Fee streams, sold forward
Next week's fees. Today.
A coin sells seven days of its fees to underwriting agents. The money burns supply and pays holders that same week.
The seller gets a burn and a paid-up week for its holders, and never gets the money.
- @tenet_today
- GitHubSoon
- Docs
- AppSoon
A model stream, sped up: one day passes every four seconds. Sample figures. The live board reads the chain.
Not issued
The token has not launched. When it does, the address is printed here and nowhere else first. Contracts ship before the token.
Check the address against this page before you buy. Copies with one character changed are common.
$TENET · Robinhood Chain · EVM, chainId 4663
- Streams cleared
- no ask has opened
- Burnt through streams
- USDG spent on buybacks
- Holder rounds settled
- seven per stream
- Own-money meter
- day one will read 100%
Pre-launch. These four read the vault contracts once they are deployed. Until then they are zero, and a dash where a ratio has nothing to divide.
A coin's fees arrive a trade at a time. Its moment does not.
Creator fees on this chain are real money. They are also slow: a drip that runs for weeks, into a wallet one person holds, long after the attention on a new coin has been spent.
- 01
The money is real. One project on this chain collected about $170,000 of creator fees in its first 14 days. Another paid its creator 130 ETH in 22 days.
- 02
It arrives as a drip. That money comes in over weeks, a trade at a time. Attention on a new coin is spent in days.
- 03
A fee wallet is a promise. A wallet held by a person can do anything with what it collects. Most are never pointed at the coin's holders at all.
- 04
Burning as it arrives has a ceiling. It works, but it cannot be bigger than this week's volume, and it stops the day volume does.
- 05
Lending to the developer fails. Cash paid to a person can leave with that person.
A model, not a measurement. Fees add up in a straight line while volume lasts. Attention on a new coin is mostly gone inside the first few days.
Sell the stream, not the promise. A coin hands its next seven days of fees to a contract nobody holds a key to. Underwriting agents pay for that week today. The contract spends the money where the seller cannot touch it: it buys back and burns the coin and pays the coin's holders, day by day. Whatever the week really brings belongs to the agents. If it brings less than they paid, the developer's locked bag burns.
Agent-credit poolsLend $5 to $500 in cash to agents nobody can name
Tenet AgentsAgents buy a coin's next 7 days of fees, up front
Agent-credit poolsCash can walk, so every line needs 100% backing
Tenet AgentsMoney never reaches the seller: it buys and burns the coin, and pays holders
Agent-credit poolsRepayment rests on a borrower's good name
Tenet AgentsRepayment is the fee stream itself, paid by contract
Agent-credit poolsBackers take all the risk for a quarter of a 1% fee
Tenet AgentsAgents price each stream; the gain or loss is theirs
Agent-credit poolsRecord: small loans, kept for an hour or two
Tenet AgentsRecord: paid versus delivered, for every coin and agent
Agent-credit poolsToken fees reach the pool by hand, or not at all
Tenet AgentsFee recipient is a contract from the first trade
Agent-credit poolsIts own share of the activity: not published
Tenet AgentsOwn-money meter on the front page, from day one
Sell the stream, not the promise.
A coin hands its next seven days of fees to a contract nobody holds a key to. Agents pay for that week today. Here is one stream, start to end.
Money to the seller: none
The seller opens a stream for a coin.
- Hands the coin's creator-fee recipient to its stream vault. Only the current recipient can.
- Locks a bag of the coin: at least 0.5% of supply.
- Sets a start ask and a floor, in the coin's quote asset (USDG or ETH).
Burn as they arrive
Sell the week forward
What it costs: agents pay less than they expect to collect. A forward burn is larger now and smaller in total than burning every fee as it lands. What the coin buys is certainty and time.
- 1
Sees a stream card on the timeline: "$COIN sold its week for 8,000 USDG. 5,280 burning. Bag locked: 2.0%."
- 2
Pastes the coin's address into the Stream Sheet: "Fees, last 7 days: 10,400 USDG. You are the fee recipient."
- 3
The page drafts a stream: start ask 10,000, floor 6,000, and what each number means for burn and holders.
- 4
Connects the recipient wallet, locks a 2% bag, signs the hand-over. One screen, three signatures.
- 5
Twenty-four hours, falling. Agents commit in public. The stream clears at 8,000.
- 6
A slice burns every day, a round settles every day. The seller watches delivered fees against the ask.
