Trade-to-own
One bounded token reward budget pays for productive trading, committed open interest and executable maker depth.
The baseline contribution budget#
SubLiquid's acquisition design allocates each reward budget across three contribution categories. The weights are 25% for fee-producing trading, 45% for committed open interest and 30% for executable maker depth. They aren't shares of exchange fees or the token's maximum supply.
What earns an allocation#
| Category | Weight | Contribution measured |
|---|---|---|
| Trading | 25% | Eligible fee-producing activity, adjusted for contribution quality and abuse. |
| Committed OI | 45% | Margin committed over time, with risk and concentration constraints rather than leverage-amplified notional alone. |
| Maker depth | 30% | Executable liquidity, spread, uptime and quoting performance under changing market conditions. |
LP capital and managed strategies need explicit attribution to the contribution they provide. They don't create a fourth, uncapped reward pool or justify paying twice for the same service.
Epochs, locking and supply discipline#
Participants earn allocations over defined epochs rather than receiving an unlimited mint for every trade. The issuance and release policy bounds each budget and schedules a reduction in acquisition subsidies over time.
Locking incentives reward longer commitment under disclosed terms. Bounded anti-dilution mechanisms belong in the same supply model as contributor, team and investor releases; they can't promise unlimited compensation or override the maximum-supply policy. Their limits, coefficients and rights require final reconciliation.
Reserved token releases and purchases of circulating tokens are separate funding sources. A capped maximum supply can support distributions from a participant reserve, but the final issuance schedule and reserve size aren't specified here.
Contribution quality and retention#
Self-trades, connected-account churn, circular flows and temporary OI created only to collect rewards don't earn organic-flow credit. Eligibility needs self-trade prevention, related-account review, concentration limits, delayed claims and documented treatment of disputed scores.
Maker scoring measures available execution rather than displayed quotes that disappear. OI scoring accounts for margin and time at risk. Track repeat trading and retained capital as subsidies decline, with incentive costs included in the assessment.
What the model doesn't promise#
Trade-to-own distributes a stake through qualifying participation. It doesn't reimburse every fee, guarantee future token value or make tokens nontransferable. Open-market buying can continue after direct launch distribution ends.
Final scoring formulas, release amounts, lock terms and economic rights will be published together. The reward budget remains separate from both fee distributions and the token's supply allocation.