Skip to content
‹ cover ›
Vouchstone.
Vouchstone routes the Trade Cut by Standing on the wallet.
‹ the split ›
Same cut. Two destinations.
A public book that always takes 2% still has to decide where that 2% goes.
If the destination is a person
The book has a beneficiary. The cut becomes a wage.
If the destination is bought
Whoever holds a badge last aims the cut. History is for sale.
‹ the book ›
Standing chooses the destination.
The mark lives on the wallet. The cut stays 2%.
Standing
Accrues through Hold Span. Cannot be bought, sent, or transferred. Ends at zero VOUC.
Trade Cut
Two percent on every trade. Long Standing: Supply Rest. No Standing: Book Thicken.
The Scale
Every transfer reads and updates Standing on the live path.
ETH Market
Uniswap version 4, Ethereum, quoted in ETH. 90,000 VOUC at launch.
‹ thesis ›
The mark is not the token.
VOUC moves. Standing does not. A bought badge would make the destination for sale.
‹ parts ›
Two instruments. Four acts.
Standing is not Trade Cut. The loop is Hold Span, Standing, Live Read, Cut Route.
Hold Span
Stay in the book through settlements.
Standing
The mark sits on the wallet.
Live Read
The transfer looks up Standing.
Cut Route
Supply Rest or Book Thicken.
‹ the market ›
The ETH Market.
Uniswap version 4, Ethereum. Quoted in ETH. The whole issue sits here at launch.
‹ the loop ›
How a trade is read.
The transfer is the Scale. There is no later pass.
1. Hold
VOUC remains through Hold Span. Standing accrues on that wallet.
2. Trade
A sale or a buy takes a Trade Cut of 2%.
3. Read
The path reads Standing at that instant.
4. Route
Long: Supply Rest. None: Book Thicken.
‹ what follows ›
What a Stone Holder can do.
Three facts, in the holder's words. No extra figures.
Hold, then sell
The cut from a long mark goes to Supply Rest. Those units exit the book.
Trade with no mark
The cut goes to Book Thicken. The ETH Market gets deeper.
Sell the whole balance
Standing on that wallet ends. The mark does not follow the tokens.
‹ the model ›
Three figures.
These are the parameters. They cannot be rewritten.
90,000
VOUC in the ETH Market at launch
2%
Trade Cut on each trade
none
Setters on cut, cadence, issue
‹ closer ›
Vouchstone.
Vouchstone routes the Trade Cut by Standing on the wallet. Standing Board · Handbook · Specification