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Not live yet

$PRTN

The collateral and coordination token of PORTION. It backs every portion, pays the watchers who check delivery, and governs the protocol. It is not live, and has no price.

Status
Not live
Chain
Base
Supply
1,000,000,000
Launch date
Not announced

Utility

What $PRTN does.

  • 01

    Provider bond

    Providers lock $PRTN to issue portions, in proportion to the value they have outstanding. No bond, no issuance. The bond is what refunds buyers when an endpoint fails.

  • 02

    Watcher stake

    Watchers stake $PRTN to attest to failures. They are paid from seized bonds, and lose part of their stake when an attestation is overturned.

  • 03

    Fee share

    Half of every protocol fee, 0.75 % of each sale in USDC, goes to staked $PRTN. The other half buys $PRTN on the market and burns it.

  • 04

    Governance

    Holders decide which endpoint types are accepted, the bond ratio and other bond parameters, and which oracles can declare a default.

How value flows

Two flows, both on-chain.

Fees come from usage. Bonds only move when a provider fails.

Fees
Every primary and secondary sale pays 0.75 % in USDC: 50 % to $PRTN stakers, 50 % to buy and burn.Every saleprimary + secondary0.75 % feein USDC50 % stakerspaid in USDC50 % buy & burn$PRTN bought, burned
Bonds
Provider bonds in $PRTN are slashed on default: holders are refunded in USDC, watchers are paid, the rest is burned.Provider bond$PRTN, per serieson defaultSlashedafter 24h disputeBuyers refundedin USDCWatchers paidrest burned

Supply

1,000,000,000 $PRTN.

Fixed supply of one billion. Buy & burn and burned bond remainders can only reduce what circulates.

Distribution

To be announced.

Allocation, vesting and release schedule will be published before launch, on the official account only. Any breakdown circulating before then is not from PORTION.

Launch

On Base. Date not announced.

Contract address

The only source of truth for the contract address is x.com/PortionBase.

No contract exists yet. Any $PRTN token you can find today is not PORTION.

No presale, no whitelist. PORTION will never ask you to send funds to receive tokens.

Check the handle. Look-alike accounts and links in replies are not official.

Hear it first.

Follow @PortionBase