cd9e3686a5
Locked decisions: - 1 billion TAI hard cap, no minting, halving-style emission decay - No transfer tax; spread-only revenue, decreases with volume - Buyback floor = 90% of current organic backing price (ratcheting up) - Wind-down guarantee: 90% floor always funded by protocol spread - Post-listing speculative risk acknowledged and accepted - Node bootstrap: probationary period = stake-free entry (no loan/grant) - Listing threshold (provisional): $50k volume AND 25 nodes / 15+ operators Open parameters noted: halving schedule, dynamic spread curve, listing %, legal. Co-Authored-By: Claude Sonnet 4.6 <noreply@anthropic.com>