The Protocol
Pro-rata distribution
Your share of every cycle's gold equals your share of eligible supply at that cycle's snapshot.
your cycle reward = cycle emission × (your balance ÷ eligible supply)
Eligible supply is all ORE in ordinary wallets — the trading pool, treasury, and distributor are excluded, so protocol tokens neither earn nor dilute.
Example — emission 1.65 g per cycle, eligible supply 1,000,000 ORE:
| Holder | Balance | Share | Gold this cycle |
|---|---|---|---|
| A | 100,000 | 10% | 0.165 g |
| B | 10,000 | 1% | 0.0165 g |
| C | 1,000 | 0.1% | 0.00165 g |
Why balances, not headcount
Equal-per-wallet splits are trivially gamed by splitting positions; volume-weighting invites wash trading. Pro-rata by balance is immune to both — the only way to earn more gold is to hold more ORE through more cycles.
Snapshot semantics
- Buying starts earning from the next snapshot.
- Selling ends earning from the next snapshot, but gold already delivered is yours and gold already accrued stays claimable forever.