Mechanism
What happens, in orderEvery step below is either already true on-chain or marked as undecided. Nothing here describes an intention as if it were a fact.
The fee
Every swap on the pool pays a creator fee. That fee is the only income the programme has, and it is the only thing it spends.
The buy
When the fee clears the threshold the desk buys a single tokenized penny stock at market. One name, not a basket — a basket splits a small fee into dust.
The split
Holders are read from a snapshot block and the position is pushed out pro rata by balance. There is nothing to sign, nothing to stake and no form to fill.
The receipt
The batch is sent first and published after. Every line in the ledger carries the hash that settled it, so the claim and the proof are the same object.
Where the money comes from
The only income is the creator side of the swap fee on the $PENNYD pool. There is no treasury allocation, no team unlock feeding it and no mint. If the pool is quiet, there is no batch — the programme goes at the speed of its own volume, and says so rather than pretending to a schedule.
Why one name instead of a basket
A batch worth a few hundred dollars split across eleven tickers and then split again across every holder produces balances too small to be worth the gas that moved them. One name per batch, rotating, keeps each distribution large enough to read.
The snapshot
Holders are read at a single block, chosen after the buy has already settled. Balances are taken as they are at that block: no minimum, no lock, no registration. Excluded from the split are the pool itself, the settlement wallet and any burn address — sending to those would return the batch to the sender.
Sent first, announced after
The order matters. If the name were published before the buy, the buy would be front-run by its own announcement. The desk therefore buys, distributes, and only then writes the ledger entry. You will always learn what the batch was after you already hold it.
What is not decided yet
- The share of the creator fee spent on stock versus held as reserve — to be published
- The threshold that triggers a batch — to be published
- Whether the next name is chosen by the desk or voted by holders — to be published
These will be filled in on this page, with their transactions, and not before.