How it works

Hashtags are permanent, unique names that nobody owns today. This makes them ownable: mint one and you hold a token nobody else can ever claim. Sell it, hold it, or stake it.

Staking is where it stops being a collectible. Every day the protocol measures how much each staked hashtag was actually used, ranks them, and splits that day's revenue across them on a curve. A better hashtag takes a larger share.

Minting takes two payments in one transaction: ETH, which is revenue, and 10 dollars of the protocol token, which is destroyed. The ETH price steps up 10 percent for every 500 hashtags minted, then freezes at 0.2 ETH around mint 12,501.

The ceiling exists because the increase compounds. Without it the price would pass 1 ETH before mint 20,000 and the curve would price out the people the protocol needs.

Every mint splits three ways in the same transaction. The team and measurement shares leave immediately, so the community fund only ever holds what belongs to stakers.

1. Each day the protocol counts posts using every staked hashtag.
2. Inauthentic activity is discounted. Accounts under 30 days old or with fewer than 10 followers do not count, and no single account can contribute more than 10 posts to one hashtag.
3. Hashtags are ranked by what survives, and split into 21 grades.
4. The day's fund is shared across grades on the curve below.

Grade 1 takes the median plus 50 percent and grade 21 the median minus 50 percent, so the best grade earns three times the worst. A hashtag with no measured usage still earns: it lands in the bottom grade rather than being excluded.

Your share accrues daily and waits until you claim it. At claim time you pick what to receive: a tokenized stock, an ETF, or a stablecoin. The choice is yours at the last moment and can differ every time.

Two protections apply to every conversion. You set your own slippage limit, and separately the protocol checks the result against a price feed and refuses anything outside the band. That second check cannot be waived, because this chain has pools holding real liquidity that still quote far enough off to take most of a purchase.

• Mint more of its own token. Supply is fixed and only ever falls, because every mint burns some.
• Pay yield out of token emissions. Rewards come from revenue that actually arrived, which is why they move with activity.
• Move the community fund. Parameters are adjustable; the fund's destination is not.
• Reassign a minted hashtag. Once it is yours, no protocol decision takes it back.