Tokenomics

1. Status

This is the Operator’s 11 September 2026 constitution. 1,000 SBRV = 1 RWA. 50% buy & burn / 50% permanent LP lock. Issuers set unit value and may issue as many RWA tokens as they can buy SBRV for. A non-refundable USDC platform fee of $1,000.00–$50,000.00 is paid to the developer wallet from each mint’s notional. Access bonds lock while the RWA is live; after full wind-down the SBRV may be sold. Forfeiture burns locked SBRV. This is local records, not an offering of SBRV. See the Legal Documents.

SBRV remains a protocol utility token: mint fuel, access bonds, and a native Desk pair separate from Factory RWA instruments. It is not a claim on any RWA’s cashflows, NAV, or appreciation.

2. Supply and allocation

One supply. Maximum 369,000,000,000 SBRV, 18 decimals, preminted at launch. No further SBRV mint after TGE. Circulating supply only falls (50% Factory buy & burn) or locks (issuer/officer bonds and permanent LP).

Community 40% is grants and issuer-access support, not a staking-reward pool. Team 15% is unlocked at TGE — it is not vested and not locked. Only liquidity is permanently locked: the 20% liquidity allocation plus the Factory’s 50% mint-to-LP. Treasury 25% is programmatic (bonds returned, later-chain gas, audits) — not discretionary trading of RWA books.

3. Factory mint engine — 1,000 SBRV = 1 RWA

Ratio: 1,000 SBRV = 1 RWA token. Of each 1,000 SBRV paid: 50% is buy & burned (500 destroyed), 50% is permanently locked as protocol SBRV/USDC liquidity. Protocol LP cannot be withdrawn. SBRV spent is a fee — redeem or issuer burn does not return it.

No cap on RWA supply. The issuer sets the unit USD value at mint and may issue as many tokens as they can buy SBRV for on the Desk. The $1,000–$50,000 band is not a token cap. It is a non-refundable USDC platform fee paid to the developer wallet from this lot’s notional (units × issuer-set unit value), floored at $1,000.00 and capped at $50,000.00.

Existing Factory gates stay: KYB-passed issuer, rostered officer, attested custody, utility catalog, allowlist policy, fresh valuation, Legal Documents consent, and Desk SBRV + USDC to cover this lot.

4. Desk USD fee — analysis

Instruction: a USD-fixed fee that pays the dev team, competitive to start. Comparables as of 2026:

• Securitize Markets (ATS): 1% of notional per secondary trade — a licensed broker-dealer, not a DEX.
• INX Securities: 1.5% + 1.5% buyer/seller commission plus a $1 network fee per order.
• Crypto DEX / perps: typically 0–40 bps, often $0 maker.

Desk matching: 1.00 USDC charged to the taker on each matched RWA fill. Maker 0.00. Native SBRV/USDC book 0.00 / 0.00. Paid to the developer wallet (team-ops ledger).

The $1,000–$50,000 USDC charge is the Factory platform fee on mint, not a Desk matching fee. Both are non-refundable operating revenue, not a profit interest in SBRV.

5. Staking and access

Staking is a bond: skin-in-the-game to open Factory. It does not pay yield, share RWA cashflows, or slash on a Howey score. Emissions pool: 0.

• Issuer bond 10,000,000 SBRV per live instrument. Permanently locked while that RWA is live. Return only after the token is fully wound down; then the issuer can sell that SBRV on the Desk.
• Officer bond 1,000,000 SBRV for attest + mint authority on that instrument. Same life-of-instrument lock.
• No APY. Freeze does not forfeit. Officer forfeiture, or issuer suspension, burns 100% of locked SBRV. Burned SBRV is not paid to treasury and is not returned.

A first 1-token mint costs 1,000 SBRV (500 burned / 500 permanently locked) + 10,000,000 issuer lock + 1,000,000 officer lock + at least $1,000.00 USDC to the developer wallet.

6. Issuer mint and burn of the RWA

Each instrument has an issuer supply panel on the Asset Profile:

• Initial mint — Converter path. Issuer sets unit value and quantity. Pays 1,000 SBRV per token, the USDC platform fee, and access bonds.
• Subsequent issuer mint — no supply cap. Same gates (KYB, custody freshness, officer, allowlist, freeze) plus Desk SBRV and USDC. 1,000 SBRV per token; 50% buy & burn / 50% permanent LP lock; USDC platform fee again.
• Issuer burn — retire issuer-held inventory. Does not seize holder tokens. Does not return SBRV or the USDC platform fee.
• Holder redeem — consumptive path. Burns holder inventory against the utility catalog. Does not return SBRV.

Native USDC/SBRV stay off this panel. An RWA cannot mint SBRV.

7. Governance and immutability

Decentralized here means: the SBRV token and Factory economic rules cannot be quietly rewritten after launch. It does not mean a token-holder DAO votes on someone else’s building.

• SBRV cap fixed. Further SBRV mint: no.
• Upgrade proxy on SBRV: no.
• Operator pause of SBRV: no.
• DAO over RWA cashflows or freeze: no.
• Issuer-level controls remain: freeze, allowlist, issuer mint, issuer burn, redeem, bond forfeiture. Those are the issuer’s instrument, not protocol governance.

8. Networks

SBRV launches first on Robinhood Chain (chain 4663) — the TGE venue and the default in this interface. PulseChain (chain 369, official RPC rpc.pulsechain.com) is the next SBRV launch after Robinhood. Arc Network is later settlement. No canonical bridge in this plan.

Independent of Circle, Arc Network, Robinhood, and PulseChain. Listing a chain is not an endorsement and not a licensed offering on that chain.

9. Howey fit

This plan is written so SBRV can stay a consumptive protocol token next to the Converter:

• 1,000 SBRV per RWA token is mint fuel, not a share of the underlying asset. There is no RWA supply cap in the protocol — only SBRV the issuer can buy.
• 50% buy & burn is supply reduction. Do not market it as “price goes up.” 50% LP is a permanent lock.
• The $1,000–$50,000 USDC charge is a non-refundable platform fee to the developer wallet, not a claim on NAV.
• Bonds have no yield and stay locked while the RWA is live. Return only after full wind-down; then SBRV may be sold. Forfeiture burns; freeze does not.
• $1 Desk taker is a service charge in USDC, paid to operations.
• No SBRV claim on RWA rent, interest, or NAV.

Residual risk remains. Team tokens, a 369 billion cap, and a public Desk can still be argued as a capital-raise if marketed that way. Counsel review is required before TGE. See the Regulatory Notice.

10. In force in this interface

The following are wired as local records. They are not a public-chain TGE.

1. Default settlement network → Robinhood Chain. PulseChain is next SBRV launch; Arc is later. No Local Anvil.
2. Factory mint: 1,000 SBRV = 1 RWA; 50% buy & burned / 50% permanently locked as liquidity; issuer sets unit value; no RWA supply cap; USDC platform fee $1,000.00–$50,000.00 to the developer wallet (non-refundable); issuer 10,000,000 and officer 1,000,000 bonds locked while the RWA is live; sellable only after wind-down. Forfeiture burns locked SBRV.
3. Team 15% unlocked at TGE. Only liquidity is permanently locked.
4. Asset Profile: subsequent issuer mint and issuer burn, same gates.
5. Desk: $1 USDC taker on RWA fills; $0 native SBRV/USDC; fee to team ops.
6. White Paper §5 and Terms §6–§7 match this constitution. Dated schedule: Roadmap.

Not in this version: live on-chain TGE, a broker-dealer, CIP/OFAC, or a DAO over other issuers’ RWAs.