Economics

Supply, fees and the reserve

The full economic model: a fixed supply that never inflates or burns, a creator fee in SOL that converts trading volume into reserve value, and the accounting rules that determine how pool value translates into backing per token.

Token supply

Fixed initial supply, minted once at deployment.
No inflation path and no administrator mint function in the intended architecture.
Mint authority is expected to be revoked at deployment and verifiable on an explorer.
Supply is fixed: tokens are never burned, including during redemption.

Creator fees

A creator fee is applied to eligible $STOCKED / SOL trading activity. The fee is collected in SOL. Newly claimed fees are split equally across the 15 registered stock tokens and swapped on-chain. Every confirmed purchase increases the reserve available to holders.

One reserve pool

The reserve is the live on-chain quantity of each of the 15 tokenized stocks. Pending fees do not count until swaps settle and the acquired stock tokens reach the reserve wallet.

Backing per token

P = B / S

B = total dollar value of the 15 stock holdings
S = circulating $STOCKED supply

Redemption mechanics

Redemption never destroys tokens. A wallet's gross claim is its eligible balance times B divided by S, less the value it has already claimed. A claim transfers a proportional quantity of each stock from the pool; S is unchanged.

Worked example: growing backing

start   B = $100,000, S = 1,000,000,000
        P = $0.0001

$50,000 of stocks acquired from claimed SOL
        B = $150,000, S = 1,000,000,000
        P = $0.00015   (+50%)

Worked example: redemption without burning

eligible 10,000,000 $STOCKED of S = 1,000,000,000  → 1%
pool holds $250,000 across 15 stocks
gross claim = 1% × $250,000 = $2,500 in stock tokens
daily maximum = 10% of the available claim
$STOCKED balance remains unchanged throughout