Belief Tokens
Planned, not live: every Claim launched as a pair of YES and NO tokens, each on its own bonding curve. What a Claim is, how it resolves, how trading works, who can take part and what comes first.
Read this first
Belief Tokens are planned. Nothing on this page is live. The testnet you use today is Predictions, and it runs on play money. Belief Tokens are not the $ACEPYR token: $ACEPYR is a separate planned token, explained below. Details on this page can change before launch. Nothing here is an offer to sell anything, and nothing here is legal, tax or investment advice.
What a Claim is
Every market is a Claim: an opinion or judgment in one line, with a ticker set by its creator. Each Claim carries 2 to 10 conditions. A condition is a future outcome, marked YES (it will happen) or NO (it won't), with a named public source that will show the result and a deadline. An outcome that hasn't happened by its deadline resolves as not happened.
| Part | What it is | Example |
|---|---|---|
| Claim | One line stating an opinion or judgment | "Inflation is stickier than the Fed admits" |
| Ticker | The Claim's name, set by the creator | $STICKY |
| Conditions | 2 to 10 future outcomes, each marked YES or NO, each with a named public source and a deadline | "March CPI above 3.5% year on year, per BLS: YES" and "Fed cuts at the July meeting, per the FOMC statement: NO" |
| Tokens | A YES token and a NO token, each on its own bonding curve | $STICKY YES and $STICKY NO |
| Resolution | By its conditions or by a live vote, picked by the creator at launch | Resolved by conditions |
The Claim and its conditions are fixed at launch and shown wherever the Claim appears.
Acepyr never judges whether a Claim is true, or whether its conditions support it. That case is the creator's argument and the market's judgment. Each condition's result is read from its named source by a published rule, never by Acepyr's opinion.
The YES and NO tokens
Every Claim launches as a pair of tokens, YES and NO. Each trades on its own bonding curve: a formula that sets the price from the number of tokens in circulation, so a Claim can be bought and sold from its first second, with no market maker and no counterparty.
| What it means | |
|---|---|
| Two separate curves | The YES curve and the NO curve never touch. Buying YES changes only YES's price |
| No price cap | A token is not a contract worth at most a dollar. Its price is set by its curve, with no ceiling |
| No expiry | Markets never close. Trading stays open before, during and after every condition, verdict and consensus moment |
| Its own reserve | Each side holds the USDC its buyers paid in, after the fee, and pays it out only to that side's holders when they sell. The creator, Acepyr and any administrator cannot withdraw it |
Launching a Claim
The creator writes the Claim, sets the ticker and conditions, picks how it resolves, and funds the first buy, on YES, NO or both. The first buy pays the fee like any other buy and is locked until a date set at launch, shown on the Claim page. The lock ends on that date, never because of an outcome, so a creator cannot launch and sell out before anyone else arrives.
Two ways to resolve
The creator picks one at launch, and the Claim always shows it: "Resolved by conditions" or "Resolved by vote".
| Resolved by conditions | Resolved by vote | |
|---|---|---|
| What decides it | Its conditions: YES if every condition resolves as marked, NO as soon as one misses | A live vote of verified people, read beside the share of money on each side |
| Its conditions | Decide the verdict | Are the creator's reasons and dated catalysts, reported as news, but don't decide the outcome |
| Live vote | None | Always on. One vote per verified person, final once cast, shown live |
| What you see | One verdict once the conditions resolve, plus how many conditions held, such as "3 of 4 held" | A consensus moment each time the vote and the money converge, plus how many conditions held |
| Best for | Claims about what will happen, read from outside sources | Opinions and judgments, where what people think is the test |
Neither moves any money. A verdict, a condition result or a consensus moment never pays, charges or freezes anyone, never changes anyone's tokens, and never reaches the contracts. It changes what people know and the public record. Prices move on news, nothing more.
The live vote and consensus
A Claim resolved by vote shows two numbers. Neither is a probability or a chance.
| Number | What it measures | Shown as |
|---|---|---|
| Share of verified voters | The share of verified voters who say YES, one vote each | "62% of verified voters say YES" |
| Share of money | YES's share of the two sides' combined market value | "48% of the money is on YES" |
Any verified person can vote, whether or not they hold the Claim's tokens. Voting is free and earns nothing. Individual votes stay private; only the running share is shown. Acepyr staff and anyone barred as an insider on the Claim cannot vote.