- 7
Settlement: bag released, recipient returned, record +1.
The next stream opens with a better history behind it.
An ask falls until agents meet it.
The seller names a start and a floor. The ask drops in a straight line for 24 hours, and the stream clears the instant what agents have committed reaches it. Set the numbers yourself: everything below this point follows your stream.
A worked example, not a forecast
Type a figure or drag. The floor cannot sit above the start.
- The seller picks the start and the floor. The page shows the coin's own last-7-day fees beside both numbers.
- Commitments are public and can be withdrawn until the stream clears.
- At clearing every agent is filled at the same ask, pro rata to its commitment. A late commitment gets no better price than a first one.
- Nothing is sold below the floor.
Where the money goes is fixed at deploy.
A cleared ask never passes through the seller. The vault splits it by four fixed shares and pays it out over the seven days of the term.
- Buyback and burnseven daily slices of the coin
- Holdersseven daily rounds, in the quote asset
- Protocolhalf buys and burns $TENET, half to the treasury200 burns $TENET
200 treasury - Callerstips for whoever triggers a slice, a round or a settlement
- D1754320
- D2754320
- D3754320
- D4754320
- D5754320
- D6754320
- D7754320
slice burntround to holders
No function changes these numbers. A different split means a new deployment, announced and visible.
Every stream has a bag behind it.
To open a stream the seller locks tokens of its own coin in the vault. If the week delivers less than agents paid, that share of the bag burns.
- Agents collect
- 10,400
- Agents' result
- +2,400
- Operators' cut · 10%
- 240
- Backers keep
- +2,160
Bag released
Delivered at least the ask. The whole bag goes back to the seller with the fee recipient.
- 01
To open a stream the seller locks coin tokens in the vault: 0.5% of supply at least. The page shows the size.
- 02
Delivered at least the ask: the whole bag is released. Delivered less: the missing share of the bag burns. 40% short, 40% burns.
- 03
The seller can top up the gap in the quote asset at any time before settlement. Top-ups go to the agents.
- 04
Wash trading does not rescue a bag for free: every fee it creates is paid to the agents.
When a coin is dead its bag is worth little. The bag aligns a seller who is still around. It does not insure an agent against one who is not.
An agent is a program with a vault and a public record.
Pricing hundreds of coins a day is a job for programs. Each one that buys streams here has an identity the record is attached to, a vault its operator cannot empty, and backers who carry its result.
- BackersAnyone can put money behind an agent and take it out whenever it is idle. Money inside a live stream waits for settlement.
- CutThe operator keeps a share of an agent's gain on each stream: 0 to 20%, fixed when the agent is created. Nothing on a loss.
A backer is not promised anything. An agent that pays more than a week delivers loses its backers' money, in public.
Three agents are run by the team, funded from the treasury, and labelled HOUSE wherever they appear.
Otto
HouseBids only on coins with 30+ days of fee history.
Hannah
HouseBids across the board, in small sizes.
Ada
HouseBids on first streams, where nobody else will.
Why they exist: on day one there are no outside agents, and a market with no bids sells nothing.
Why they are labelled: activity funded by the team is not demand, and this page does not count it as demand.
OutsideNone listed. Listing opens with the bond, after the token.
falcon-1 · #7104
Type any id. The figure's colours are derived from it, the same way for everyone.
On the board a house agent keeps the brand's vermilion eyes. An outside agent takes its colours from its id.
- Record
- 14 streams · 3 short · 0 open asks
- Paid
- 61,000
- Collected
- 66,300
- Net
- +5,300
- Operator cut
- 10%
- Vault
- 12,400 USDG · 1.8 ETH · cap 25,000
- Backers
- 23 wallets · largest 31%
- Bond
- 500,000 $TENET locked
- Last 5
- +8%−22%+11%+4%+9%
An agent can pay more than a week delivers. Backers carry that loss.
The losing weeks are printed in the same row as the winning ones, in the same size.
Day one reads 100%. Watch it fall.
The own-money meter is on the front page, not in the docs. Every day it prints how much of what agents paid came from us.
No ask has cleared, so there is nothing to divide. The first cleared ask will read 100%.
- House agents
- The share of all cleared asks paid by house agents.
- Team-funded wallets
- The share paid by wallets the team has ever funded.
Both are computed from public chain data and can be recomputed by anyone. It is the number this project watches first. It falls only when outside agents pay.
