$KOIN
$KOIN is standing. You earn it by contributing something that is verified, you stake it to make it count, and it decides how much say you have. It cannot be bought, sold, transferred, redeemed or converted. There is no market for it and there never will be. Its price is zero, permanently and by design.
Work mints koins. Koins pay dimes. Dimes burn to pennies.
Where this stands today
No koin has ever been issued. No dime, no penny either. The contribution ledger holds zero rows, so the decay constant that governs how standing fades is currently fitted against nothing. Ablation, the only measurement that can settle what a contribution was actually worth, does not exist yet. The economy is in Phase 0, which means the job right now is to try to break the design, not to run it.
Any $KOIN figure elsewhere in this app was produced by the simulation.
Three units, three jobs
Amendment IV, ratified 18 August 2026. Money buys pennies and nothing else.
Earned by verified contribution. Non-transferable. Staked to activate. It governs, and its price is zero forever.
A flow, paid continuously to staked koins at a rate set by what the system actually earns. Not a yield promise: if the system earns nothing, the rate is nothing.
Minted by burning dime. Liquid, and it commands work. The only unit capital may ever buy.
What it cannot do
- Be transferred to another address
- Be sold, swapped or bridged
- Be bought, at any price, by anyone
- Be inherited
In the simulation there is no code path that moves a $KOIN balance between addresses, and pnpm sim:check fails if one appears. That is a check on this repository, not a deployed guarantee: no program exists yet to enforce it on a chain.
Standing rises and falls
Standing is the present impact of everything you have done on the whole. Not a record of activity. Not seniority, and not a clock that pays you for showing up. When the impact of a deed fades, the standing it carried fades with it, and someone who contributed heavily five years ago and nothing since will watch their say shrink.
That is the uncomfortable part, and it is the whole design.
Do not confuse it with the conviction multiplier on this launchpad. Conviction is duration-weighted voting weight over one project's tranche approvals, capped at 3× at twelve months. It is a launchpad mechanic, it applies to a single raise, and it is not standing.