Measurement runs daily
One name, one holder, permanently. Usage on X is measured every day, ranked, and the community fund is shared out against that ranking.
This is the whole mechanism.
Minting a hashtag mints an ERC-721 that holds the text. Its artwork and its metadata are drawn on chain from that text and from where it came in the mint order, so nothing is hosted anywhere and there is no file to go missing. One holder per exact name, and every name taken is a name nobody else can have.
The keeper reads how much each active hashtag was actually used on X and ranks them into 21 grades. Every 24 hours, from real usage, not from a vote.
A mint is paid in the protocol token, and what it pays is sent to an address nobody controls. Those tokens leave supply permanently and the protocol cannot mint more. Nothing gets printed to pay anybody.
Distribution comes from protocol revenue and moves with it. There is no fixed rate and no guaranteed return.
Every epoch lands on chain with its Merkle root and the raw numbers behind it. You can recompute any ranking yourself.
Nobody sets the mint price. It is computed from how many hashtags already exist.
0.02 ETH
Base price
What a mint costs while the first 500 are unminted.
+10%
Every 500 mints
Compounded, in the contract, with no schedule and no discretion.
0.2 ETH
Ceiling
The price stops here. It is reached at mint 12,501.
Every mint sends TAGS to an unreachable address. The protocol does not hold it and cannot mint more. Two things shrink on every mint: the TAGS supply, and the set of hashtags nobody has taken yet.
TAGS launches on Pons with a fixed supply. It is the only way to mint a hashtag, so every registration removes some of it and none of it comes back.
0x06F41D9A7b56344F462e77dE09Decf51B88906C2Launched on Pons, with a fixed supply of 1,000,000,000 and a 3% creator fee on trades there.
Every mint is split on chain between the community fund, the team and the measurement service. The shares are set in the config contract and readable there.