Each figure is one of 60 cleared asks. Vermilion eyes were paid by the house. Drag to let outside agents in.
Written at settlement. Never edited.
There are no points here, no seasons and no prizes for volume. There is what a week was sold for and what it delivered, kept for every coin, every seller and every agent.
- Coin
- Streams sold, cleared asks, delivered %, bag burnt or released, by stream.
- Seller
- The same, across every coin a wallet has sold.
- Agent
- Streams filled, paid, collected, net, short weeks.
- Written at settlement, never edited.
- A short week stays next to the good ones.
- No points, no seasons, no rewards for volume.
The record is the reputation. It is also the price: a seller with three delivered weeks clears higher asks than a seller with none.
- Ask8,000#3Deliveredlive, day 3 Bag2.0%–
- Ask6,500#2Delivered7,150 110%Bag1.5%released
- Ask3,000#1Delivered2,400 80%Bag1.0%20% burnt
Seller 0x7a3f…9c21 · 3 streams, 1 short
Public chain data only. A short week stays on the record next to the good ones.
Each live stream is drawn as a small hourglass that runs for seven days. The picture is the data.
- $COINday 3 · 103% on pace
- $ABCday 6 · 71% on pace
- $TENETday 1
- $XYZask open · 7h left
- $COIN#2 · 110%
- $COIN#1 · 80% · 20% burnt
- $ABC#4 · 92% · topped up
- $ABC#3 · 104%
- Height of the sand
- share of the term elapsed
- Sand above the neck
- fees still to arrive on pace
- Colour of the frame
- ahead of the ask, or behind it
- A settled stream
- stays as a tile: whole, cracked (short) or scorched (bag burnt)
Nothing on the board is decoration. A tile that cannot be traced to a transaction is a bug. Sample tiles with sample figures. The real board draws only streams that exist on chain, starting with the first one.
$COIN sold its week.
- cleared
- 8,000 USDG
- burning
- 5,280
- for holders
- 2,240
- bag locked
- 2.0% of supply
tenet.today · $TENET
- Drawn from chain data; every figure links to its transaction.
- A second card is issued at settlement: delivered %, and whether the bag was released.
- It carries the domain and the ticker.
- There is no card for a stream that did not clear.
An agent's rung is a fact about its record, not a prize.
- NewNo settled stream yet.
- Tested5 settled streams with outside backers.
- Seasoned20 settled streams over at least 30 days, net positive.
- Standing60 settled streams over at least 90 days, net positive, no week worse than −50%.
What does not count toward a rung
- Streams where the agent's backers and the seller are funded by the same wallet.
- Streams filled by house agents. They have no rungs.
- Streams smaller than 100 USDG.
- Wash volumeEvery fee it creates goes to the agents. A seller who wash-trades pays them.
- Self-dealingA seller funding the agent that buys its own stream gets the money back, minus 5%, minus the tips, and a labelled record. The label is public.
- Last-second bidsEvery fill clears at one ask, pro rata. Being last buys nothing.
- Snapshot buyersBalances are sampled at 12 blocks picked after the day ends.
- Tiny bags0.5% of supply is the floor, and the bag size is printed on every card.
- House moneyLabelled everywhere, excluded from rungs, counted by the meter.
No owner. No upgrade path. No withdraw function.
Every rule that touches money lives in contracts on Robinhood Chain. The services around them read public data and cannot move a cent.
- 01a slice
- 02a round
- 03an agent's share of fees
- 04a tip
- 05the protocol share
- 06a bag release
- 07to the seller
There is no seventh.
Keeps nothing. The recipient belongs to the seller.
Keeps the bag and the recipient role. Commitments sit in agent vaults, not here.
Keeps the cleared ask (shrinking by slice and round), the bag, and the recipient role. Fees pass through to agents.
Compares delivered with ask, burns or releases the bag, returns the recipient. One transaction, callable by anyone.
Keeps nothing. The recipient belongs to the seller.
No clearing by hour 24: straight back to idle.
- Claim the coin's creator fees from the launchpad escrow.
- Buy the coin on its own pool and send it to the burn address, one slice a day, with a price-impact limit.
- Pay a signed round into the RoundBook.
- Pay agents their share of collected fees.
- Hand the recipient role back at settlement.
- Send money to the seller, ever.
- Change the split, the term or the ask after clearing.
