Tokenomics
The token is the key to participate — not a stock, not a dividend, not a promise to get rich. It's what lets you propose projects, take a role, and help steer the open lane. Get this distinction right and the whole thing stays clean and legal; get it wrong and you've accidentally sold an unregistered security.
Three things live on-chain — don't confuse them
| On-chain thing | What it is | Can you buy/sell it? |
|---|---|---|
| The Token | the participation + governance key — stake to propose, bond to take a role, vote in the open lane | Yes — transferable |
| Reputation | your earned track record as a builder, agent, or originator | No — soulbound, you earn it, you can't buy trust |
| Project Shares | fractional ownership of one specific deal — this is where cashflow & profit come from | Yes — but they're regulated securities → following-the-money |
Keeping these three separate is the entire legal strategy. The Token gives you access; Reputation gives you standing; Project Shares give you income. Three different jobs, three different instruments.
Supply & ownership — you start as sole owner
At launch, you hold it all — the entire supply sits in a founder-controlled treasury. From there it's released gradually and for a reason: originators, curators, verifiers, and operators earn tokens by doing good work and building reputation. The treasury funds development and incentives. You keep a controlling allocation and the admin keys, so direction stays with you. (Numbers — total supply, per-bucket splits — are set when the model's finalized; the principle is fixed supply, founder-held at genesis, earned thereafter.)
What the token actually does
The headline utility — and the gate you asked for — is stake-to-propose:
This does three jobs at once: it filters spam (junk proposals cost real money), it creates genuine demand for the token (you need it to participate), and it ties into reputation — a proven originator stakes a smaller bond over time, a newcomer stakes more. The same bonding logic applies to builders and agents taking a role: real skin in the game, slashable for non-performance. → the-role-marketplace
What the token is — and isn't
- The key to propose, bond, and vote
- Demand driven by *using* the platform
- Tied to earned reputation
- Not a cut of platform fees
- Not sold promising it'll moon
- Not where the cashflow lives
This is the line that keeps the SEC out of it. Platform revenue (our fees) goes to the company, not to token holders. Anyone wanting income buys project shares in a specific deal — which are properly structured securities → who-gets-paid. The token never carries a profit promise.
You solely evolve it
The token is also how you keep your hand on the wheel while still opening the doors:
- Phase 1 — you steer. You hold the treasury, the controlling allocation, and the admin keys. The token gates participation; governance is voice, not binding power.
- Phase 2 — the crowd signals. Tokens distribute to contributors; their votes guide you, non-bindingly.
- Phase 3 — measured handover. Specific decisions become binding to token holders, with founder guardrails and a veto you keep as long as you want it.
Decentralization happens on your timeline, by your choice — never forced, never on day one. → governance-and-funding
The honest guardrails
- Reputation is soulbound on purpose — you can't buy your way to trust, only earn it. That's the anti-gaming backbone.
- Slashing keeps bonds honest — propose fraud or abandon a role, lose your stake.
- A real token launch needs securities counsel. Staying sole-owner early sidesteps the riskiest question (selling to the public expecting profit), but the moment tokens distribute or trade publicly, the design above must be reviewed by a lawyer. This page is the intent, not legal advice. → Exemptions Explained