how it works
reference design / pre-genesisone market, one reserve
Each coin uses a fixed one billion unit supply and a dedicated XMR reserve wallet. Buys add XMR to its curve. Sells request XMR payouts from its operator.
the price
The curve uses virtual XMR and coin reserves. Its initial virtual reserves are 30 XMR and 1.073 billion coin units. The trade fee is 1%. All quote math uses integers.
what you can verify
A published view key lets an independent reader check incoming XMR. A registry can replay buys and compare its state root with committed anchors. Outgoing spends and reserve balance need additional signed key images and reserve proofs from the operator.
who holds the XMR
The curve wallet operator controls payouts during the curve phase. A signed sell request does not make the payout automatic. The proposed post-curve pool uses Monero multisig, which is experimental.
how a trade works
On stagenet, use a wallet that can sign a message with its spend key. A buy starts with a signed one-time registration, then a unique deposit address. The registry credits the deposit after 10 confirmations. A sell starts with a short-lived signed quote and ends when the operator's XMR payout and recipient-specific transaction proof confirm. The site never asks for a private key or seed phrase.
current state
There is no published genesis or live market yet. Launch drafts and model quotes on this site do not move XMR.
read the source specification