- Skip a slice or a round: anyone can trigger them, and the caller is tipped from the 1%.
- Keep the recipient role past settlement. The one exception is the $TENET vault, whose rule is public and permanent.
Robinhood Chain: every rule lives here
- StreamFactoryone vault per coin
- StreamVaultask, split, term, bag
- AgentVaultbackers in, commit only
- AgentRegistryERC-8004 id to vault, bond
- RoundBookrounds and claims
- InterfaceNext.js, reads and signs
- Servicesread public data
- Anyone's scriptcallers, agents
Services: none of them can move money
- Indexer
- streams, fills, fees, burns, from public data
- Sample signer
- signs balance samples for the rounds
- Records
- coin, seller and agent history; the meter
- Stream Sheet
- fee history and holder spread per coin
- House agents
- three programs with ordinary agent keys
Launchpad touchpoints: the creator-fee recipient of a coin (handed to the vault, handed back), the fee escrow (claimed by the vault), and the coin's own pool (buyback slices).
- 01
Each day the round's amount is fixed: one seventh of the 28%.
- 02
Balances are sampled at 12 blocks drawn from that day, chosen after the day ends from a block hash. A wallet's weight is its average over the 12 samples.
- 03
Pool, vault, burn and bridge addresses are excluded.
- 04
The sample signer publishes the list and signs its root. The RoundBook pays claims against that root.
- 05
Anyone can recompute a round from chain data and compare it with the signed list.
The signer is a service run by the team. It can sign a wrong list. It cannot take the money, and a wrong list is provable. Phase 4 replaces it with proofs checked on-chain.
block hash 0x91c4e07a…
An illustration of the draw. Each cell is a stretch of the day's blocks; the 12 lit ones are picked only after the day is over, so nobody can buy in for a snapshot.
What moves
- Agents' money to the stream vault, once, at clearing.
- 66% to buyback and burn.
- 28% to the coin's holders.
- 5% to the protocol, 1% to callers.
- The week's fees to the agents.
What never moves
- Money to the seller: none.
- Custody: no key can move vault money off the rules.
- The split: fixed at deploy, no setter.
- The record: permanent.
What the contracts decide
- Who is filled and at what ask.
- The split, the term, the slices and the rounds' amounts.
- Whether a bag burns.
What the services decide
- The wallet list of each round, signed and recomputable.
- Nothing else that touches money.
What is outside our control
- The launchpad's owner can re-route any coin's fee recipient after a 3-day timelock. If that happens mid-term, agents stop receiving that coin's fees.
- The launchpad's own escrow and pool contracts.
Fail-safes
- If the services stop, slices, settlement and agent payouts still run: they need no signature.
- If the sample signer stops, round amounts wait in the RoundBook. After 14 days anyone can trigger a fallback that burns them instead.
- A slice that would move the price more than its limit is split across the next days.
- A seller cannot cancel after clearing. An agent cannot withdraw a fill after clearing.
Planned surface. None of it is deployed yet.
Public, rate-limited, no wallet
- GET /api/streams
- live, open and settled
- GET /api/streams/:id
- one stream, day by day
- GET /api/coins/:address
- Stream Sheet + record
- GET /api/agents
- the board of agents
- GET /api/agents/:id
- one agent's record
- GET /api/meter
- own-money meter, daily
- GET /api/burns
- every burn with its transaction
- GET /api/check?coin=|agent=
- one-line verdict + badge
Signed by a wallet
- POST /api/rounds/:id/proof
- a wallet's claim proof
- GET /api/tier/:address
- $TENET tier of a wallet
Absent by design
Any endpoint that moves money. Every transfer is a contract call the user signs.
No accounts, no emails, no sessions: nothing is stored that is not already public on the chain. Every table can be rebuilt from chain data by anyone. The database is a cache, not a source of truth.
$TENET opens doors. It never moves a split.
The token changes what a wallet can see and when it can act. It never changes what another coin's holders receive, and it never moves an agent up a record.
DoctrineBurn share, holder share and the record are identical for every stream, with or without the token.
Visitorown 0
- Board, records, own-money meter
- Stream Sheet: 7-day fees
- Check API: 60 calls a day
Backerown 500K · 0.05%
- Stream Sheet: 30 days + holder spread
- 6-hour head start on capped agents
- Alerts on new asks: 3 coins
Underwriterown 2.5M · 0.25%
- Stream Sheet: 90 days + seller map
- 12-hour head start
- Alerts: 25 coins, any agent
Principalown 10M · 1%
- Full history export
- 24-hour head start
- Check API: 10,000 calls a day
- The balance is read on-chain from the connected wallet at the moment a page or an API key asks.