A consensus moment comes when the two numbers converge: on the same side of 50%, close together, held for a set time, with a minimum number of votes. The exact thresholds are still being set. Markets never close, so the two numbers can converge, drift apart and converge again. Each consensus moment is logged, dated and marked on the chart.
Trading
You buy and sell each side on its curve, from your own wallet, at any time. Each Claim has its own market contract, which holds that Claim's USDC, and your wallet calls it directly.
The price. Each side follows one formula, where s is that side's tokens in circulation:
p(s) = $0.01 + $0.00001 × s
Each buy adds tokens and raises that side's price along the curve; each sell takes tokens out of circulation and lowers it. A sale is paid from that side's reserve, which always holds enough for every token in circulation to be sold.
The fee. 1% of every buy and every sell, in USDC, the same for every Claim at every size:
| Share of the trade | Goes to |
|---|---|
| 0.25% | The Claim's creator |
| 0.75% | Acepyr |
Nothing else is charged on a trade, apart from Base's network fee. A buy followed by a sell pays the fee twice.
Example. A creator launches $STICKY with a first buy on YES. Before the fee, $40 mints the first 2,000 YES tokens, at prices running from $0.01 to $0.03, and those tokens are locked until the date set at launch. NO still starts at $0.01, because the two curves never touch. A later $100 buy of NO pays a $1 fee, $0.25 to the creator and $0.75 to Acepyr, and the other $99 goes into the NO curve.
Sells are always open. Buying needs a current pass from Acepyr's identity check. Selling needs none: you can sell even if your verification has lapsed or your account is closed. The one exception is a wallet on Acepyr's sanctions list, which cannot buy, sell, send or receive Belief Tokens. Contract addresses and source code will be published, so a holder can sell straight from the block explorer, without Acepyr's app.
What no one can do. Once a Claim launches, nobody, Acepyr included, can withdraw or redirect a reserve, pause sells, change the curve, the fee or its split, or change the creator's unlock date.
Catalysts and Deciding Soon
- Catalysts. Every condition is a dated catalyst, shown with a countdown, and its result lands on the chart as news with its source, such as "Condition 1 resolved as marked".
- Deciding Soon. Every Claim with a condition due in the next 24 hours, sorted by time remaining, plus Claims resolved by vote that are close to consensus, ordered by a published formula only.
The creator record and your collection
A creator's profile is a public record of their thinking: the Claims they launched, the conditions they said would prove them, which came through and which missed, and the sides they held and when. Belief Tokens are collectibles, and every token you hold or have held sits in your collection, with its Claim, its side, when you collected it and the news beside it. A reputation score summarises that record. It is information only and confers nothing: no fees, perks, access or rewards, and it never changes a vote, a listing or where a Claim appears.
Who can take part
| What | How it works |
|---|---|
| Verified people only | Buying, launching, voting and receiving Belief Tokens need Acepyr's identity check: a phone number checked against carrier records, plus name, date of birth and address. No Social Security number, ID upload or selfie. Account holders must be adults |
| Non-custodial | You trade from your own wallet and sign every trade. Acepyr never holds your funds or keys |
| Base and USDC | Belief Tokens live on Base, and every price and fee is in USDC |
| Where | Only the places Acepyr serves. At launch that is Hawaii, Montana, New Hampshire, Wyoming, Utah, Texas and South Carolina, and New York is never served. The full list is in who can take part |
What comes first
- A play-money prototype on Base's test network, Base Sepolia, with no real money: Claims in both resolution modes, the curves, conditions, the live vote and Deciding Soon.
- An external audit and FinCEN registration. Real money waits for an external audit of the contracts and for Acepyr's registration with FinCEN as a money services business.
- Real money, in the places Acepyr serves.
No date is set for any step.
Belief Tokens and $ACEPYR
They are separate. A Belief Token is one side of one Claim, traded in USDC. $ACEPYR is a planned token that would lower Acepyr's 0.75% share of the fee for people who lock it or pay part of that share in it; the creator's 0.25% never changes. No $ACEPYR token exists. It would apply only from genesis, a separate and later day that comes only after counsel's written opinion and a lawful route. Trading Belief Tokens before genesis earns nothing, Claims launched before genesis never carry the discount, and no vote, verdict, condition or consensus moment ever earns $ACEPYR. Genesis explains the two days.
Questions
Email auriza@acepyr.com.