How the boxes work
Where the money goes, what is irreversible, and what you are actually holding.
▸ The short version
$BEAT is a token with only 4,200 units in existence, trading through one canonical BEAT/WETH pool on Robinhood Chain Testnet. Hold a whole liquid token and a silent music box appears in your wallet, assigned to one of ten stock-reward tracks. Sell below a whole token and the silent box dissolves back into circulation.
Burn the token backing a box and it is wound up: permanent, irreversible, playing — and earning its assigned tokenized-stock rewards from that moment on. The token supply shrinks with every wind; the fee stream it earns from does not.
Every buy and sell pays a permanent 3% fee, enforced by the token itself rather than by this website. 2% of volume flows to wound boxes as stock, 0.85% compounds the locked liquidity, and 0.15% pays the creator.
That is the whole system: a gacha for flippers, a one-way commitment for holders, and a fee engine that cannot be routed around feeding the committed.
▸ Glossary
▸ The pressing (mint)
3,360 of the 4,200 boxes are sold at 0.01 ETH each, max 42 per wallet. 630 tokens are reserved for the pool and 210 for the team.
When the bar hits 100%, the pressing closes. 80% of the raise plus the LP reserve seed the canonical pool in one one-way launch transaction, and the LP position is permanently locked. Trading opens in the same transaction. Implied listing price is ≈4.2× mint.
Every press draws at random from the unclaimed pool — Common through Legendary, any of the ten sealed tracks.
▸ Winding up (burn to activate)
Hold the silent box you want to commit; its backing 1.0 $BEAT must be in the same wallet. Call windUp(id) — the transaction burns 1.0 $BEAT, the box becomes permanent, and it registers with the rewards engine at the current accumulator mark.
This is one-way. It is not staking and it is not a lock-up. There is no position to unwind and nothing held in escrow. The burned token leaves totalSupply permanently — whether or not the protocol ever earns another cent.
Rewards accrue from that mark forward. Check them with pending(id); claim with claim([ids]) from the owning wallet. Pending rewards travel with the NFT when it moves.
▸ Where every dollar goes
The permanent base fee is 3% of WETH-side volume, taken inside the swap itself. The carve is fixed in the fee library as parts per 240:
| Stream | Parts | Of volume |
|---|---|---|
| Stock rewards for wound boxes & legends | 160 | 2% |
| LP reinvest, permanently locked | 68 | 0.85% |
| Creator | 12 | 0.15% |
This is a swap fee, not a transfer tax. Wallet-to-wallet $BEAT transfers and NFT transfers pay nothing. Each epoch's budget splits equally across the ten tracks; within a track, 100% flows to wound boxes pro-rata by rarity weight.
▸ The 4,200 invariant
Every unit is always in exactly one of two states: liquid (a token, tradable, rerolling) or wound (an NFT, permanent, earning). Winding does not destroy value — it moves a unit out of the tradable float into a permanent claim on that float's trading activity. totalSupply + totalWound = 4,200, always.
The float shrinks, the reroll pool shrinks, the claimant set grows. The fee stream is generated by the liquid float and consumed by the wound set — that tension is the design.
▸ The culture layer
Every box carries a built-in track. Plays, likes, shares, and spread speed compute its Community Heat; the AI Agent Judge scores every track across originality, vibe, technique, impact, and replay value. A wound box also listens to its market: price up → tempo up, drawdown → darker mood, volume → heavier bass, new highs unlock a special sound layer.
Phase 1: heat and agent scores are on the board but do not change rewards. v2: heat sets a 1×→50× multiplier on reward weight (Beat Power = rarity × heat), and Create The Beat (AI music generation), music upload, and Bring Your Own Agent open up. Culture can upgrade your NFT.
▸ Trust assumptions
Reward drops are promotional rewards for taking part in the protocol — not dividends, not investment income, no equity or shareholder rights in any company. Stock-token features are restricted in some jurisdictions, including the United States. A keeper address runs epoch conversions on sealed, destination-locked routes; the fee carve and routing lock are immutable after launch.
▸ Contracts (Robinhood Chain Testnet)
Assignment commitment: 0xc177978d236d490c506a270f320da2c0397d8d635cbc991f617d669bf4d6d612
Interface definitions live in contracts/interfaces and the full protocol spec in contracts/SPEC.md of this repository.