Every unit of value, on the record

Most projects ask you to trust a screenshot. This page instead gives you the addresses. Every balance, every buyback-and-burn and every fee movement below comes from a wallet you can open in a block explorer and audit yourself. If this page and the chain ever disagree, the chain is right and this page is wrong.

The ledger is a plain JSON file published from the same machine that runs the node and the oracle. It is not a database we can quietly edit after the fact — anything it claims is a claim about a public address.

These are the only wallets that hold project value. We will never ask you to send anything to any of them, and no address on this page will ever change without the change being visible here first.

A buyback is the treasury spending cash to buy ADPT on the open market. A burn destroys what it bought. Both legs are transactions — each row below links to the signature that proves it happened.

Trading the token generates a creator fee. Accrued is what the chain has credited but nobody has moved. Realised is what has actually been claimed into a wallet. Distributed is what has since left it. Accrued is not income until it is realised, so nothing downstream — buybacks, liabilities, anything — is calculated from it.

Nobody was promised a fixed amount. Every liability here is a percentage of realised net fees — fees actually received, minus the direct costs of running the thing that produced them. A percentage of zero is zero. If this project earns nothing, the pool pays nothing, and no one is owed a shortfall.