$HOURS is a key, not a reward
Your first statement is free and always will be. The token exists so that the treasury refills itself: it is paired against a stock token, so every trade pays a fee in that token straight into the contract, with nobody in the loop.
What it is for
The token is a key, not a reward. It promises no yield and pays none. Your first claim is free; to claim later epochs, you hold $HOURS.
It launches on Pons v2 paired against a stock token, so every trade of the token pays a fee in that stock token, straight into the treasury, with no human involved. That is the only asset in the treasury that refills itself. The others are deposited by us or by sponsors.
One billion tokens, all of them on the launch curve, none for the team, eighteen decimals, on Robinhood Chain. The liquidity is locked for good at graduation, and the contract address is published the day it exists.
$HOURS is not live. Nothing has launched or been sold, and there is no treasury yet. Statements pay in stock tokens, never in $HOURS, and a stock token is not a share: it follows one (the exact terms). Not investment advice.
If no game-industry stock is an approved pair on Pons, fees can't refill the treasury by themselves. The roadmap says so, with the stop condition attached.
What holding it does
Three things, written down, and nothing else.
Your first claim is free. Every claim after it needs $HOURS in the wallet that claims. Without the key the statement still reads; it stops paying.
Every trade of the token, buy or sell, pays a fee in the stock token it is paired with, straight into the treasury. The payout is for hours, never for tokens. What more tokens buy is a bigger treasury, and a bigger treasury pays everyone's hours more, yours included: each epoch pays out 5% of what every asset holds. Whoever holds the token financed the system on the way in, and holds the key to what it pays.
Holding one token is the ticket to propose and to vote on what the treasury lists next: which stock token joins the destinations, whether a market gets a letter, what gets built first. The vote weighs your hours, not your tokens: one token opens the ballot, the units on your statement are the weight, and a thousand tokens count exactly like one.
Never put to a vote: the constitution (the 5% cap, the half weight, the 2027 deadline, no yield, ever); the facts (the map follows sources, and a takeover is not an opinion); and the allocation of what the treasury holds between its pools, which stays mechanical. Not built yet; it is on the roadmap as a milestone.
The token itself pays nothing and promises nothing: no yield, no dividend, no target, and we put no number on any of this. It is a key to a treasury that grows with use, and that is the whole of it.
Where the stock tokens come from
Nobody creates them. They sit in a public contract, bought with real money before anyone claims anything.
Microsoft, Take-Two, Amazon and two index funds, bought and deposited before launch. Every deposit is a public transaction with a note attached.
manualThe token is paired against a stock token, so Pons pays the creator fee in that token, with no conversion. Every trade deposits into the treasury by itself.
automaticThe deposit door is open to anyone. A studio, a fund or a player who pays in shows up in the public log with whatever note they leave.
openThe cap
The contract refuses any payout beyond 5% of each asset's balance per epoch. The rule lives inside the contract, where we cannot reach it, so even a stolen signing key can't drain the treasury. At worst it could overpay real players for a few epochs.
An epoch closes every six hours. Each asset's 5% is split between the players who claimed during that epoch, in proportion to their units. People who don't claim don't dilute anyone.
The consequence is that rewards slow down when the treasury shrinks, because they can't come from anywhere else. The epoch calculation will run on a machine holding a signing key; the cap is what limits that key. Moving to multiple signatures is planned and not done.
What a statement asks of it
Three kinds of hours, and where the treasury pays each one.
Paid in full, in the company's own stock token or in the index fund token that holds it: TTWO, MSFT, AMZN, VTI, EWY.
The player chooses. Wait for full pay: the value sits in the reserve (SGOV) until their market reaches this chain, 15 October 2027 at the latest, then pays in full in whatever the treasury holds. Or take half now, in a company that already pays.
They ask the treasury for nothing: no payment, and no reserve. The hours stay on the public record against those names. Paying them would come out of the players whose hours can be owned, since the 5% cap fixes what leaves the treasury either way.
What the contract holds
This block reads the treasury contract on Robinhood Chain and lists its balances, asset by asset. There is no contract to read today.
| Asset | Token | Balance |
|---|