the four roads

The creator of a coin sets its trading fee and decides where that fee goes. There are four roads, and together they always add up to 100%.

road	vessel	where it goes
the creator	kylix	paid to the creator, in HYPE
the holders	hydria	paid in HYPE, pro-rata to holdings
the fire	brazier	buys back and burns the coin itself
the offering	altar	buys back and burns the god the creator chose

fee range

parameter	value
minimum trading fee	TBD (testnet simulation: 0.30%)
maximum trading fee	TBD (testnet simulation: 3.00%)
default trading fee	TBD (testnet simulation: 1.00%)

default split

road	default
creator	TBD (testnet simulation: 40%)
holders	TBD (testnet simulation: 20%)
fire	TBD (testnet simulation: 20%)
offering	TBD (testnet simulation: 20%)

Any split is allowed as long as it sums to 100%. A road may be set to 0%.

exact formulas

For a trade of notional size V in HYPE, coin fee rate f, and road shares c + h + b + o = 1:

fee        = V * f
toCreator  = fee * c
toHolders  = fee * h
toFire     = fee * b
toOffering = fee * o

The holder road pays each wallet by its share of the circulating supply:

payout(wallet) = toHolders * balance(wallet) / circulatingSupply

The platform fee is separate and charged on top. See fees.

worked example

Illustrative numbers, not final parameters. A trader buys 10 HYPE of a coin with a 1% fee and a split of 40 / 20 / 20 / 20. The platform fee in this example is 0.20%, with half going to the $PITHOS buyback.

step	amount
coin fee, 1% of 10 HYPE	0.100 HYPE
to the creator, 40%	0.040 HYPE
to the holders, 20%	0.020 HYPE
to the fire, 20%	0.020 HYPE of the coin bought and burned
to the offering, 20%	0.020 HYPE of the god bought and burned
platform fee, 0.20%	0.020 HYPE
of which $PITHOS buyback, 50%	0.010 HYPE
swapped into the curve	9.880 HYPE

can a split change?

No. The fee and the split are set at launch and are visible on-chain. Holders should be able to read what they are buying into and know that it will not move.