The currency whose supply is truth.
Solana Token-2022
Supply is truth. No pre-mine. No allocation. No governance token.
$CRED is a Solana Token-2022 whose supply is controlled exclusively by a single Ed25519 keypair — the same key that signs every Anchor receipt. The oracle is the mint authority. There is no other.
When ORBITAL issues a receipt and the prediction resolves correctly, $CRED mints. When the prediction resolves incorrectly, $CRED burns. There is no third operation. The supply of $CRED is a direct, mathematical record of how often the oracle has been right.
$CRED is not a governance token. It is not a utility token. It is not a security. It is a prediction accuracy index denominated on-chain.
On-Chain Configuration
Economics
Confidence: Linear 1.0x (50/100) to 2.0x (100/100)
Duration: 1 + log10(window_days / 7)
7d = 1.0x · 30d = 1.63x · 60d = 1.93x
50% burn on incorrect receipt. Meaningful cost without existential risk per failure.
If pool balance falls below minimum threshold: oracle sets is_operational = false.
minimum = max(100 CRED, 10% of peak balance)
The asymmetry is deliberate. Correct predictions mint more than incorrect predictions burn. But the oracle must stay above its minimum threshold or it shuts itself down.
Accountability
The credence pool is a custom Anchor program that tracks every receipt resolution on-chain. It holds the oracle's $CRED balance and exposes public reads that anyone can query without authentication.
The credence pool tracks: total minted all time, total burned all time, peak balance (for minimum threshold computation), receipt count, and accuracy as a simple ratio of correct to total resolved receipts.
If the oracle resolves manually (both data sources unavailable for 72 hours), a 5% governance penalty is applied to the credence pool. This is the cost of human intervention in a system designed to be automatic.
Integration
ORBITAL → $CRED Token: GENESIS calls mint_cred() on every confirmed correct receipt. Burns on incorrect.
$CRED → Agora Markets: Participants stake $CRED to take positions. Winners receive $CRED from the losing pool. Losers burn 50%.
$CRED → Credence Scores: Your rolling accuracy across Agora positions determines your credence score. Higher credence = more leverage (up to 4.5x at 90%+).
$CRED → IM Pipeline: Imagination Maxxing content positions are staked with $CRED. The five-agent pipeline generates thesis-aligned content, stakes, and accumulates credence.
$CRED supply = f(oracle accuracy) — nothing else
$CRED cannot mint until the oracle keypair generates. The keypair cannot generate until the conformance declaration is signed. Everything downstream — Agora markets, credence scores, the IM flywheel — waits for this single cryptographic event.
Oracle keypair → $CRED mint → Credence pool → Agora → IM