to burn them back to ECT. The mechanic starts at a 1:1 ratio and becomes progressively more favourable as the supply of the launched token decreases through halvings.
The reverse burn rate doubles with each supply halving:
- Initial: 1x (1:1 ratio)
- After 1st halving: 2x
- After 2nd halving: 4x
- After 3rd halving: 8x
- After 4th halving: 16x
- After 5th halving: 32x (maximum)
Supply Deflation
Current supply statistics (March 2026):
- Total ever minted: ~2.18 billion ECT
- Total burned: 1.1 billion+ ECT
- Burned percentage: ~57.3%
- Circulating supply: ~831 million ECT
Where to Get ECT
ECT trades on Uniswap on Base chain. The contract address is `0x1540902B791B86991e170D7C2056C0e13A56762A`. Always verify the contract address before purchasing.