- No staking and no lock for tiers. Selling ends the tier.
- Tiers change what a wallet can see and when it can act. They never change a split, a fill or a record.
- A tier is not needed to sell a stream, to receive rounds on another coin, or to back an agent.
Not launched
- Total supply
- 1,000,000,000 $TENET, fixed
- Team allocation
- 0. Fair launch, 100% to the curve
- Chain
- Robinhood Chain (EVM, chainId 4663)
- Launch
- Robinhood Chain launchpad, bonding curve to DEX graduation, liquidity locked
- Quote asset
- USDG
- Creator tax
- 1% of each trade, fixed at launch
- Fee recipient
- The $TENET stream vault, set in the launch transaction. No wallet step.
- Team buy
- Made at launch with the team's own money, then locked as the bag behind every $TENET stream
Contracts live before the token. The vault, the ask and the records are deployed and rehearsed on a mainnet fork, with the log published, before the curve opens.
An operator locks $TENET to list an agent on the board.
- $TENETup toUSDG
- $TENETup toUSDG
- $TENETup toUSDG
- The bond is not spent and not staked for rewards. It comes back 30 days after the agent's last commitment.
- It is a cost of entry for throwaway agents and a public signal of how long an operator intends to stay.
- v1 has no slashing. A rule that burns a bond needs someone to judge a case, and v1 has no judge.
The vault that receives $TENET's fees never gives the recipient role back. It has two modes.
- Fees are split as they arrive, by the same shares: 66% burn $TENET, 28% to $TENET holders, 5% protocol, 1% callers.
Why outside agents only: a team buying its own stream with its own treasury is the activity this product was built to expose.
From every coin's stream
5% of each cleared ask is the protocol share. Half of it buys $TENET and burns it, the same day.
From its own stream
66% of each cleared $TENET ask, or of its spot fees, buys $TENET and burns it.
Both are tied to cleared asks and to the token's own trading fees. No emissions, no staking rewards, nothing printed.
- stream cards and burn transactions reach the timeline
- more coins sell a week
- more asks on the board
- more work for agents, who bond $TENET to list
- 5% of every cleared ask, half of it burnt
Without the tokenStream Sheet: 7-day fees and the record
With $TENETStream Sheets up to 90 days, holder spread, seller wallet map
Without the tokenBack any agent, no head start
With $TENETA first window when a capped agent opens new room
Without the tokenCannot list an agent
With $TENETList an agent with a bond
Without the tokenAlerts: none
With $TENETAlerts on new asks
Without the tokenSame split, same rules
With $TENETSame split, same rules
Demand
- Operators need a bond to list an agent.
- Tiers open deeper Stream Sheets and head-start windows.
- $TENET's own rounds reach the wallets that keep it.
- Burns tied to cleared asks.
Supply down
- 2.5% of every cleared ask buys and burns $TENET.
- 66% of each $TENET stream, or of its spot fees, burns it.
- Bonds sit locked while an agent is listed.
- Every burn is listed with its transaction.
- Hour 0
- Token live. The vault address and the locked team buy are published.
- Daily
- Spot mode: fees claimed by the vault, $TENET bought and burnt, rounds settled. Each transaction is linked on the burn page.
- Day 7
- Closing report for week 1: fees in, tokens burnt, rounds settled, own-money meter.
- Day 7
- The first ask opens for week 2 of $TENET fees.
- Day 8 to 14
- Week 2 runs forward if the ask cleared, spot if it did not. Either way the report says which, and who paid.
One price, taken once, when a stream clears.
- Protocol share
- 5% of the cleared ask
- 2.5%
- buys and burns $TENET, same day
- 2.5%
- treasury
- Fees during the term
- 0%: all of them go to the agents
- Backing an agent
- free
- Claiming a round
- free, network fee only
- Records and meter
- free
Why at clearing and not on the stream
- The amount is known the moment the ask clears, so the burn of $TENET does not wait for a week of volume.
- Agents can price a stream without subtracting a fee from every day of it.
- A stream that fails to clear costs the seller nothing.
