Phases
Three phases, one of them honest about being thin
Phase 1 exists to validate the contracts with real draw data, not to generate volume.
Phase 1 — prove the contracts
- Owner seeds 20–40 positions across whitelisted collections
- Seed wallet address published up front
- No token and no emissions; participation accrues on-chain points
- The owner does not purchase from the pool
Backing is set at approximately floor for each NFT. Below floor every draw is a loss for the depositor; far above floor nobody plays.
Phases 2 and 3
- $TUCK launches on Bankr with a fixed 100B supply
- Crown enabled, large-depositor recruitment opens
- Pool rewards funded from the 15% creator vesting, not from fees
- Emissions paid per draw rather than on a calendar
No inflation at any point: supply is fixed at deployment and the protocol holds no mint authority.
Structural honesty about Phase 1. Incentives are weak on both sides. Purchasers face the full house edge with no token offset, and depositors earn fee shares that are near zero at low volume. The reference protocol covers both with daily emissions; this phase does not. Expect low activity and judge the mechanic, not the numbers.
The retroactive allocation
Phase 1 runs thirty days — the length of the token vesting cliff — and accrues points on-chain throughout. Nothing is purchased to fund the claim: the first thirty days of vested supply pay it out, split into thirty daily epochs and distributed pro-rata by points earned that day.
An epoch nobody claims rolls into the next day, capped at three times a base epoch. Anything above the cap, and whatever is left on the final day, moves to the per-draw emission budget. Nothing returns to the operator.
Daily bucketing is deliberate: a quiet day means fewer points chasing the same allocation, so the reward per unit of activity rises exactly when the pool is dead. It gives five separate starting guns instead of one.
This is not inflation and not a claim against future supply. It is a redistribution of tokens the operator already bought with their own capital. Points are weighted by value at risk — purchaser points scale with USDG paid, depositor points with √(backing × time active) — and operator seed positions are excluded from accrual.
What does not port over
| Mechanism | Ports? |
|---|---|
| Dynamic surcharge | Yes |
| Crown by √value | Yes |
| Equal fee split | Yes |
| Atomic relisting | Yes |
| Revenue → buyback → distribute | Yes |
| 15-day emission programme | Replaced — creator vesting, paid per draw |
| Snapshot claim distribution | No — no supply to allocate |
| Protocol-set trading fee | Partial — Bankr sets it |
$TUCK is deployed with a fixed supply and no mint authority, so nothing can be created to fund emissions. What replaces them is the 15% creator vesting preminted at launch, paid out against draws rather than on a calendar, plus the retroactive allocation above and the dynamic surcharge.