TOKENOMICS
Hold the token, receive real stocks.
Most tokens pay holders in more of themselves, which is a transfer between holders wearing the costume of a yield. Holding ours pays in tokenized equities — NVDA, SPY, the same ones the terminal trades. The money for them comes from two fees: one on trading the token itself, one on trading stocks in the terminal. Both are set out below.
You are paid in assets
Distributions arrive as tokenized equities, not as more of this token. Their value does not depend on anyone else buying it.
Nothing is minted to pay you
Every distribution is bought with revenue that already exists. Supply does not inflate to fund a yield number.
Funded from two sides
0.70% of every trade in the token itself, plus 0.40% of every tokenized-stock trade in the terminal. No volume, no distribution — stated plainly rather than promised.
01 / WHERE THE MONEY COMES FROM
Two fees in, one stock out
Four steps, each one a transaction anyone can read on chain 4663. Nothing here depends on trusting a dashboard.
The token earns
The token launches on pons, which pays us 0.70% of every trade in it — on the bonding curve and in the Uniswap pool after it graduates, for as long as it trades.
The terminal earns
Separately, every tokenized-stock trade pays 0.40% — taken inside the swap route, atomically, with no spread added on top. Of that, 0.28% reaches the treasury and 0.12% goes to a referrer when one is attached.
Treasury buys stocks
The treasury buys tokenized equities on-chain — the same assets the terminal trades, at the same prices, in public transactions.
Holders receive them
Those shares are distributed to token holders. Not emissions, not a percentage of a supply that dilutes — real assets bought with real revenue.
02 / THE TERMINAL FEE
Where each 0.40% goes
This is the terminal's 0.40% only — the token's own 0.70% is settled by pons and arrives separately. One number, split two ways, both visible in the swap transaction. There is no third slice hidden in the price.
Without a referrer the full 0.40% reaches the treasury. Prices come from Chainlink feeds — we quote what the feed says, not a marked-up version of it.
03 / WHY THIS SHAPE
Revenue first, distribution second
The order matters. A protocol that distributes before it earns is paying out of its own supply, and that runs out.
The token pays for itself
Its own trading generates the larger of the two fees, so distributions do not wait on the terminal finding volume first. Neither fee is a rate we set — it either got paid or it did not.
It can go to zero, and that is the point
If nobody trades, nothing is distributed. A design that keeps paying through a dead quarter is paying out of its own supply.
Auditable end to end
Fee, treasury purchase and distribution are all on-chain. The claim is checkable without asking us anything.
The token hasn't launched yet
Link your X account to your wallet now and you're on the list before it does. A few taps, nothing to pay.
This page describes intended mechanics, not a guarantee of returns. Distributions depend on trading volume that does not yet exist, terms may change before launch, and tokenized equities carry the risk of the underlying asset. Nothing here is investment advice.