Allocation
- 50%Operations · indexing, signing service, interface
- 30%House-agent capital · capped and published
- 20%Security reserve · reviews, bounties
Inflows
- 2.5% of every cleared ask.
- Net results of the three house agents. They can be negative.
- The protocol share of $TENET's own streams.
What the treasury never receives
- The 66% and 28% of any stream, $TENET's included.
- Any fee a coin collects during its term.
At launch volumes the 2.5% does not fund a team. This page does not pretend otherwise: the first months are carried by the team, and the numbers above are published every week.
Free
- Any coin's record: asks, delivery, bags burnt.
- Any agent's record.
- Stream Sheet, basic: a coin's last-7-day fees.
- Own-money meter.
- Check API and badge.
- No wallet, no signup.
Paid
- Opening a stream: 5% of the cleared ask.
- Half of that buys and burns $TENET.
- Agent listing: a $TENET bond, returned on exit.
- Deeper Stream Sheets for $TENET tiers.
- Backing an agent: free.
- Launch-time streams
- A launch tool sells a coin's first week before its first trade; the tool sets its own share inside the 5%.
- Records feed
- Public endpoints stay free; a hosted higher-rate feed is priced monthly.
- Agent kit support
- Paid help for teams that run their own agents.
Contracts first. The token after.
The vault, the ask and the records are deployed and rehearsed before the curve opens. This is the order, and where it stands today.
- 00
Proof
Week 1Up nextNothing below has shipped. Phase 0 is the first work to do.- Mainnet-fork rehearsal: hand a coin's fee recipient to a vault, claim from the escrow, run a slice, hand it back.
- Measure the real numbers: cost of a slice, of a round, of a settlement, in network fees.
- Confirm the two launchpad calls a vault depends on, and what the launchpad's owner can still change.
- Publish the rehearsal log, whatever it shows.
- 01
MVP
Weeks 2 to 5- Contracts: StreamFactory, StreamVault, AgentVault, AgentRegistry, RoundBook. Tests for every state change, plus the three money paths that must never exist: to the seller, to an owner, out of a vault by key.
- Public tools: board, records, own-money meter, the Stream Sheet for any coin on the launchpad, and docs with every limit.
- The stream: sell flow, falling ask, clearing, slices, rounds, agent pages, three labelled house agents.
- Verified end to end with real money before it ships.
- 02
Token launch
After the MVP- Handles claimed, docs public, burn page live.
- $TENET fair launch: the vault is set as fee recipient in the launch transaction, and the team buy is locked as the bag.
- Week 1 in spot mode, reported daily.
- Week 2: the first $TENET ask, outside agents only.
- Open agent listing with bonds.
- 03
Growth
Months 2 to 3- Agent kit: an open-source starter for operators.
- 14-day terms for coins with two delivered weeks.
- Transferable fills: an agent can sell a position.
- Alerts and deeper Stream Sheets for tiers.
- Weekly public report: asks, delivery, meter.
- 04
Upgrade
Months 3 to 6- Rounds proven on-chain, no signer.
- Buyback as a resting bid wall under the price.
- 30-day terms.
- Independent review of the vault contracts.
- Bond rules with slashing, if a judge-free design exists.
- 05
Ecosystem
Months 6 to 12- Launch-time streams with launch tools on this chain.
- Hosted records feed.
- Streams on fee sources beyond launchpad coins.
- Community-run sample signers.
Ten boxes. None is ticked yet.
- Domain bought; app and docs addresses set.
- Handles claimed: the account and the code host.
- Contracts deployed and verified; fork rehearsal log published.
- One full stream run on mainnet with the team's own coin and money, labelled as a test.
- Security pass: no secrets in client bundles, strict content policy, non-root container.
- Safe-browsing pre-check on the domain.
- Docs live: the split, the bag rule, every limit.
- Not-affiliated notice on every page.
- Own-money meter live, reading 100%.
- Burn page live with the vault address published.
- T−3d
- Campaign opens with one number: how much a coin on this chain collects in fees, and how slowly.
- T−1d
- The test stream: every transaction, start to end.
- T−2h
- Pin the explainer: what is sold, who carries the risk.
- T−0
- Token live. The vault is the fee recipient. CA on the site.
- T+1h
- First spot burn published.
- T+24h
- Day-one numbers: fees in, burnt, rounds, meter.
- T+7d
- Week-1 report. The first $TENET ask opens.
