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Economic examples

Interactive arithmetic from the earlier financial model, retained for inspection rather than adopted as launch terms.

How to read the examples#

Illustrative inputs

These tools aren't forecasts, supply allocations, market-capacity estimates or approved fee policies. They preserve earlier modeling functionality. The baseline acquisition design is the 25/45/30 contribution framework, not the trader-cap example below.

Creator receipts are supplementary capital. External LP and maker commitments aren't included in the calculator and aren't implied by its results.

Reference assumptions, not approved launch terms
Creator component
30 bps
Treasury entitlement
80%
Conversion haircut
2%

The venue must support the creator-fee recipient rights. These receipts aren't a tax on wallet transfers.

Received USDC$23,520
Market vaults 80%$18,816

Capital for qualified perp pairs and AMM strategies.

Insurance 20%$4,704

Separate reserves under defined loss rules.

Creator entitlement $30,000Treasury route and conversion $23,520

Contribution-budget example#

This calculator divides an example token budget using the baseline 25/45/30 weights. It doesn't set issuance, supply, scoring coefficients or a claimable award.

Rewards follow three measurable contributions.

The baseline weights divide participant rewards, not exchange revenue or total token supply.

Read the scoring design
Margin committed over time

Committed OI

Capital and time at risk matter more than leverage-amplified notional. Concentration and related-account controls constrain the score.

Trading
25
Committed OI
45
Maker depth
30

Units illustrate the weights. They don't set issuance, supply or a claimable award.

Initial distribution

A limited public circulation establishes open-market price discovery.

Contribution-led releases

Bounded epochs allocate tokens to trading, committed OI and maker depth.

Revenue-supported participation

Acquisition subsidies decline as recurring fees support the venue and defined participant economics.

Locking incentives and bounded anti-dilution mechanisms sit within the same supply discipline. Release amounts, lock terms and distribution rights will be published with the final tokenomics.

Creator-receipt arithmetic#

Received USDC equals eligible token swap volume multiplied by the effective creator-fee component, the treasury entitlement and the net conversion factor. The example uses 30 bps, an 80% entitlement and a 2% conversion haircut. Its subsequent 80/20 vault/insurance split is a separate illustrative policy.

None of these rates establishes actual venue rights or expected token volume. Received capital isn't equivalent to available quoting depth.

The historical fee budgets#

The bootstrap illustration assigns 20% to operations, 15% to LP/maker compensation, 10% to insurance, 5% to token purchases, 40% to vault growth and 10% to eligible holders. The scaled illustration changes the last two to 25% each.

The tool applies an illustrative shortfall override to discretionary purchases, growth and holder allocations. It doesn't model every operating cost, trading loss, withdrawal constraint or market risk. The earlier automatic $100,000 phase threshold isn't adopted as a launch rule.

The historical trader-cap example#

The example limits a pro-rata award's reference value to 20% of eligible paid fees, within a funded budget. Its seven-day epoch and 30-day lock are example terms. They don't replace the original contribution framework or define final LP and maker compensation.

For the actual design, read trade-to-own, perp fees and token rights.

Product specification · October 2026