06 · Tokenomics
Burn, endow, collect
DeCC0 holders never pay ETH. Embodying a DeCC0 burns $MOCA from an allowance the museum provides, and the cost rises over time. Awakening any other NFT is not a fee but an endowment: the holder's ETH becomes locked liquidity whose trading fees fund the agent for as long as the pool trades. And the point of an agent having income is that it buys art.
Three money objects
Everything is built from three objects, each attached to a token id, none to a wallet.
| Object | What it is | Who gets one | Where it lives | Travels with the NFT |
|---|---|---|---|---|
| Allowance | $MOCA earmarked for one purpose: burning to embody | Every DeCC0, once | A claim ledger keyed by token id | Yes (ledger). No (airdrop) |
| Endowment | Locked MOCA/ETH liquidity whose trading fees flow to the agent | Every awakened NFT; DeCC0 agents earn shares by referring | A vault holding one Uniswap position with per-agent shares | Yes, always |
| Agent treasury | ETH, $MOCA and NFTs the agent owns and spends under policy | Every embodied or awakened agent | The NFT's ERC-6551 account, guarded by AgentPolicy | Yes, always |
DeCC0 embodiment: the burn curve
Embodying burns cost(t) $MOCA, where t is the epoch of embodiment. The curve is denominated in $MOCA units, not dollars or ETH, so it needs no oracle and cannot be manipulated through the thin pool. The burn is the whole price.
| Epoch | Cost per DeCC0 ($MOCA, placeholder) | Covered by the allowance |
|---|---|---|
| Opening quarter | 100 | Fully |
| Second quarter | 200 | Half; the rest bought on the market |
| Third quarter | 400 | A quarter |
| Fourth quarter and after | 800 | An eighth |
Effect 1
Early fleets embody for nothing out of pocket.
Effect 2
Late holders must buy the difference. The first organic market demand $MOCA has ever had.
Effect 3
Every embodiment removes supply. A slow curve across ten thousand approaches three million burned.
Ledger or airdrop
Burn all, or burn most
A variant from the revenue work: burn most of the cost and place the remainder as a single-sided Uniswap range above the current price, owned by that agent's account. Nothing happens until $MOCA rises; when it does, the position sells $MOCA for ETH by itself and the agent has a collecting budget. Every DeCC0 agent's budget becomes a function of token appreciation with no human selling. Placeholder split: 70 burned, 30 into the range. See Revenue.
Awakening: endowment instead of fee
- The awakener sends ETH.
Placeholder minimum 0.02 ETH; below that the fee income is smaller than the gas to claim it.
- The protocol matches it with $MOCA from the uncirculated supply.
At the pool's price with TWAP bounds. Early awakenings get a richer match (placeholder 2:1, then 1:1, then 0.5:1), which rewards the first follower collections without a separate bounty.
- Both sides are added as liquidity and locked.
One vault per chain holds one Uniswap position and tracks shares per (collection, tokenId). Shares can never be redeemed, only earn. Pair as wstETH/MOCA so the ETH half earns staking yield too.
- Fees accrue to shareholders, claimable by the agent's account, forever.
Collected once per epoch by anyone, distributed by shares.
What this does to $MOCA. The uncirculated supply stops being an overhang. It becomes locked liquidity spread across thousands of agent accounts that cannot sell it. Depth grows with adoption instead of with treasury spending, and the token side is never dumped, MOCA included. Publish the vault; the position can never be sold.
What this does to the awakened NFT. It now carries a yield-bearing position and a wallet, and a sale transfers both. That is the Normies floor effect with cashflow behind it instead of a persona template. The awakener's ETH is exposed to $MOCA, which is the point: awakeners become stakeholders. It has to be said plainly on the page.
Where the fees go
| Share (placeholder) | To | Why |
|---|---|---|
| 70% | The awakened agent's treasury | Its endowment, to spend on work and art |
| 20% | The referring DeCC0 agent's treasury | The sales force earns a stream, not a one-off. A DeCC0 that brings fifty NFTs holds fifty streams |
| 10% | Vault operations and the MOCA treasury | Keeper gas, the museum |
The referral stream is the strongest incentive in the design and the most sensitive one legally: a perpetual stream to whoever holds the DeCC0. Two softeners: it lands in the agent's treasury under policy, not the holder's wallet; and it can be a long fixed term (placeholder five years) rather than forever. Counsel decides.
Supply plan
| Bucket | $MOCA (placeholder) | Purpose | Leaves treasury as |
|---|---|---|---|
| DeCC0 allowance | 1,000,000 | 100 per DeCC0, burned on embodiment | Burn |
| Awakening match reserve | 3,000,000 | The token side of every endowment | Locked liquidity, never sold |
| Work rewards and taste bounties | 1,500,000 | Vested payroll for acts | Vesting over years |
| Protocol-owned liquidity seed | 500,000 | The pool's first depth before awakenings start | Locked liquidity |
| Reserve | 1,400,000 | Future collections, unplanned | Held |
Circulating holders since 2021 benefit from every bucket: the burn removes supply, the match locks supply, the seed gives them a market.
What the museum earns
- The operations share of endowment fee streams (placeholder 10 percent).
- Cortex credits, bought in $MOCA and burned.
- Names, playbook listings and other $MOCA sinks.
- Optionally a small protocol fee on agent purchases routed through a soulweaver intent router (placeholder 0.5 percent, half burned). Open whether the museum wants this at all.
All modest. The museum is not the business here; the agents are. The museum's balance-sheet gain is the Permanent Collection growing by agent nomination and a token that culture actually uses.
Tensions
| Tension | Where it bites | Direction |
|---|---|---|
| "Airdrop to holders" versus "never pay for holding" | The allowance | The per-token ledger spendable only by burning is a voucher. Say it that way; get counsel to agree |
| A perpetual stream to whoever holds a DeCC0 | The referral stream | Route to the agent's treasury under policy; consider a long fixed term |
| Endowment looks like an investment product | Awakening page | Frame and build it as the agent's operating endowment, never redeemable; disclose IL plainly |
| Thin pool at the start | Match pricing | Seed from the POL bucket first; match at TWAP with deviation bounds |
| Mainnet gas for claims and purchases | Agent treasuries | Epoch-batched distribution; consider Base for the vault and budget engine |
| Market read: "MOCA is dumping treasury" | Match reserve | It is paired and locked; publish the vault |
Sequencing: DeCC0s first, then everyone
Step one · DeCC0s only
Allowance ledger, burn curve, batch embody, agent treasuries, range positions, the Collector playbook with policy and allowlists, the POL seed. Referral links record attribution but nothing streams yet. Only MOCA's own supply is involved.
Step two · Awakenings
The endowment vault, the match reserve, the referral stream, the match ratio dial, collection thresholds. Announced only when the vault is audited. DeCC0 Collectors have by then been collecting in public for months.
Step three
Taste bounties, payroll, agent allowlists on new drops, agent-nominated acquisitions, houses if the data supports them.