- A daily burn post with the transaction.
- The own-money meter as a standing weekly post, also on the weeks it looks bad.
- Stream cards: every cleared ask is a post the seller wants to share.
- Direct outreach to coins with real fee history: the Stream Sheet shows each one what a week would clear at.
- The agent kit, so outside operators can list quickly.
Own-money meter
It falls only when outside agents pay.
- Asks cleared per week, and the share that cleared.
- Delivered % across settled streams.
- Outside agents listed, and backer money behind them.
- $TENET burnt from cleared asks, published.
What is not counted
- Activity funded by the team. It is not demand.
- Volume for its own sake: there are no points and no seasons to farm.
- Asks cleared per week, and the share that cleared.
- Delivered % across settled streams.
- Outside agents listed, and backer money behind them.
- $TENET burnt from cleared asks, published.
- Activity funded by the team. It is not demand.
- Volume for its own sake: there are no points and no seasons to farm.
Fine print, at full size.
What can go wrong, what is still undecided, and why each rule is the way it is. It is printed in the same type as everything else on purpose.
- 01
Day one is house money. The meter says so.
- 02
A forward burn is bigger now and smaller in total than burning every fee as it arrives. Agents are paid for the difference.
- 03
Agents can lose. A backer's deposit is at risk on every stream its agent fills.
- 04
A dead coin's bag is worth little. The bag rule binds a seller who stays, not one who leaves.
- 05
The launchpad's owner can re-route a coin's fees after a 3-day timelock. No contract of ours can prevent it.
- 06
Rounds depend on a signer in the MVP. It cannot take money; it can be wrong, provably.
- 07
Paying a coin's holders from its fees may be treated differently from a burn in some places. Check the rules that apply to you.
- 08
No independent review of the contracts before Phase 4. Sizes stay small until then.
- 09
Other teams are building agent credit and fee markets on this chain. Tenet Agents does not claim to be first, only to publish its own share of the activity.
- The 66 / 28 / 5 / 1 split and the 0.5% bag floor are a first calibration, fixed per deployment. They are revisited once, after the first 20 settled streams.
- Whether the bag should burn on a short week or pass to the agents. Burning helps the coin's holders; passing it on helps the people who lost.
- Bond slashing: no rule yet that works without a judge.
- Tier thresholds (500K / 2.5M / 10M) are set against launch supply and may be revisited once after week 1.
- ETH-quoted coins pay and collect in ETH. Whether agents want one vault per asset or a single book is decided in Phase 0.
- How far ahead a coin may sell: one stream at a time in v1. Back-to-back streams need more data first.
- 1 / 6
Record
Every settled stream adds a line nobody else has: what a coin's week was sold for and what it delivered. Pricing gets better with each line. A clone starts with none.
- 2 / 6
Two-sided depth
Sellers go where asks clear; agents go where streams are. Each side makes the other harder to move.
- 3 / 6
Format as brand
The own-money meter and the short-week line on every record are the brand. A rival that hides its own share can be answered with one screenshot.
- 4 / 6
Nothing to take
No owner key, no withdraw function, no money to the seller. There is no wallet to drain and no promise to break.
- 5 / 6
Hard piece
A vault that takes over a coin's fee recipient, claims from the launchpad's escrow, burns on schedule and gives the role back is weeks of rehearsal against live contracts, not a fork.
- 6 / 6
Usage-backed token
$TENET burns come from cleared asks and from its own fees, each with a public transaction. There are no emissions to explain.
- Sell the fee stream, lend nothing to the sellerCash to a person can leave; a stream pays by contract.
- Proceeds: 66 burn / 28 holders / 5 / 1Burn is the hook; holders give the seller a reason.
- 7-day term only in v1A week of volume can be priced; a month cannot yet.
- Falling ask, one clearing priceNo bidding war, no edge for the last bidder.
- Protocol share at clearing, none on the streamKnown at once; agents price a clean week.
- Bag burns on a short weekThe seller keeps a reason to show up all seven days.
- Lender side is agents with backersPricing hundreds of coins daily is a job for programs.
- House agents, labelledA market needs a first bid; team money is not demand.
- Own-money meter on page onePublish the number others leave out.
- $TENET vault never returns the recipientThe team's fees have no wallet step, ever.
- No house bids on $TENETBuying our own stream would be the thing we expose.
- Contracts live before the tokenShip the product, then the curve.