Skip to main content
Token economies rarely die of bad intentions. They die of bad arithmetic: free service that scales faster than revenue, treasuries that spend projected volume, emissions that assume the chart only goes up. This page is the arithmetic, published, so you can check it instead of trusting it.

​
Credit packs

Packs are priced in fixed USDC amounts. You choose chat credits or data credits at the same price, and purchased credits expire one year after grant. The larger packs already include a volume bonus in the standard column. The Holder bonus is frozen from a fresh on-chain check when checkout is created. Credit packs are rolling out with launch. All free service, trial grants and Holder flow alike, shares one hard UTC-month cap. Free usage can never outrun the service’s ability to pay for it, no matter how many holders verify or how hard the trial gets farmed.
New grants pause at 70% of the cap. 85% and 95% are reserved operational warning stages. At 100%, sponsored chat and new Holder accrual pause until the month rolls over. Purchased chat and data credits are never throttled by this ladder at any stage: paying users do not subsidize an outage of discipline. If the cap configuration is missing or unreadable, the service fails closed to paid-only. This is the mechanism that lets the Holder flow exist at all. An uncapped “free inference for holders” promise is a countdown timer. A capped one is a service.

​
Treasury policy

Purchased-credit receipts come first, and they cover payment fees and the full service liability of every credit issued before anything else. Only realized residual margin can fund operations or sponsored service. For realized net creator fees, the treasury is bounded: at most 50% may fund sponsored inference, at most 30% infrastructure and operations, and at least 20% goes to a reserve. Projected trading volume is never treated as budget. If it has not settled, it does not get spent. No promised buyback, no burn, no revenue share, no yield, no token-price support. The token opens a bounded credit flow. That is the whole claim, which is exactly why it can be kept.