Launch parameters

Every parameter United Reserve launches with, in one table.

Token and supply

Parameter	Value
Token	$UNITED, ERC-20, 18 decimals
Hard cap	1,000,000,000 UNITED, counting every UNITED ever minted, burns included
Pool seed	50,000,000 UNITED (5% of the cap) against 1,960 ETH at a full genesis sale; opens at 0.0000392 ETH
Minted	Seeded at launch; after that, only on Printer redemption or reward claim
Burn sources	8

Monetary policy

Parameter	Value
Base emission	200,000 UNITED a day, -12.5% a year; fixed, cannot be changed
Emission multiplier	Policy 0.2x to 2.5x; 0.2x to 1.25x at launch, start 1.0x, +0.10 / -0.15
Multiplier steps	Up 0.05 to 0.15, down 0.05 to 0.20
Epoch	1 day, fixed
Signal	Net ETH flow, closed epochs only

Licenses

Parameter	Value
Genesis Licenses	3,000 in three phases by sale order: 1 to 500 at 0.8 ETH, 501 to 1,500 at 0.9 ETH, 1,501 to 3,000 at 1 ETH (2,800 ETH at a full sale); soulbound
License split	70 LP / 14 Contraction Vault / 6 Reserve Vault / 10 team, of the gross ETH sale price
License auction	After genesis: 12 hours, 00:00 to 12:00 UTC, in ETH
Licenses per auction	Policy 1 to 1,000 (100 at launch)
Fractional Licenses per auction	At a tenth of the price; 1,000 at launch, a policy the team can set to unlimited
Opening price	2x the last price paid (2x the floor only if nothing sold at all)
License floor	1 ETH (bounded 0.5 to 2 ETH)
Printers per License	10, counting the one it comes with
Conversion	None: Fractionals never convert

Printer auction

Parameter	Value
Window	12 hours, 00:00 to 12:00 UTC
Paid in	UNITED
Printers per auction	Policy 1 to 3,000 (300 at launch)
Per License	Max 3 each sales cycle and 10 per License
Opening price	2x the last price paid (2x the floor only if nothing sold at all), halving the gap every 4 hours
Floor	30 days of one Printer's emission (bounded 15 to 60)
Fractional Printers	At a tenth, 3,000 an auction at launch, max 3 per Fractional License each sales cycle
Printer split	80% burned, 20% Incentive Vault

Trading

Parameter	Value
Pool	ETH / UNITED, Uniswap v4, tick 200
Taxes	3% buy, 6% sell, in ETH
Tax bounds	Up to 10% each
Tax split	35 burn / 30 team / 20 Contraction Vault / 15 Reserve Vault
Launch protection	90% tax decaying to 3% / 6% over one hour

Redemption

Parameter	Value
Redemption fee	2% to 60% for Printers and 5% to 80% for Fractional Printers, one quadratic curve, each measured on its own track, saturates at 10% of that track's value in 7 epochs
Exit split	70% burned, 30% to stayers of the same kind

Network rewards

Parameter	Value
Rewards pool	30% of emission, fixed, on each of two tracks (full and fractional): 45% Network Yield, 50% Guild Yield, 5% Sponsor Match
Unpaid shares	Unpaid Guild Yield shares fund the Guild Bonus Pool; other unpaid shares are burned
Orbits	15; opened by 1 / 2 / 3 Licenses bought with your referral code
Guild Tiers	9; Tier I 10% rising 5% a tier to 50% at Tier IX
Guild Bonus Pool	Calculated 00:00 UTC, paid 03:00 UTC; 15 / 15 / then 10% a tier
esUNITED	Vest over 10 days, or unlock now and burn 30%. A running vest locks both until it completes.

Defence and vaults

Parameter	Value
Range-bound defence	-10% against 24 hours ago; a 24-hour rescue in 6 injections, one every 4 hours, stopping at +5%; 10% / 25% caps, 20% last line; bought UNITED is burned
Vaults	Contraction Vault (ETH, buys and burns), Reserve Vault (tokenized assets), Incentive Vault (UNITED for future rewards)

Control

Parameter	Value
Governor	Team Safe (multisig) behind a 48-hour onchain timelock
Change frequency	Each setting at most once per 7 epochs
One-way switches	Permissionless buybacks and range-bound defence
Guardian	Can pause new License and Printer sales only
Upgrades	None: the code cannot be upgraded